Form 4: USCB Financial Holdings Executive VP and CFO Acquires Shares
SEC Form 4
Robert B. Anderson, Executive VP and CFO of USCB Financial Holdings, recently purchased shares of Class A Voting Common Stock.
Summary
- On March 13, 2024, Robert B. Anderson purchased 3,400 shares of Class A Voting Common Stock at $11.3255 per share.
- On March 14, 2024, Anderson purchased an additional 4,000 shares of Class A Voting Common Stock at $11.21 per share.
- Following these transactions, Anderson directly owns 48,132 shares of Class A Voting Common Stock, which includes 4,127 shares of restricted stock vesting annually from January 22, 2024, and 5,367 shares of restricted stock vesting annually from March 8, 2023.
- Anderson also holds options to purchase 30,000 shares of Class A Voting Common Stock at an exercise price of $8.75, which vested annually from September 10, 2020.
- Additionally, Anderson holds options to purchase 60,000 shares of Class A Voting Common Stock at an exercise price of $12.05, which vested annually from September 27, 2021.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CFO's purchase suggests confidence, but it's a single transaction and doesn't provide a comprehensive view of the company's health.
Positives
- The CFO's purchase of shares could be interpreted as a positive signal, indicating confidence in the company's future performance.
Industry Context
Insider trading activity is closely monitored by investors as it can provide insights into management's perspective on the company's valuation and future prospects. Purchases are generally seen as a positive sign.
Stakeholder Impact
- Shareholders may view the CFO's purchase as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 09/10/2020 | Start date for vesting of options to purchase 30,000 shares at $8.75. |
| 09/27/2021 | Start date for vesting of options to purchase 60,000 shares at $12.05. |
| 09/10/2021 | Date of grant for options to purchase Class A Voting Common Stock at $8.75. |
| 09/27/2022 | Date of grant for options to purchase Class A Voting Common Stock at $12.05. |
| 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. |
| 03/13/2024 | Robert Anderson purchased 3,400 shares at $11.3255. |
| 03/14/2024 | Robert Anderson purchased 4,000 shares at $11.21. |
| 03/14/2024 | Date of Form 4 filing. |
| 09/10/2030 | Expiration date for options to purchase Class A Voting Common Stock at $8.75. |
| 09/27/2031 | Expiration date for options to purchase Class A Voting Common Stock at $12.05. |
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