Form 4: USCB Financial Holdings Executive VP, Operations & IT, Andres Collazo, Reports Stock Disposal
SEC Form 4
Andres Collazo, Executive VP, Operations & IT at USCB Financial Holdings, disposed of 523 shares of Class A Voting Common Stock on March 8, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On March 8, 2024, Andres Collazo, Executive VP, Operations & IT at USCB Financial Holdings, disposed of 523 shares of Class A Voting Common Stock.
- The transaction was executed at a price of $11.15 per share.
- Following the transaction, Collazo directly owns 8,612 shares of Class A Voting Common Stock, which includes 2,846 shares of restricted stock vesting annually from January 22, 2024, and 3,526 shares vesting annually from March 8, 2023.
- Collazo also holds options to purchase 30,000 shares of Class A Voting Stock at an exercise price of $12.05, vesting annually from September 27, 2021.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine stock transaction by an insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure related to stock transactions by a company insider. It provides transparency to the market regarding the insider's holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by an executive.
Key Dates
| Date | Description |
|---|---|
| 09/27/2021 | Date of grant for options to purchase Class A Voting Stock, vesting annually. |
| 09/27/2022 | Options to Purchase Class A Voting Stock $12.05 |
| 03/08/2023 | Date of grant for 3,526 shares of restricted stock, vesting annually. |
| 01/22/2024 | Date of grant for 2,846 shares of restricted stock, vesting annually. |
| 03/08/2024 | Date of transaction: Disposal of 523 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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