Form 4: USCB Financial Holdings Executive VP Robert Anderson Increases Stake in Company
SEC Form 4
Executive VP and CFO of USCB Financial Holdings, Robert Anderson, recently purchased shares of the company's Class A Voting Common Stock, increasing his holdings.
Summary
- Robert Anderson, Executive VP and CFO of USCB Financial Holdings, has increased his holdings in the company.
- On May 23, 2024, Anderson purchased 7,000 shares of Class A Voting Common Stock at a weighted average price of $12.12.
- On May 24, 2024, he further acquired 271 shares at a weighted average price of $11.94.
- Following these transactions, Anderson directly owns 87,204 shares of Class A Voting Common Stock, which includes restricted stock that vests over time.
- He also holds options to purchase 30,000 shares at $8.75 and 60,000 shares at $12.05, which vest in installments.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive as insider buying often signals confidence in the company's prospects, but it's a single transaction and doesn't provide a comprehensive view.
Positives
- The Executive VP and CFO's increased investment in the company may signal confidence in USCB Financial Holdings' future prospects.
Industry Context
Insider buying is often seen as a positive sign, suggesting that a company executive believes the company's stock is undervalued.
Stakeholder Impact
- Shareholders may view the insider purchase as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 09/10/2020 | Date of grant for options to purchase Class A Voting Common Stock at $8.75, vesting at a rate of one-third per year commencing on the first anniversary of the date of grant. |
| 09/27/2021 | Date of grant for options to purchase Class A Voting Common Stock at $12.05, vesting at a rate of one-third per year commencing on the first anniversary of the date of grant. |
| 09/10/2021 | First 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. |
| 05/23/2024 | Robert Anderson purchased 7,000 shares of Class A Voting Common Stock at a weighted average price of $12.12. |
| 05/24/2024 | Robert Anderson purchased 271 shares of Class A Voting Common Stock at a weighted average price of $11.94. |
| 05/24/2024 | Date of Form 4 filing. |
| 09/27/2022 | First date options to purchase Class A Voting Common Stock at $12.05 became exercisable. |
| 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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