SC 13G: FIRST UNITED CORP/MD/

AI Summary

SC 13G filing by FIRST UNITED CORP/MD/.

Risk Assessment

Risk Level: low

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Titles of Class of Securit

Filing Documents

• func-sc13g_093024.htm (SC 13G) — 158KB
• 0001839882-24-039082.txt ( ) — 159KB

From the Filing

SC 13G 1 func-sc13g_093024.htm SCHEDULE TO REPORT BENEFICIAL OWNERSHIP UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Amendment No.)* Under the Securities Exchange Act of 1934 FIRST UNITED CORPORATION (Name of Issuer) Common Stock, par value $0.01 per share (Titles of Class of Securities) 33741H107 (CUSIP Number) September 30, 2024 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out of a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ). CUSIP No. 33741H107 13G Page 2 of 11 1 NAME OF REPORTING PERSON Fourthstone LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER - 0 - 6 SHARED VOTING POWER 441,143 7 SOLE DISPOSITIVE POWER - 0 - 8 SHARED DISPOSITIVE POWER 441,143 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 441,143 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.82% (1) 12 TYPE OF REPORTING PERSON IA (1) Based on 6,465,601 shares of Common Stock (as defined below) of the Issuer (as defined below) outstanding as of July 31, 2024, based on the Issuer’s Form 10-Q filed with the SEC on August 7, 2024. Fourthstone LLC acquired the Issuer’s shares in the ordinary course of business as a registered investment adviser and not with the purpose nor with the effect of changing or influencing the control of the Issuer. CUSIP No. 33741H107 13G Page 3 of 11 1 NAME OF REPORTING PERSON Fourthstone Master Opportunity Fund Ltd 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER - 0 - 6 SHARED VOTING POWER 334,296 7 SOLE DISPOSITIVE POWER - 0 - 8 SHARED DISPOSITIVE POWER 334,296 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 334,296 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.17% (2) 12 TYPE OF REPORTING PERSON OO (2) Based on 6,465,601 shares of Common Stock (as defined below) of the Issuer (as defined below) outstanding as of July 31, 2024, based on the Issuer’s Form 10-Q filed with the SEC on August 7, 2024. CUSIP No. 33741H107 13G Page 4 of 11 1 NAME OF REPORTING PERSON Fourthstone GP LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER - 0 - 6 SHARED VOTING POWER 106,847 7 SOLE DISPOSITIVE POWER - 0 - 8 SHARED DISPOSITIVE POWER 106,847 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 106,847 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.65% (3) 12 TYPE OF REPORTING PERSON OO (3) Based on 6,465,601 shares of Common Stock (as defined below) of the Issuer (as defined below) outstanding as of July 31, 2024, based on the Issuer’s Form 10-Q filed with the SEC on August 7, 2024. Fourthstone GP LLC is the general partner of and may be deemed to beneficially own securities owned by Fourthstone QP Opportunity Fund LP and Fourthstone Small-Cap Financials Fund LP. CUSIP No. 33741H107 13G Page 5 of 11 1 NAME OF REPORTING PERSON Fourthstone QP Opportunity Fund LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER - 0 - 6 SHARED VOTING POWER 102,617 7 SOLE DISPOSITIVE POWER - 0 - 8 SHARED DISPOSITIVE POWER 102,617 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 102,617 10 CHECK BOX IF THE AGGREGATE AMOUNT IN

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