USCB.NASDAQUscb Financial Holdings, INC

Form 4: USCB Financial Holdings Executive VP and CFO Reports Stock Disposal

Sentiment:

SEC Form 4

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Robert B. Anderson, Executive VP and CFO of USCB Financial Holdings, reports the disposal of 796 shares of Class A Voting Common Stock to cover tax obligations.

Summary

  • On March 8, 2024, Robert B. Anderson, Executive VP and CFO of USCB Financial Holdings, disposed of 796 shares of Class A Voting Common Stock.
  • The transaction was executed at a price of $11.15 per share.
  • Following the transaction, Anderson directly owns 37,132 shares of Class A Voting Common Stock, including 4,127 shares of restricted stock vesting at a rate of one-third per year commencing on January 22, 2024, and 5,367 shares of restricted stock vesting at a rate of one-third per year commencing on 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 at a rate of one-third per year commencing on September 10, 2020.
  • Additionally, he holds options to purchase 60,000 shares of Class A Voting Common Stock at an exercise price of $12.05, which vest at a rate of one-third per year commencing on September 27, 2021.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a stock disposal, which is neutral in sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Stakeholder Impact

  • The transaction may have a minor impact on shareholders due to the small number of shares involved.

Key Dates

DateDescription
09/10/2020Options to purchase Class A Voting Common Stock at $8.75 vested at a rate of one-third per year commencing on this date.
09/27/2021Options to purchase Class A Voting Common Stock at $12.05 vest at a rate of one-third per year commencing on this date.
09/10/2021Date options to purchase Class A Voting Common Stock at $8.75 were granted.
09/27/2022Date options to purchase Class A Voting Common Stock at $12.05 were granted.
03/08/20235,367 shares of restricted stock vest at a rate of one-third per year commencing on this date.
01/22/20244,127 shares of restricted stock vest at a rate of one-third per year commencing on this date.
03/08/2024Date of the reported transaction where 796 shares of Class A Voting Common Stock were disposed of.
03/11/2024Date of signature for the Form 4 filing.
09/10/2030Expiration date for options to purchase Class A Voting Common Stock at $8.75.
09/27/2031Expiration date for options to purchase Class A Voting Common Stock at $12.05.

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