Form 4: United Community Banks Director Transfers Shares to Family Trust

Thomas A. Richlovsky, a Director at United Community Banks Inc. (UCB), has transferred 2,413 shares of common stock from his direct holdings to a family trust, maintaining beneficial ownership.

Summary

• On May 27, 2025, Thomas A. Richlovsky, a Director of United Community Banks Inc. (UCB), executed a transaction involving 2,413 shares of the company's common stock.
• The transaction involved the disposition of 2,413 shares directly held by Mr. Richlovsky.
• Concurrently, 2,413 shares were acquired indirectly by the Thomas A. Richlovsky Trust DTD 9/24/98, for which Mr. Richlovsky serves as trustee.
• The transfer was made at a price of $0 per share, indicating an intra-family transfer or gift rather than a market sale.
• Following the transaction, Mr. Richlovsky directly holds 2,526 shares and indirectly holds 35,529 shares through the aforementioned trust.
• The reporting person and immediate family members are the sole beneficiaries of the trust, meaning the beneficial ownership remains within the family.

Sentiment

Score: 5

Explanation: The transaction is a neutral internal transfer of shares to a family trust, not a market sale or purchase, and therefore has no direct positive or negative implications for the company's operations or financial health.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Management Comments

• The Reporting Person transferred 2,413 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 specific filing, a Form 4, reports an individual insider transaction and does not provide broader industry context or trends. It reflects a personal asset management decision by a director rather than a corporate strategic move.

Related Party Transactions

• The transfer of 2,413 shares of common stock from the Reporting Person's direct holdings to a family trust, where the Reporting Person is trustee and he and immediate family members are the sole beneficiaries, constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Minimal direct impact as the beneficial ownership of the shares remains within the director's family, and no shares were sold on the open market.
• Employees, Customers, Suppliers, Creditors: No discernible impact from this internal share transfer.

Key Dates

Keywords

SEC Form 4, Insider Transaction, Beneficial Ownership, United Community Banks, UCB, Thomas A. Richlovsky, Share Transfer, Family Trust, Director Holdings