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 acquired additional shares of the company's Class A Voting Common Stock through market purchases.
Summary
- Robert Anderson, Executive VP and CFO of USCB Financial Holdings, has reported changes in his beneficial ownership of the company's stock.
- On April 30, 2024, Anderson purchased 19,289 shares of Class A Voting Common Stock at a weighted average price of $11.14, with prices ranging from $10.97 to $11.41.
- On May 1, 2024, he further acquired 987 shares at $11.48 per share.
- Following these transactions, Anderson directly owns 68,408 shares of Class A Voting Common Stock, which includes 4,127 shares of restricted stock vesting from January 22, 2024, and 5,367 shares vesting from March 8, 2023.
- Anderson also holds options to purchase 30,000 shares at $8.75 (vesting from September 10, 2020) and 60,000 shares at $12.05 (vesting from September 27, 2021).
Sentiment
Score: 7
Explanation: The sentiment is moderately positive due to insider buying, which often signals confidence in the company's prospects. However, it's a single transaction and doesn't provide a comprehensive view.
Positives
- An executive increasing their stake in the company can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider buying is often viewed as a positive sign in the financial industry, suggesting that those with the most knowledge of the company's prospects are optimistic about its future.
Stakeholder Impact
- Shareholders may view the insider buying as a positive signal, potentially increasing investor confidence.
Key Dates
| Date | Description |
|---|---|
| 09/10/2020 | Grant date for options to purchase 30,000 shares 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 | Grant date for options to purchase 60,000 shares 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 | Options to purchase Class A Voting Common Stock $ 8.75 |
| 09/27/2022 | Options to purchase Class A Voting Common Stock $ 12.05 |
| 03/08/2023 | Grant date 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 | Grant date 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. |
| 04/30/2024 | Robert Anderson purchased 19,289 shares of Class A Voting Common Stock at a weighted average price of $11.14. |
| 05/01/2024 | Robert Anderson purchased 987 shares of Class A Voting Common Stock at $11.48. |
| 05/01/2024 | Date of the report. |
| 09/10/2030 | Expiration date for options to purchase 30,000 shares at $8.75. |
| 09/27/2031 | Expiration date for options to purchase 60,000 shares at $12.05. |
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