Form 4: USCB Financial Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Martha Guerra-Kattou, EVP of Sales and Marketing at USCB Financial Holdings, sold 487 shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 8, 2024, Martha Guerra-Kattou, EVP of Sales and Marketing at USCB Financial Holdings, sold 487 shares of Class A Voting Common Stock.
- The sale was executed to cover tax obligations.
- Following the transaction, Guerra-Kattou directly owns 12,101 shares of Class A Voting Common Stock, which includes restricted stock that vests over time.
- She also holds options to purchase 40,000 shares of Class A Voting Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates a sale of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 09/27/2021 | Date of grant for options to purchase Class A Voting Stock, vesting over three years. |
| 03/08/2023 | Date of grant for 3,289 shares of restricted stock which vest at a rate of one-third per year commencing on the first anniversary of the date of grant. |
| 01/22/2024 | Date of grant for 2,655 shares of restricted stock which vest at a rate of one-third per year commencing on the first anniversary of the date of grant. |
| 03/08/2024 | Date of transaction: Martha Guerra-Kattou sold 487 shares of Class A Voting Common Stock. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
| 09/27/2031 | Expiration date for options to purchase Class A Voting Stock. |
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