BlackRock (FUNC) reports 4.99% ownership of First United Corp common stock

Rhea-AI Filing Summary

BlackRock, Inc. files Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership of 324,758 shares of First United Corp Common Stock. The filing states this equals 4.99% of the class, with 319,470 shares of sole voting power and 324,758 shares of sole dispositive power. The signature is dated 04/27/2026.

Insights

Institutional Ownership Specialist

BlackRock reports a sub-5% passive stake in First United Corp.

The Schedule 13G/A amendment lists 324,758 shares beneficially owned, equal to 4.99% of the class. The filing shows BlackRock units hold sole voting and dispositive power for most of the shares reported.

Because the stake is below 5%, it is characterized as passive under Section 13; subsequent filings would be required only if ownership crosses the 5% threshold or voting/dispositive arrangements change.

Compliance & Governance Analyst

Amendment clarifies reporting aggregation across BlackRock business units.

The cover text cites SEC Release No. 34-39538 and explains the ownership reflects aggregated Reporting Business Units of BlackRock, Inc. The exhibit references suggest a Power of Attorney and subsidiary identification are appended.

Governance watchers should note the filing type and the sole voting/dispositive figures; any future changes in percentage or voting power would trigger different disclosure obligations.

Key Figures

Shares beneficially owned: 324,758 shares Percent of class: 4.99% Sole voting power: 319,470 shares +2 more

5 metrics

Shares beneficially owned 324,758 shares reported on Schedule 13G/A Amendment No.1

Percent of class 4.99% percent of First United Corp common stock

Sole voting power 319,470 shares shares with sole power to vote

Sole dispositive power 324,758 shares shares with sole power to dispose

Signature date 04/27/2026 date the amendment was signed

Key Terms

Schedule 13G/A, Beneficial ownership, Sole dispositive power, Reporting Business Units

4 terms

Schedule 13G/A regulatory

"Amendment No. 1 and cover text referencing aggregated Reporting Business Units"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership financial

"Ownership (a) Amount beneficially owned: 324758 (b) Percent of class: 4.99 %"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 324758"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Reporting Business Units other

"reflects securities beneficially owned by certain business units (the "Reporting Business Units")"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

FIRST UNITED CORP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

33741H107

(CUSIP Number)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 33741H107

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(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 319,470.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 324,758.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

324,758.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.99 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FIRST UNITED CORP
(b)	Address of issuer's principal executive offices: 19 South Second Street Oakland MD 21550
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 33741H107
Item 4.	Ownership
(a)	Amount beneficially owned: 324758
(b)	Percent of class: 4.99 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 319470
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 324758
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of FIRST UNITED CORP. No one person's interest in the common stock of FIRST UNITED CORP is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	04/27/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

What stake does BlackRock report in First United Corp (FUNC)?

BlackRock reports beneficial ownership of 324,758 shares, equal to 4.99%. The Schedule 13G/A amendment states 319,470 shares are under sole voting power and 324,758 shares under sole dispositive power, signed on 04/27/2026.

Does this Schedule 13G/A indicate BlackRock controls First United Corp?

No control is indicated; the filing reports a passive stake below 5%. The form classifies ownership as 4.99% and references aggregation across Reporting Business Units under SEC Release No. 34-39538.

What does sole dispositive power mean in this filing?

Sole dispositive power means the filer can direct sale or transfer of shares. The Schedule 13G/A shows BlackRock reports sole dispositive power for 324,758 shares of First United Corp common stock.

Will this require different SEC reporting soon?

Only if ownership exceeds 5% or status changes would different filings be required. The Schedule 13G/A shows 4.99%; crossing the 5% threshold or changing from passive to active ownership would trigger additional disclosure obligations.