FIRST UNITED CORP/MD/ 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds The following table summarizes stock repurchases for the three-months ended June 30, 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) ​ ​ ​ ​ ​ 939,400 April 2026 — $ — — 939,400 May 2026 10,000 ​ 36.99 10,000 929,400 June 2026 — ​ — — 929,400 Total 10,000 $ 36.99 10,000 929,400 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 through July 26, 2027. 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.