Carissa L. Rodeheaver - May 15, 2023 Form 4 Insider Report for FIRST UNITED CORP/MD/ (FUNC)

Signature
/s/ Carissa L. Rodeheaver
Stock symbol
FUNC
Transactions as of
May 15, 2023
Transactions value $
$3,990
Form type
4
Date filed
5/16/2023, 11:44 AM
Previous filing
May 4, 2023
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUNC Common Stock Purchase $3.99K +300 +0.75% $13.30 40.2K May 15, 2023 Direct F1
holding FUNC Common Stock 78.6 May 15, 2023 By spouse as UTMA custodian for son
holding FUNC Common Stock 862 May 15, 2023 By 401(k) plan F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The shares were purchased pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on March 15, 2022.
F2 Amount includes 5.6033 shares acquired with reinvested cash dividends pursuant to the First United Corporation Dividend Reinvestment and Stock Purchase Plan since the date of the last report.