Gator Capital Management, LLC 4

What Happened
Gator Capital Management, LLC — identified as a 10% owner — made a series of open‑market purchases of U S Global Investors, Inc. (ticker: GROW) in May 2026, acquiring a total of 38,293 shares for approximately $98,312 (weighted‑average price ≈ $2.57 per share). These were purchases (buying), not sales or option exercises.

Key Details

• Transaction dates and trades:
  • 2026-05-01: 205 shares @ $2.63 — $539
  • 2026-05-06: 259 shares @ $2.61 — $676
  • 2026-05-07: 2,976 shares @ $2.62 — $7,797
  • 2026-05-08: 208 shares @ $2.62 — $545
  • 2026-05-11: 5,354 shares @ $2.62 — $14,026
  • 2026-05-12: 404 shares @ $2.55 — $1,030
  • 2026-05-13: 3,601 shares @ $2.55 — $9,194
  • 2026-05-21: 23,910 shares @ $2.55 — $60,927
  • 2026-05-28: 1,376 shares @ $2.60 — $3,578
• Total acquired: 38,293 shares for ~$98,312 (weighted average ≈ $2.57/share).
• Shares owned after transaction: 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).
• Notable footnotes:
  • Purchases were made in accounts over which Gator Capital exercises investment discretion (F1, F2).
  • F3 clarifies the 1,100,767‑share aggregate and that Gator Capital disclaims beneficial ownership except to the extent of its pecuniary interest.
  • F4: the price shown is a weighted average; detailed per‑price breakdown is available on request.
  • F5: the Form 4 was filed late (timeliness: L).

Context

• This filing reflects institutional/investment manager buying across client/fund accounts (a 10% owner), not insider executive trading.
• Purchases can be viewed as positive interest from an institutional holder, but the filing does not state motivations or strategy.
• The late filing (F5) indicates the report was submitted after the SEC deadline, which is a compliance/timeliness note for investors to consider.