4/A: Insider Ownership Update: NWPP Director Transfers Shares

Blaine Scott White, a Director and 10% Owner of New Peoples Bankshares Inc., reported transfers of common stock to family trusts and an adult child, alongside a distribution from an LLC.

Summary

• Blaine Scott White, a Director and 10% Owner of New Peoples Bankshares Inc. (NWPP), filed an amendment to report changes in beneficial ownership.
• On September 9, 2025, Mr. White transferred a total of 29,500 shares of common stock (5,900 shares to each of four grandchildren's trusts and 5,900 shares to an adult child).
• On the same date, Mr. White's spouse also transferred 29,500 shares of common stock to the same trusts and adult child.
• On September 10, 2025, Sky Investments LLC distributed 200,000 shares to its shareholders, with Mr. White receiving 10,000 shares from this distribution.
• Following these transactions, Mr. White directly beneficially owns 1,101,480 shares of common stock.
• Indirect beneficial ownership includes 250,717, 156,637, 9,056, 165,698, 165,699, 165,698, and 165,698 shares held as Trustee.
• Indirect beneficial ownership also includes 1,255,247 shares by Sky Investments LLC, 136,060 shares by spouse, and 2,061,666 shares by SBTB, L.P.

Sentiment

Score: 5

Explanation: Neutral. The filing reports planned transfers of shares for estate planning purposes and a distribution from an LLC, which are routine insider ownership disclosures and do not reflect positively or negatively on company performance or future prospects.

Positives

• The transactions primarily involve transfers to family members and trusts, indicating long-term estate planning rather than a sale on the open market.
• Mr. White received 10,000 shares from a distribution by Sky Investments LLC, increasing his direct holdings by that amount.

Negatives

• Mr. White directly transferred 29,500 shares, reducing his direct beneficial ownership.
• His spouse also transferred 29,500 shares, reducing indirect beneficial ownership attributed to Mr. White.
• Sky Investments LLC distributed 200,000 shares, reducing its overall holdings, though Mr. White received a portion.

Related Party Transactions

• Transfers of shares to family trusts and an adult child.
• Distribution of shares from Sky Investments LLC, where the filer is a shareholder.

Stakeholder Impact

• Shareholders: Minor change in the distribution of shares among insiders; no direct impact on public float or market liquidity from these specific transactions.
• Company: No direct operational or financial impact.

Key Dates

Recommendation

The Form 4/A details routine insider ownership changes, primarily involving transfers for estate planning and a distribution from an LLC. These transactions do not reflect on the operational performance or future prospects of New Peoples Bankshares Inc. and therefore do not warrant a change in investment recommendation based solely on this filing.

Keywords

NEW PEOPLES BANKSHARES INC, NWPP, Form 4/A, Beneficial Ownership, Insider Trading, Stock Transfer, Director, 10% Owner, Estate Planning