Form 4: USCB Financial Holdings Executive VP Acquires Additional Shares
SEC Form 4 Filing
Robert B. Anderson, Executive VP and CFO of USCB Financial Holdings, recently purchased shares of the company's Class A Voting Common Stock.
Summary
- On May 15, 2024, Robert B. Anderson purchased 5,000 shares of Class A Voting Common Stock at a weighted average price ranging from $11.96 to $12.14.
- On May 16, 2024, Anderson purchased an additional 525 shares at $12.15.
- Following these transactions, Anderson directly owns 79,933 shares of Class A Voting Common Stock.
- This total includes 4,127 shares of restricted stock vesting annually from January 22, 2024, and 5,367 shares vesting annually from March 8, 2023.
- Anderson also holds options to purchase 30,000 shares at $8.75, vesting annually from September 10, 2020, and 60,000 shares at $12.05, vesting annually from September 27, 2021.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. Insider buying is generally seen as a good sign, but the scale of the purchase is not large enough to significantly alter sentiment.
Positives
- The Executive VP's purchase of shares may signal confidence in the company's future performance.
Industry Context
Insider buying is often viewed positively by investors, as it can indicate that a company's management believes the stock is undervalued. However, it's just one factor to consider when evaluating a company's prospects.
Stakeholder Impact
- Shareholders may view the insider purchase as a positive signal.
- The purchase has a negligible impact on employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| 09/10/2020 | Date of grant for options to purchase 30,000 shares at $8.75, vesting annually. |
| 09/27/2021 | Date of grant for options to purchase 60,000 shares at $12.05, vesting annually. |
| 03/08/2023 | Date of grant for 5,367 shares of restricted stock, vesting annually. |
| 01/22/2024 | Date of grant for 4,127 shares of restricted stock, vesting annually. |
| 05/15/2024 | Robert B. Anderson purchased 5,000 shares of Class A Voting Common Stock. |
| 05/16/2024 | Robert B. Anderson purchased 525 shares of Class A Voting Common Stock. |
| 05/17/2024 | Date of Form 4 filing. |
| 09/10/2030 | Expiration date for options to purchase 30,000 shares at $8.75. |
| 09/27/2031 | Expiration date for options to purchase 60,000 shares at $12.05. |
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