SHAVER AMI L (Executive Vice President) exercised options at UNITED BANKSHARES INC/WV

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

SHAVER AMI L

Filed: 12/12/2025ACC: 0001225208-25-009888

InsiderSHAVER AMI LCIK 1929534

→

IssuerUNITED BANKSHARES INC/WVCIK 729986

Officer· Executive Vice President

Since May 2022

-1.88K

Net shares

Net seller

$74.2K

Total sold

Open market trades

0B · 0S

Total transactions

2K acquired · 3.88K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+2K

Price / share

$35.04

Trade value

$70.08K

% of position

14.1%

12/11/2025

14.17K→16.17K

Common Stock

Direct

F · Tax Withholding

−1.88K

Price / share

$39.53

Trade value

$74.16K

% of position

11.6%

12/11/2025

16.17K→14.29K

Total

Net shares

+124.00

Net value

-$4.08K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/11/2025	M · Option Exercise	+2K	$35.04	$70.08K	14.1%	14.17K	16.17K
Common Stock Direct	12/11/2025	F · Tax Withholding	−1.88K	$39.53	$74.16K	11.6%	16.17K	14.29K
Total			+124.00		-$4.08K

Derivative Transactions1

Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

2K shares

−2K

Strike price

35.0400

Held after

0.00

Exercisable

—

12/11/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option Direct	Common Stock2K shares	12/11/2025	M · Option Exercise	−2K	35.0400	—	0.00

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned9.38K

Total

9.38K indirect9.38K

Security Title	Shares Owned	Ownership Type
Common Stock	9.38K	Indirect
Total	9.38K	9.38K indirect

Derivative Holdings (Post-Transaction)4

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

45.3000

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

38.4900

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

906.00

Shares owned

906.00

Exercise price

32.5100

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

37.6000

Expiration

—

Exercise window

—

Total

Underlying

6.91K

Owned

6.91K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option Direct	Common Stock	45.3000	—	—	2K	2K
Stock Option Direct	Common Stock	38.4900	—	—	2K	2K
Stock Option Direct	Common Stock	32.5100	—	—	906.00	906.00
Stock Option Direct	Common Stock	37.6000	—	—	2K	2K
Total					6.91K	6.91K