FIRST UNITED CORP/MD/ 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds The following tables summarizes stock repurchases for the three-months ended March 31, 2026: ​ ​ ​ ​ ​ ​ Issuer Purchases of Equity Securities Period Total Number of Shares (or Units) Purchased ​ Average Price Paid per Share (or Unit) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs (1) ​ ​ ​ ​ ​ 1,000,000 January 2026 — $ — — 1,000,000 February 2026 1,600 ​ 35.50 1,600 998,400 March 2026 59,000 ​ 35.83 59,000 939,400 Total 60,600 $ 35.82 60,600 939,400 Note: (1) All shares were purchased in open-market transactions pursuant to First United Corporation’s stock repurchase program that was effective on January 26, 2026. The program authorizes the repurchase of up to 1,000,000 shares of common stock of First United Corporation. The program authorizes the repurchases to be conducted through open market or private transactions at such times, in such amounts, and, within certain limits, at such prices per transaction as the President and Chief Executive Officer of First United Corporation determines to be appropriate. The program was publicly announced on January 27, 2026. Item 3. Defaults upon Senior Securities None. Item 4. Mine Safety Disclosures Not Applicable.