Form 4: FUSB CFO Exercises Options, Adjusts Holdings

FIRST US BANCSHARES, INC. CFO Thomas S. Elley exercised stock options and disposed of shares for tax withholding, resulting in a net change in direct beneficial ownership.

Summary

• Thomas S. Elley, SEVP, CFO, Treasurer, and Assistant Secretary of FIRST US BANCSHARES, INC. (FUSB), engaged in insider transactions on November 13, 2025.
• Elley exercised options to acquire 6,100 shares of Common Stock, $.01 par value, at an exercise price of $8.3 per share.
• These options were granted on February 24, 2016, and vested in equal installments over three years, with an expiration date of February 24, 2026.
• Concurrently, Elley disposed of 4,363 shares of Common Stock at a price of $13.9 per share to cover tax liabilities associated with the option exercise.
• Following these transactions, Elley directly beneficially owns 32,700 shares of FIRST US BANCSHARES, INC. Common Stock.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (option exercise and tax-related disposition) which are neutral in sentiment. It reflects standard equity compensation activity rather than a significant positive or negative signal about the company's prospects.

Positives

• The exercise of options indicates management's continued engagement with the company's equity incentive plans.
• The exercise price of $8.3 is significantly lower than the $13.9 price at which shares were disposed for tax, indicating a gain for the insider.

Negatives

• A portion of the acquired shares (4,363 out of 6,100) was immediately disposed of to cover tax obligations, reducing the net increase in direct beneficial ownership.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The reported transactions involve an executive (Thomas S. Elley) of FIRST US BANCSHARES, INC. exercising stock options and disposing of shares, which are considered related party transactions under SEC rules.

Stakeholder Impact

• Shareholders: The transactions represent a routine adjustment in an executive's equity holdings, with minimal direct impact on other shareholders. It reflects the ongoing operation of the company's equity compensation plan.

Key Dates

Keywords

FIRST US BANCSHARES, FUSB, Thomas S. Elley, CFO, Insider Trading, Stock Options, Option Exercise, Share Disposition, Beneficial Ownership, SEC Form 4, Financial Services, Banking