Form 4: CEO Dennis Woods Acquires UBFO Shares

UNITED SECURITY BANCSHARES CEO Dennis R. Woods reported an acquisition of 9,920 shares of common stock, increasing his indirect beneficial ownership to 956,655 shares.

Summary

• Dennis R. Woods, CEO and Director of UNITED SECURITY BANCSHARES (UBFO), acquired 9,920 shares of common stock.
• The transaction occurred on January 27, 2026, and was made at a price of $0 per share, indicating a grant or award rather than an open market purchase.
• Following this transaction, Mr. Woods' indirect beneficial ownership of common stock, held through trustees, increased to 956,655 shares.
• The transaction was made pursuant to a Rule 10b5-1 plan, which allows insiders to set up a pre-arranged plan for buying or selling securities.

Sentiment

Score: 7

Explanation: The acquisition of shares by the CEO, even if a grant, is generally a positive signal as it increases management's alignment with shareholder interests and indicates confidence in the company's value.

Positives

• The CEO's acquisition of 9,920 shares, even if a grant, increases his beneficial ownership and aligns his interests further with shareholders.
• The transaction was conducted under a Rule 10b5-1 plan, indicating a pre-planned and structured approach to share acquisition.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the details of the reported transaction.

Industry Context

Insider transactions, such as this acquisition by a CEO, are common in the financial services industry. They are closely watched by investors as they can signal management's confidence in the company's future prospects. Acquisitions, even through grants, are generally viewed more favorably than sales.

Related Party Transactions

• The transaction involves an acquisition of shares by the CEO, Dennis R. Woods, from the issuer, UNITED SECURITY BANCSHARES, which is a related party transaction.

Stakeholder Impact

• Shareholders may view the CEO's increased beneficial ownership as a positive indicator of management's commitment and belief in the company's long-term success.

Key Dates

Keywords

UNITED SECURITY BANCSHARES, UBFO, Dennis R. Woods, Insider Trading, Form 4, Stock Acquisition, CEO, Director, Common Stock, Beneficial Ownership, Rule 10b5-1