U.S. Global Investors (GROW) Control Person Derek Pilecki Buys Shares

What Happened
Derek Steven Pilecki, a control person for U.S. Global Investors (ticker: GROW), made multiple open‑market purchases during May 2026 totaling 38,293 shares at weighted average prices of roughly $2.55–$2.63, for an aggregate cost of about $98,300. These were purchases (code P), which are generally interpreted as insider buying rather than selling.

Key Details

• Transaction dates: May 1, 5, 7, 8, 11, 12, 13, 21, and 28, 2026. Prices reported as weighted averages per trade (see F4).
  • Notable lots: 23,910 shares on 2026-05-21 at $2.55 ($60,927); 5,354 shares on 2026-05-11 at $2.62 ($14,026); 3,601 shares on 2026-05-13 at $2.55 (~$9,194).
• Total acquired: 38,293 shares for ~ $98,312 (sum of reported transaction values).
• Shares owned after transactions: aggregate beneficial ownership reported as 1,100,767 shares, held across: Gator Financial Partners, LLC (918,175); Gator Qualified Partners, LLC (101,670); ECA Fund, LP (74,922); Managed Account (6,000). (See F3.)
• Accounts and discretion: many purchases were in accounts managed by Gator Capital Management, LLC (F1, F2); Gator Capital disclaims beneficial ownership except to the extent of pecuniary interest (F3).
• Reporting notes: price is a weighted average (F4). This Form 4 was filed late (F5) — late filings miss the standard 2‑business‑day SEC reporting window and are a timeliness technicality to consider.

Context
These transactions are purchases placed in managed accounts overseen by Gator Capital Management rather than an obvious direct personal transfer. While insider purchases can be viewed positively by investors, they do not guarantee future company performance. The late filing means the trades were reported after the usual SEC deadline; that affects disclosure timing but not the substance of the reported trades.