Form 4 Filing for Joel R. Shephard

This filing details a transaction by Joel R. Shephard, a director at Atlantic Union Bankshares Corp, on July 1, 2026. Shephard acquired 473 shares of Phantom Stock, with each share equivalent to one share of common stock. The acquisition price was based on the market closing price on the last trading day before the transaction date, valued at $42.31 per share. This transaction increased Shephard's post-transaction holdings to 4038.958 shares of Phantom Stock. The Phantom Stock can be settled in cash or common stock at the time elected by Shephard, subject to his deferred compensation election. If installments were elected, payments are made in cash only. The filing was signed by Rachael R. Lape as Attorney-in-Fact.