Form 4: First US Bancshares Director Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Director John C. Gordon exercised stock options and disposed of shares of First US Bancshares, Inc. on May 2, 2024.
Summary
- On May 2, 2024, John C. Gordon, a director of First US Bancshares, Inc., exercised stock options to acquire 1,500 shares of common stock at a price of $8.10 per share.
- On the same day, Gordon disposed of 1,162 shares to cover tax obligations at a price of $10.45.
- Following these transactions, Gordon directly owns 158,629 shares of First US Bancshares, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 08/01/2014 | Date stock options were exercisable |
| 07/31/2024 | Expiration date of stock options |
| 05/02/2024 | Date of transaction: stock option exercise and share disposal |
| 05/06/2024 | Date of Form 4 filing |
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