Form 4: United Security Bancshares Director Jagroop Gill Reports Transaction

Director Jagroop Gill reports the purchase of common stock and a transfer of shares.

Summary

• On May 17, 2024, Jagroop Gill, a director of United Security Bancshares, acquired 1,090 shares of common stock at a price of $7.25 per share.
• Following this transaction, Mr. Gill indirectly owns 1,061,412 shares through a trust.
• On May 20, 2024, Mr. Gill transferred 2,734 shares of common stock from a trust to a direct holding.
• The filing indicates that the purchase on May 17, 2024, was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by a company director. There's no indication of positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) trade in the company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider trading activity.

Key Dates