Rollins Brad 4

What Happened
Brad Rollins, a director of Usio, converted restricted stock units into 7,000 shares of common stock on March 16, 2026 (reported as an exercise/conversion of a derivative, code M) at $1.21 per share, with a reported value of $8,470. The Form 4 also shows a matching disposition of 7,000 shares on the same day for the same value. This was not an open-market buy or a typical sale — it reflects vesting/conversion activity rather than a market-directed purchase or sale.

Key Details

• Transaction date: 2026-03-16; filing date: 2026-03-18 (appears timely, within the Form 4 deadline).
• Acquired: 7,000 shares via conversion at $1.21/share — value $8,470.
• Disposed: 7,000 shares (derivative) at $1.21/share — value $8,470.
• Footnote F1: Shares were received due to vesting and conversion of RSUs granted on March 16, 2023 and March 16, 2026.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Transaction code: M (exercise or conversion of a derivative).

Context
Conversion of RSUs into common stock is a routine equity-compensation event. The identical acquisition and disposition on the same day commonly reflects withholding or a cashless conversion to satisfy tax obligations or other settlement mechanics; the filing’s footnote confirms RSU vesting but does not explicitly state the reason for the disposal. Such vesting/conversion events are generally administrative and do not necessarily signal a change in insider sentiment.