Director James S. Abernethy of Peoples Bancorp of North Carolina Inc. filed a Form 144 notice of proposed sale on October 29, 2026, covering 600 shares of common stock with an aggregate market value of $25,958.46.

Key Highlights

  • Proposed sale: 600 shares of common stock with an aggregate market value of $25,958.46, to be sold through Wells Fargo Clearing Services.
  • Acquisition source: The 600 shares were inherited from Christine Abernethy on November 30, 2020.
  • Approximate sale date: October 29, 2026, on Nasdaq.
  • Shares outstanding: According to the filing, 5,461,490 shares of common stock were outstanding at the time of notice.
  • Recent prior sales by James S. Abernethy: 1,000 shares on October 28, 2026 (gross proceeds $43,130.64); 1,000 shares on August 27, 2026 (gross proceeds $42,790.12); and 1,000 shares on July 30, 2026 (gross proceeds $42,252.22).
  • Associated party sales: The filing notes that Adrian A. Abernethy, identified as the son of James S. Abernethy, sold 500 shares on September 2, 2026 (gross proceeds $21,427.55) and 500 shares on July 29, 2026 (gross proceeds $21,256.24).

Abernethy Proposes Inherited Share Sale at Peoples Bancorp of North Carolina

James S. Abernethy, a director of Peoples Bancorp of North Carolina Inc. (NASDAQ:PEBK), submitted a Form 144 notice dated October 29, 2026, disclosing a proposed sale of 600 shares of the company's common stock. According to the filing, the shares carry an aggregate market value of $25,958.46 and are to be sold through Wells Fargo Clearing Services, located at 1 North Jefferson Avenue, St. Louis, Missouri.

The filing states that the 600 shares to be sold were acquired by inheritance from Christine Abernethy on November 30, 2020, with a date of payment listed as November 30, 2020, and the nature of payment recorded as "N/A." The notice also includes a remark that "shares were sold for the account of Adrian A. Abernethy, son of James S. Abernethy," which the filing associates with certain prior-period transactions reported in the three-month sales history.

The three-month sales history disclosed in the filing shows James S. Abernethy sold 1,000 shares on October 28, 2026 for gross proceeds of $43,130.64; 1,000 shares on August 27, 2026 for $42,790.12; and 1,000 shares on July 30, 2026 for $42,252.22. In addition, the filing lists sales attributed to Adrian A. Abernethy of 500 shares on September 2, 2026 for $21,427.55 and 500 shares on July 29, 2026 for $21,256.24, consistent with the aggregation requirements noted in the form.

What Was Disclosed

A Form 144 notice was filed by Peoples Bancorp of North Carolina Inc. director James S. Abernethy on October 29, 2026, covering a proposed sale of 600 inherited shares of common stock with an aggregate market value of $25,958.46, along with a three-month sales history for himself and an associated party.