Form 4: USCB Financial Holdings Executive Nicholas Bustle Reports Stock Transactions
SEC Form 4 Filing
Nicholas Bustle, EVP and Chief Lending Officer of USCB Financial Holdings, reports the disposition of shares to cover tax obligations and details of stock options and restricted stock holdings.
Summary
- Nicholas Bustle, an executive at USCB Financial Holdings, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On March 10, 2025, Mr. Bustle disposed of 493 shares of Class A Voting Common Stock at a price of $17.81 per share to cover tax obligations.
- Following the transaction, Mr. Bustle directly owns 43,032 shares and indirectly owns 9,820 shares through his daughters and 6,250 shares through his spouse.
- The report also details Mr. Bustle's holdings of stock options, including options to buy 30,000 shares at $11.35 (vesting since April 17, 2020) and 40,000 shares at $12.05 (vesting since September 27, 2022).
- Mr. Bustle also holds restricted stock that vests over time, with various grants commencing vesting on January 22, 2025, March 8, 2024, and October 28, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document primarily reports transactions and holdings without expressing positive or negative views.
Future Outlook
The document does not contain explicit forward-looking statements, but it details the vesting schedules for restricted stock and the expiration dates for stock options, providing insight into the executive's future potential holdings.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates the executive's ongoing investment in the company through stock ownership and options.
Stakeholder Impact
- Shareholders gain transparency into the stock transactions of company executives.
- Employees may be interested in the vesting schedules of restricted stock and stock options held by executives.
Key Dates
| Date | Description |
|---|---|
| 04/17/2020 | Commencement of vesting for stock options at $11.35. |
| 09/27/2022 | Commencement of vesting for stock options at $12.05. |
| 03/08/2024 | Commencement of vesting for 2,039 shares of restricted stock. |
| 01/22/2025 | Commencement of vesting for 2,174 shares of restricted stock. |
| 03/10/2025 | Date of transaction: Disposition of 493 shares at $17.81. |
| 03/12/2025 | Date of Form 4 filing. |
| 01/21/2026 | Commencement of vesting for 6,947 shares of restricted stock. |
| 10/28/2025 | Commencement of vesting for 20,000 shares of restricted stock. |
| 04/17/2029 | Expiration date for stock options at $11.35. |
| 09/27/2031 | Expiration date for stock options at $12.05. |
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