Form 4: United Security Bancshares Director Gill Acquires Shares
SEC Form 4 Filing
Director Jagroop Gill reports the acquisition of United Security Bancshares common stock and a transfer within a trust.
Summary
- On March 12, 2024, Jagroop Gill, a director of United Security Bancshares, acquired 35 shares of common stock at a price of $7.5 per share.
- Following this transaction, Gill indirectly owns 1,050,257 shares through a trust.
- Gill also reported a transfer of 2,734 shares from a trust to direct ownership.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by a company director. There's no inherent positive or negative implication.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This allows investors to monitor the actions of directors and officers, which can provide insights into their confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of stock acquisition and trust transfer |
| 03/14/2024 | Date of signature on the Form 4 filing |
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