Form 4: UBFO Director Ellithorpe Boosts Stake with Share Compensation

United Security Bancshares Director G Thompson Ellithorpe acquired 2,804 shares of common stock on October 28, 2025, as compensation for director fees.

Summary

• G Thompson Ellithorpe, a Director of United Security Bancshares (UBFO), acquired 2,804 shares of common stock.
• The transaction occurred on October 28, 2025.
• These shares were acquired as compensation for director fees, with a reported price of $0 per share.
• Following this transaction, Ellithorpe indirectly beneficially owns 98,420 shares of common stock as a Trustee.

Sentiment

Score: 6

Explanation: Slightly positive as a director is increasing their stake, aligning interests with shareholders, even if it's through compensation rather than an open market purchase.

Positives

• A Director increasing their beneficial ownership, even through compensation, can signal confidence in the company's future.
• The use of stock as compensation aligns the interests of the director with those of the shareholders.

Negatives

• No direct negatives are apparent from this routine compensation filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Industry Context

This transaction represents a routine insider filing, common across the banking industry where directors often receive a portion of their compensation in company stock to align their interests with shareholders.

Related Party Transactions

• G Thompson Ellithorpe, a Director, received 2,804 shares of common stock as compensation for director fees, which is a transaction between the company and a related party.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of director's interests with shareholder value through stock ownership.

Key Dates

Keywords

United Security Bancshares, UBFO, G Thompson Ellithorpe, Director Compensation, Insider Trading, Stock Acquisition, Form 4, Common Stock