Form 4: United Security Bancshares SVP Acquires Shares
SEC Form 4 Filing
David A. Kinross, SVP & Chief Financial Officer of United Security Bancshares, reports acquiring 5,949 shares of common stock on January 28, 2025.
Summary
- David A. Kinross, the SVP & Chief Financial Officer of United Security Bancshares (UBFO), filed a Form 4.
- The filing indicates that Mr. Kinross acquired 5,949 shares of common stock on January 28, 2025.
- The acquisition price was $0 per share.
- Following the transaction, Mr. Kinross beneficially owns 118,597 shares of United Security Bancshares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing. The acquisition itself could be seen as slightly positive, but without more context, it's difficult to assess the overall impact.
Positives
- The acquisition of shares by a high-ranking officer could be interpreted as a positive signal about the company's prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Date of transaction: Acquisition of 5,949 shares of common stock. |
| 01/30/2025 | Date of signature on the Form 4 filing. |
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