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 June 30, 2024: ​ ​ ​ ​ ​ ​ 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) ​ ​ ​ ​ ​ 742,902 April 2024 — $ — — 742,902 May 2024 201,800 ​ 19.99 201,800 541,102 June 2024 ​ ​ — — 541,102 Total 201,800 $ 19.99 201,800 541,102 ​ ​ Note: (1) All shares were purchased in open-market transactions pursuant to First United Corporation’s stock repurchase program that was effective on August 18, 2023. The program authorizes the repurchase of up to 825,000 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 Chairman and Chief Executive Officer of First United Corporation determines to be appropriate. The program was publicly announced on August 21, 2023. Item 3. Defaults upon Senior Securities None. Item 4. Mine Safety Disclosures Not Applicable.