Form 4: UWHARRIE CAPITAL CEO Plans Future Stock Purchase

Uwharrie Capital Corp's President/CEO, Roger L. Dick, has reported a planned acquisition of 889 shares of common stock at approximately $10.95, effective December 31, 2025, under a Rule 10b5-1 plan.

Summary

• Roger L. Dick, President/CEO and a 10% owner of Uwharrie Capital Corp (UWHR), reported planned transactions to acquire common stock.
• The transactions are scheduled to occur on December 31, 2025, and were filed with the SEC on January 2, 2026.
• Dick plans to acquire 489 shares at a price of $10.9499 per share and an additional 400 shares at $10.95 per share, totaling 889 shares.
• These acquisitions are being made pursuant to a Rule 10b5-1 trading plan, which allows insiders to set up a pre-arranged plan to buy or sell securities.
• Following these planned transactions, Dick's direct beneficial ownership will be 3,651 shares.
• His indirect beneficial ownership includes 92,105 shares held in a Uwharrie Capital Corp Employee 401K and 9,516 shares held in an IRA.
• The total beneficial ownership for Roger L. Dick after these planned transactions will be 105,272 shares.

Sentiment

Score: 8

Explanation: The planned insider purchase by the CEO, formalized under a 10b5-1 plan, indicates strong management confidence in the company's future, which is a positive signal for investors.

Positives

• The planned acquisition of 889 shares by the President/CEO signals management's confidence in the company's future prospects and valuation.
• The transactions are part of a Rule 10b5-1 plan, indicating a pre-planned and structured investment strategy by an insider.

Future Outlook

The filing indicates a pre-planned future acquisition of company stock by the CEO, suggesting a positive long-term outlook from management, formalized through a Rule 10b5-1 trading plan.

Industry Context

Insider buying, especially by a CEO, is often interpreted by the market as a strong signal of confidence in the company's future performance and valuation, potentially indicating that management believes the stock is undervalued or has significant growth potential. The use of a 10b5-1 plan adds a layer of pre-planning to this signal.

Related Party Transactions

• Roger L. Dick, President/CEO and 10% owner, is planning to acquire 889 shares of Uwharrie Capital Corp common stock from the open market, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders may view the CEO's planned stock purchase as a positive indicator of future company performance and management alignment with shareholder interests.
• Employees may perceive this as a sign of stability and confidence from leadership.

Key Dates

Recommendation

The planned purchase of company stock by the President/CEO, Roger L. Dick, is a strong vote of confidence in Uwharrie Capital Corp's future. Insider buying, especially from top executives, often suggests that management believes the stock is undervalued or expects significant positive developments. This action, formalized under a 10b5-1 plan, indicates a deliberate investment strategy and aligns management's interests with those of shareholders, making it a compelling signal for a 'buy' recommendation.

Keywords

Uwharrie Capital Corp, UWHR, Roger L. Dick, Insider Trading, Stock Purchase, CEO, Form 4, 10b5-1 Plan, Common Stock