Form 4: Usio Inc. Executive Louis Hoch Donates Shares to Charity and Transfers Shares for Estate Planning

Louis Hoch, Chairman, President, and CEO of Usio, Inc., reports gifting shares to a charitable organization and transferring shares to an irrevocable trust for estate planning purposes.

Summary

• On September 5, 2024, Louis Hoch, Chairman, President, and CEO of Usio, Inc., transferred 33,333 shares of common stock to Lutheran High School of San Antonio, Texas as a charitable gift.
• The transfer was priced at $1.51 per share.
• Additionally, on the same date, Mr. Hoch transferred another 33,333 shares to the Irrevocable Trust of Sydney Hoch for estate planning purposes, also priced at $1.51 per share.
• Following these transactions, Mr. Hoch directly owns 3,128,651 shares of Usio, Inc.
• Mr. Hoch disclaims beneficial ownership of the securities transferred to the Irrevocable Trust of Sydney Hoch.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing share transfers. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's financial health or strategic direction. It is common for executives to make charitable donations and engage in estate planning, which may involve the transfer of company shares.

Stakeholder Impact

• The charitable donation may have a minor positive impact on the company's public image.
• The share transfers themselves are unlikely to have a significant impact on shareholders.

Key Dates