Form 4: United Security Bancshares Director Gill Jagroop Increases Stake with $7.96 Purchase
SEC Form 4 Filing
Director Gill Jagroop increased their indirect holdings in United Security Bancshares by purchasing 140,384 shares at $7.96 on July 24, 2024.
Summary
- On July 24, 2024, Gill Jagroop, a director of United Security Bancshares, acquired 140,384 shares of common stock.
- The purchase price was $7.96 per share.
- Following the transaction, Gill Jagroop indirectly owns 1,220,051 shares of United Security Bancshares.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director increasing their stake suggests confidence, but it's a routine transaction.
Positives
- A director's purchase of shares can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company directors and officers, which can be informative for investors.
Stakeholder Impact
- The increased stake of a director could positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 07/24/2024 | Date of the transaction: Gill Jagroop purchased 140,384 shares of common stock. |
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