SCHEDULE: Patriot Financial Group Trims USCB Holdings Stake

Patriot Financial Group II and its affiliates reported a slight reduction in their beneficial ownership of USCB Financial Holdings, Inc. Class A Common Stock, now holding 10.3%.

Summary

• Patriot Financial Group II and its affiliates collectively own 1,867,786 shares of USCB Financial Holdings, Inc. Class A Common Stock, representing 10.3% of the outstanding shares.
• This beneficial ownership includes 1,662,420 shares (9.2%) held by Patriot Financial Partners II, L.P. and 193,866 shares (1.1%) by Patriot Financial Partners Parallel II, L.P.
• W. Kirk Wycoff, a key individual, beneficially owns 1,867,786 shares, which includes 11,500 shares from director options.
• The reporting group sold a total of 179,623 shares of Class A Common Stock in the open market between November 24, 2025, and December 11, 2025.
• Sales occurred at weighted average prices ranging from $17.75 to $18.68 per share.
• The percentage of outstanding shares is calculated based on 18,110,385 shares outstanding as of October 31, 2025, according to the Company's Quarterly Report on Form 10Q.

Sentiment

Score: 6

Explanation: The filing indicates a slight reduction in a significant institutional investor's stake, which is a minor negative. However, the investor still holds a substantial position, and the sales occurred at favorable prices, suggesting a neutral to slightly positive sentiment regarding the company's valuation at the time of sale.

Positives

• The reporting group maintains a significant ownership stake of 10.3%, indicating continued interest in the company.
• Shares were sold at prices ranging from $17.75 to $18.68, suggesting a favorable market price for the sales.

Negatives

• Patriot Financial Group II and its affiliates reduced their stake by selling 179,623 shares, which could be interpreted as a slight decrease in conviction or a move to realize gains.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a significant institutional investor in a financial holding company. Such adjustments are common and can reflect portfolio rebalancing or profit-taking, rather than a specific industry trend.

Stakeholder Impact

• Shareholders: The reduction in stake by a significant institutional investor might be viewed with slight caution, but the remaining substantial holding suggests continued confidence. The sales at favorable prices could be seen as a positive for market liquidity.

Key Dates

Recommendation

The filing indicates a large institutional investor, Patriot Financial Group II, has slightly reduced its stake in USCB Financial Holdings, Inc. by selling approximately 179,623 shares. While this represents a partial exit, the group still retains a substantial 10.3% beneficial ownership. The sales occurred at prices ranging from $17.75 to $18.68, suggesting the investor capitalized on market strength. This action doesn't signal a strong negative outlook, but rather a potential portfolio rebalancing or profit-taking. Given the continued significant ownership, a 'hold' recommendation is appropriate, as there's no clear indication for a strong buy or sell based solely on this ownership adjustment.

Keywords

USCB Financial Holdings, Patriot Financial Partners, Schedule 13D, Class A Common Stock, Beneficial Ownership, Share Sales, Institutional Investor, Bank Holdings