Form 4: United Security Bancshares Director Jagroop Gill Reports Stock Purchase
SEC Form 4 Filing
Director Jagroop Gill of United Security Bancshares reports purchasing shares of common stock and a transfer of shares held in trust.
Summary
- On March 14, 2024, Jagroop Gill, a director of United Security Bancshares, reported a transaction involving the company's common stock.
- Gill purchased 18 shares at a price of $7.5 per share.
- Additionally, there was a transfer of 2,734 shares from a trust, with the price listed as $0.
- Following these transactions, Gill directly owns 2,734 shares and indirectly owns 1,050,275 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The stock purchase may have a minor positive impact on shareholder confidence, as it signals that a director is investing in the company.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of stock purchase and trust transfer. |
| 03/15/2024 | Date of signature on the report. |
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