Director James S. Abernethy of Peoples Bancorp of North Carolina Inc filed a Form 144 notice of proposed sale on October 28, 2026, disclosing his intent to sell 1,000 shares of common stock on Nasdaq through Wells Fargo Clearing Services.

Key Highlights

  • Proposed sale: 1,000 shares of common stock with an aggregate market value of $43,130.64, according to the filing.
  • Shares inherited: The 1,000 shares were acquired on November 30, 2020, by inheritance from Christine S. Abernethy, the filing states.
  • Approximate sale date: October 28, 2026, through Wells Fargo Clearing Services, 1 N. Jefferson Ave., St. Louis, MO 63103.
  • Total shares outstanding: 5,461,490 shares of common stock were listed as outstanding in the filing.
  • Prior three-month sales: The filing discloses sales of 4,500 combined shares by James Abernethy and Adrian Abernethy between July 28, 2026, and September 2, 2026, totaling gross proceeds of $169,962.80.
  • Filer relationship: James S. Abernethy is identified as a Director of Peoples Bancorp of North Carolina Inc in the filing.

Abernethy Form 144 Details: Inherited Shares and Prior Sales at Peoples Bancorp of North Carolina

According to the Form 144 filing dated October 28, 2026, Director James S. Abernethy notified the SEC of a proposed sale of 1,000 shares of Peoples Bancorp of North Carolina Inc (NASDAQ:PEBK) common stock. The filing lists an aggregate market value of $43,130.64 for the shares proposed to be sold. The broker named in the filing is Wells Fargo Clearing Services, located at 1 N. Jefferson Ave., St. Louis, MO 63103.

The filing discloses that the 1,000 shares subject to the proposed sale were acquired on November 30, 2020, through inheritance from Christine S. Abernethy, with a payment nature listed as "n/a." The issuer, Peoples Bancorp of North Carolina Inc, is located at 518 West C Street, PO Box 467, Newton, North Carolina 28658-4007, and has a SEC file number of 000-27205.

Under the past three months' sales section, the filing identifies sales by two individuals aggregated for Rule 144 purposes. James Abernethy is listed as having sold 1,000 shares on July 28, 2026, for gross proceeds of $42,236.67; 1,000 shares on July 30, 2026, for $42,252.22; and 1,000 shares on August 27, 2026, for $42,790.12. Adrian Abernethy is listed as having sold 500 shares on July 29, 2026, for $21,256.24, and 500 shares on September 2, 2026, for $21,427.55. The combined gross proceeds from these five transactions total $169,962.80, per the filing.

What Was Disclosed

James S. Abernethy, a director of Peoples Bancorp of North Carolina Inc, filed a Form 144 proposing to sell 1,000 inherited shares of PEBK common stock with an aggregate market value of $43,130.64, and disclosed prior aggregated sales of 4,500 shares over the past three months.