HOCH LOUIS A 4

What Happened

• Louis A. Hoch, a reported 10% owner of Usio, had restricted stock units (RSUs) vest and convert into 11,000 shares of common stock on 2026-02-21, valued at $1.34 per share for a total of $14,740. To satisfy tax withholding obligations, 4,912 of those shares were returned to the issuer at the same $1.34 price, valued at $6,582.
• The filing shows the conversion/exercise of a derivative (transaction code M) for the RSU conversion and a tax withholding/return of shares (transaction code F).

Key Details

• Transaction date: 2026-02-21; Filing date (Form 4): 2026-02-24.
• Prices: $1.34 per share for the conversions and withholding.
• Shares received via conversion: 11,000 (value $14,740).
• Shares withheld for taxes: 4,912 (value $6,582) — withheld/returned to the issuer per footnote.
• Footnotes: F1 confirms 4,912 shares were returned to cover taxes at the 02/20/2026 closing price of $1.34. F2 states the 11,000 shares resulted from RSUs granted 02/21/2023 that vested 02/21/2026.
• Shares owned after the transaction: not disclosed in the summary filing details provided here.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = tax withholding. No indication in the filing that the shares were sold on the open market.

Context

• This was a vesting/conversion of RSUs (an award becoming stock), not a market buy or a discretionary sale — the withholding of shares for taxes is routine and common when awards vest.
• As a 10% owner, Hoch is a significant shareholder; such transactions reflect compensation vesting rather than an independent investment decision.