WILLIAMS DARREN K (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

WILLIAMS DARREN K

Filed: 12/12/2025ACC: 0001225208-25-009882

InsiderWILLIAMS DARREN KCIK 1496855

→

IssuerUNITED BANKSHARES INC/WVCIK 729986

Officer· Executive Vice-President

Since Feb 2026

-4.69K

Net shares

Net seller

$185.4K

Total sold

Open market trades

0B · 0S

Total transactions

5K acquired · 9.69K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+5K

Price / share

$35.04

Trade value

$175.20K

% of position

12.3%

12/11/2025

40.73K→45.73K

Common Stock

Direct

F · Tax Withholding

−4.69K

Price / share

$39.53

Trade value

$185.40K

% of position

10.3%

12/11/2025

45.73K→41.04K

Total

Net shares

+310.00

Net value

-$10.20K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/11/2025	M · Option Exercise	+5K	$35.04	$175.20K	12.3%	40.73K	45.73K
Common Stock Direct	12/11/2025	F · Tax Withholding	−4.69K	$39.53	$185.40K	10.3%	45.73K	41.04K
Total			+310.00		-$10.20K

Derivative Transactions1

Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

5K shares

−5K

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 Stock5K shares	12/11/2025	M · Option Exercise	−5K	35.0400	—	0.00

Non-Derivative Holdings (Post-Transaction)2

Common Stock

Indirect

Shares owned4.94K

Common Stock - Direct IRA

Direct

Shares owned2.21K

Total

2.21K direct·4.94K indirect7.15K

Security Title	Shares Owned	Ownership Type
Common Stock	4.94K	Indirect
Common Stock - Direct IRA	2.21K	Direct
Total	7.15K	2.21K direct·4.94K indirect

Derivative Holdings (Post-Transaction)5

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

3.62K

Shares owned

3.62K

Exercise price

32.5100

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

7.60K

Shares owned

7.60K

Exercise price

45.3000

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

7.25K

Shares owned

7.25K

Exercise price

32.5100

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

5.42K

Shares owned

5.42K

Exercise price

38.4900

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

7.60K

Shares owned

7.60K

Exercise price

37.6000

Expiration

—

Exercise window

—

Total

Underlying

31.49K

Owned

31.49K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option Direct	Common Stock	32.5100	—	—	3.62K	3.62K
Stock Option Direct	Common Stock	45.3000	—	—	7.60K	7.60K
Stock Option Direct	Common Stock	32.5100	—	—	7.25K	7.25K
Stock Option Direct	Common Stock	38.4900	—	—	5.42K	5.42K
Stock Option Direct	Common Stock	37.6000	—	—	7.60K	7.60K
Total					31.49K	31.49K