FUNC FIRST UNITED CORP/MD/ Insider Trading

CFO Tonya Sturm buys First United stock as cluster of three insider purchases emerges within 14 days

Tonya Sturm, the company's Chief Financial Officer, made an open-market purchase of stock—a meaningful signal of conviction from someone with direct knowledge of the company's financial condition. What elevates this filing beyond a routine trade is the cluster context: three insiders are buying within a compressed 14-day window, suggesting coordinated confidence rather than isolated vesting or portfolio rebalancing. The stock is currently trading well below its recent highs and down modestly over the past three months, which is precisely the price environment where insider buying typically carries weight—executives are deploying their own capital when valuation appears attractive, not when sentiment is euphoric. The company itself remains profitable with reasonable growth and a conservative valuation, providing a financial backdrop where an insider's conviction purchase feels substantive rather than speculative.

FUNC President & CEO Rush Barry purchases shares in open market, signaling confidence in profitable regional bank trading below recent highs.

Rush Barry, the President and CEO of First United Corp, purchased shares through open-market buying on his own account, a direct signal that the company's top operational leader sees value at current levels. The company is profitable with solid fundamentals and trades at a reasonable valuation multiple, yet the stock has retreated notably from its recent highs, creating a window where insider buying often occurs. That Barry is the CEO—not a mid-level manager or board member—carries weight; his purchase reflects his conviction in the business trajectory based on inside knowledge. However, the transaction size is modest relative to his existing holdings, and the purchase came only days after a minor pullback, making it an important vote of confidence but not an all-hands-on-deck signal. For investors evaluating First United, this filing suggests the person running the company believes the current pullback presents a buying opportunity rather than a warning sign.

Director Rodeheaver purchases ~167 shares in two open-market trades, signaling confidence in undervalued stock.

Director Carissa Lynn Rodeheaver purchased approximately 167 shares across two trades on the same day, despite the stock trading below its recent highs and having declined modestly over the past quarter. What stands out is the timing: the stock is off its peak but not yet at crisis levels, yet a director chose to add to their position through open-market purchases rather than waiting for a deeper pullback—a contrarian move that suggests conviction that current valuations don't reflect the company's underlying strength. The company itself remains solidly profitable with reasonable valuation metrics and stable revenue growth, providing a fundamental backdrop that makes insider buying here more than speculative. However, the modest size of Rodeheaver's purchases (representing less than one-half of one percent of holdings) limits the strength of the signal; this is meaningful director confidence, but not a dramatic show of force.

Director Boal Brian R. buys 74 shares of FIRST UNITED CORP/MD/ at $39.68; cluster buy pattern detected (3 other insiders in 14 days)

Director Boal Brian R. purchased 74 shares at $39.68 on 2026-02-03, modestly increasing his stake to 20,838 shares. The transaction arrives as part of a broader cluster buy pattern, with 3 other insiders also acquiring shares within the past 14 days, suggesting alignment among the insider group at current valuations. His prior trades at FUNC show 4 of 5 were well-timed at the 90-day horizon, and his cross-ticker track record demonstrates an 81.82% 90-day win rate across 11 prior buys; however, the magnitude of this particular purchase ($2,970.64) is modest relative to his total holdings. The company's fundamentals show a P/E of 10.26 and net income of $6.9M against quarterly revenue of $4.1M, with annual revenue growth at +6.3%.

Director Rodeheaver buys 159 shares at blended $39.66; cluster buy pattern with 3 other insiders in 14 days.

Carissa Lynn Rodeheaver, a Director, executed 2 separate purchases totaling 159 shares for $6,310.64 at a blended average price of $39.66 on 2026-02-03. The current price is $39.41, placing the transaction slightly in-the-money. Her prior trades at FUNC show 4 of 5 buys were well-timed at the 90-day mark (80% timing accuracy at this specific ticker), and her cross-ticker track record across 20 prior buys demonstrates a 75.00% 90d win rate with +8.6% average 90d return. Notably, this transaction is part of a cluster pattern: 3 other insiders also bought within the past 14 days at FUNC, suggesting coordinated or coincident conviction at current valuation levels. The company trades at a P/E of 10.26 against quarterly revenue of $4.1M and net income of $6.9M, with annual revenue growth of +6.3%.

FUNC CFO Sturm buys 2 shares at $39.68; 3 other insiders bought within 14 days. Cluster buy pattern.

CFO Tonya K. Sturm purchased 2 shares of FIRST UNITED CORP/MD/ at $39.68 on 2026-02-03, a minimal absolute increment that increased her holdings to 10,826 shares. The transaction is noteworthy not for its individual size—a 2-share purchase represents a 0.0% net change to her position—but for its placement within a cluster: 3 other insiders also bought within the past 14 days. At the ticker level, Sturm's prior buy on 2025-11-03 posted a 90-day return of +9.0%, marking a well-timed entry. The current stock price of $39.41 sits only 5.3% below the 52-week high of $41.61 and has appreciated +11.1% over 90 days, suggesting the equity has recovered from recent weakness. With a P/E of 10.26 and net income of $6,948,000.00 on revenue of $4,094,000.00, the company shows profitability. The cluster buy pattern—simultaneous buying by multiple insiders—may reflect confidence in fundamentals, though the 2-share transaction size itself carries minimal economic commitment.

CEO Jason Barry bought 72 shares at $39.68; cluster buy pattern (3 insiders in 14 days); 81.82% 90d win rate.

Jason Barry, President & CEO of FIRST UNITED CORP/MD/, purchased 72 shares at $39.68, extending his holdings to 25,246 shares. This buy occurs within a cluster pattern: 3 other insiders bought within the past 14 days, which may signal shared conviction about valuation. Barry's cross-ticker track record shows an 81.82% 90-day win rate across 11 prior buys (avg 90d return +9.4%), and his prior trades at FUNC demonstrate strong timing discipline—4 of 5 prior buys at this ticker were well-timed at the 90-day mark. The stock trades at a P/E of 10.26 with annual revenue growth of +6.3% and quarterly net income of $6.9M, suggesting underlying profitability. Current price of $39.41 is -5.3% from the 52-week high but +11.1% over 90 days, placing this purchase near recent strength rather than at a valuation trough.

SVP & CFO Sturm buys 63 shares at $35.15; 4 insiders buying in 14 days signals coordinated accumulation

Sturm Tonya K. purchased 63 shares at $35.15 on 2025-11-03, adding to her holdings of 10,762 shares post-transaction. The transaction itself is modest in absolute terms ($2,238.14), but the broader context merits attention: 3 other insiders also bought within the past 14 days, forming a cluster buy pattern. This synchronized purchasing activity by multiple executives at FIRST UNITED CORP/MD/ occurs while the stock trades at $35.41, down 14.9% from its 52-week high of $41.61 but up 8.1% over 90 days. The company's fundamentals show solid performance—net income of $6,948,000.00 against quarterly revenue of $4,094,000.00 and annual revenue growth of 6.3%—with an attractive P/E of 9.22 across a $230.1M market cap. The coordinated insider activity suggests management views current levels as an accumulation opportunity relative to recent valuation history.

FUNC SVP & COO Barry buys 81 shares at $35.15; 4 of 5 prior FUNC purchases well-timed, cluster buy active.

Rush Jason Barry, SVP & COO of First United Corp/Md/, purchased 81 shares at $35.15, bringing holdings to 25,088 shares. This transaction is part of a broader insider cluster, with 3 other insiders also buying within the past 14 days. Barry's prior trading record at this ticker shows a strong timing pattern: 4 of his 5 previous FUNC purchases realized positive 90-day returns, ranging from +2.6% to +13.5%, suggesting a track record of entering at relatively constructive levels. His cross-ticker buy history further supports consistency, with an 80% 90-day win rate and an average 90-day return of +9.4% across 10 prior purchases. The company's fundamentals show a P/E of 9.29 and annual revenue growth of +6.3%, with most recent quarterly net income of $6.9M offsetting a modest near-term pullback—the stock is -14.2% from its 52-week high of $41.61 but +11.5% over 90 days. The concurrence of multiple insider purchases and Barry's historical pattern of well-timed entry points at this ticker warrants monitoring.

Director Boal buys 83 shares at $35.15; cluster buy pattern with 3 other insiders in 14 days

Director Brian R. Boal purchased 83 shares of FIRST UNITED CORP/MD/ at $35.15 on 2025-11-03, representing a modest $2,948.94 addition to his position of 20,764 shares post-transaction. The stock currently trades at $35.69, just 1.5% above the purchase price and down 14.2% from its 52-week high of $41.61, placing the entry near recent support levels. Notably, 3 other insiders also bought within the past 14 days, forming a cluster buy pattern that suggests coordinated conviction at current valuations. Boal's prior 5 trades at this ticker show a 4-of-5 pattern of well-timed buys (positive 90-day returns), and his cross-ticker track record shows an 80% 90-day win rate with an average 90d return of +9.4%, indicating a history of disciplined entry decisions, though the small purchase size here and the stock's proximity to 52-week lows warrant observation of whether this reflects material conviction or routine portfolio activity.