Form 4: Director Bazante Transfers UCB Shares to Family Trust

United Community Banks Director Jennifer M. Bazante transferred 1,916 shares of common stock to a family trust, maintaining beneficial ownership.

Summary

• Jennifer M. Bazante, a Director of United Community Banks, Inc. (UCB), reported a change in beneficial ownership.
• On January 28, 2026, 1,916 shares of UCB common stock were transferred.
• The transfer moved shares from direct ownership to the Jennifer Mumby Bazante Revocable Trust dated August 26, 2021.
• The transaction was coded 'G', indicating a gift or grant, with a price of $0 per share.
• Following the transaction, Bazante directly owns 4,996 shares and indirectly owns 6,020 shares through the trust.
• Bazante serves as the trustee of the family trust, and she and her immediate family members are the sole beneficiaries.

Sentiment

Score: 5

Explanation: Neutral. The filing reports an internal transfer of shares by a director to a family trust, which is a routine estate planning event and does not indicate a change in the director's overall beneficial ownership or a market transaction.

Positives

• The transaction represents an internal re-allocation of shares within the director's control, not a sale to the open market, indicating continued long-term interest in the company.
• Beneficial ownership of the shares remains with the director and her immediate family, demonstrating ongoing alignment with shareholder interests.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Management Comments

• On January 28, 2026, the Reporting Person transferred 1,916 shares of Issuer's common stock directly held by the Reporting Person to a family trust of which the Reporting Person is trustee. The Reporting Person and immediate family members are the sole beneficiaries of the trust.

Industry Context

This type of insider transaction, involving the transfer of shares to a family trust, is a common practice for estate planning among corporate directors and executives. It generally does not reflect a change in the director's confidence in the company's performance or broader industry trends, but rather a personal asset management decision.

Related Party Transactions

• Jennifer M. Bazante, a director, transferred 1,916 shares of common stock to the Jennifer Mumby Bazante Revocable Trust, of which she is the trustee and she and her immediate family are the sole beneficiaries. This constitutes a transaction between a reporting person and an entity closely related to them.

Stakeholder Impact

• Shareholders: Minimal direct impact as the transaction is an internal transfer and does not alter the director's overall beneficial ownership or market exposure. It confirms continued insider holding.

Key Dates

Recommendation

The Form 4 filing details an internal transfer of shares by a director to a family trust for estate planning purposes. This transaction does not represent a sale or purchase on the open market and does not alter the director's overall beneficial ownership in the company. As such, it provides no new information that would fundamentally change the investment thesis for United Community Banks, Inc., warranting a 'hold' recommendation based solely on this filing.

Keywords

United Community Banks, UCB, Jennifer M. Bazante, Form 4, Insider Transaction, Beneficial Ownership, Stock Transfer, Family Trust, Director