Form 4: United Security Bancshares Director Acquires and Disposes of Common Stock
SEC Form 4
G Thompson Ellithorpe, a director of United Security Bancshares, recently engaged in transactions involving the acquisition and disposal of common stock.
Summary
- On February 27, 2024, G Thompson Ellithorpe, a director of United Security Bancshares, acquired 2,842 shares of common stock.
- On the same day, Ellithorpe disposed of 79,221 shares of common stock held indirectly as a trustee.
- Following these transactions, Ellithorpe directly owns 87,595 shares of common stock.
- Ellithorpe also indirectly owns 79,221 shares as trustee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of a company insider's stock transactions, which is a common practice in the financial industry to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of common stock acquisition and disposal |
| 02/29/2024 | Date of signature |
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