Form 4: USCB Financial Holdings Executive VP Acquires Shares in Open Market Purchase
SEC Form 4
Robert B. Anderson, Executive VP and CFO of USCB Financial Holdings, purchased 3,600 shares of Class A Voting Common Stock at $11.29 per share on March 12, 2024.
Summary
- On March 12, 2024, Robert B. Anderson, Executive VP and CFO of USCB Financial Holdings, acquired 3,600 shares of Class A Voting Common Stock.
- The purchase price was $11.29 per share.
- Following the transaction, Anderson directly owns 40,732 shares of Class A Voting Common Stock.
- These holdings include 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: 7
Explanation: The sentiment is moderately positive due to the insider purchase, suggesting confidence by the CFO in the company's value. However, it's a single transaction and needs to be considered with other factors.
Positives
- The purchase of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider buying is often monitored by investors as an indicator of management's confidence in the company's prospects. It's a common practice and is regulated to prevent insider trading.
Stakeholder Impact
- The insider purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 09/10/2020 | First anniversary of the date of grant for options to purchase 30,000 shares at $8.75. |
| 09/27/2021 | First anniversary of the date of grant for options to purchase 60,000 shares at $12.05. |
| 09/10/2021 | Date options to purchase Class A Voting Common Stock at $8.75 became exercisable. |
| 03/08/2023 | Date of grant for 5,367 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 4,127 shares of restricted stock which vest at a rate of one-third per year commencing on the first anniversary of the date of grant. |
| 03/12/2024 | Date of the transaction: Robert B. Anderson purchased 3,600 shares of Class A Voting Common Stock. |
| 09/27/2031 | Expiration date for options to purchase Class A Voting Common Stock at $12.05. |
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