ABERNETHY JAMES S 4

What Happened
James S. Abernethy, a director of PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK), acquired 6,600 shares on 2025-08-08 through an inheritance/estate distribution (transaction code W). No purchase price is reported (N/A) because the shares were received from the estate; the filing lists no total dollar value for the transfer.

Key Details

• Transaction date: 2025-08-08 (reported on Form 4 filed 2026-02-06, accession 0001654954-26-000991)
• Transaction type/code: Acquisition by will/inheritance (W)
• Shares acquired: 6,600; price: N/A (estate distribution)
• Shares owned after transaction: Not disclosed in the Form 4 provided
• Footnote: F1 — shares were received upon distribution from the Estate of the late Christine S. Abernethy
• Timeliness: The Form 4 was filed about six months after the reported transfer (late filing); late filings do not change ownership but can draw regulatory attention

Context
Inherited shares are a non-market transfer and do not necessarily indicate the insider’s view of the company’s prospects. For retail investors, purchases by insiders are typically more informative than transfers by inheritance; this filing documents a change in beneficial ownership but not an active buy or sell decision by the director.