PEOPLES BANCORP (PEBK) Director Robert Abernethy Sells 7,000 Shares

What Happened
Robert C. Abernethy, a director of PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK), disposed of 7,000 shares on September 2, 2026. The reported (average) price was $43.61 per share, for total proceeds of approximately $305,270. This transaction was a sale (disposition), not a purchase.

Key Details

• Transaction date: 2026-09-02
• Price: $43.61 per share (footnote F1 indicates this is an average price)
• Shares sold: 7,000; Gross proceeds: ~$305,270
• Transaction type: Reported as "open market or private sale" (Form 4 description); filing does not specify which
• Shares owned after transaction: Not specified in the filing
• Footnotes: F1 — Average Price
• Timeliness: Filed on 2026-09-02 (period of report 2026-09-02), so the Form 4 appears timely

Context
Sales by corporate insiders (including directors) can be routine and for many reasons (taxes, diversification, personal liquidity) and do not by themselves prove a change in company outlook. Retail investors should view this single sale alongside other insider activity and company fundamentals before drawing conclusions.