HOCH LOUIS A 4

What Happened
Louis A. Hoch, a 10% owner of Usio, had restricted stock units vest and convert into 7,000 shares on 2026-06-21 (7,000 x $1.82 = $12,740). To satisfy tax withholding, 2,755 of those shares were returned to the issuer at the closing price of $1.82 (2,755 x $1.82 = $5,014). The Form 4 also lists a related derivative conversion entry for 7,000 shares; this filing reflects a vesting/conversion event and tax withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-06-21; reported on Form 4 filed 2026-06-22 (appears timely).
• Conversion: 7,000 shares issued at $1.82/share (value $12,740).
• Tax withholding: 2,755 shares returned to issuer at $1.82/share (value $5,014).
• Net shares received (after withholding): 4,245 shares (7,000 - 2,755).
• Footnotes: F1 confirms shares came from RSUs granted 06/21/2024 that vested 06/21/2026; F2 confirms 2,755 shares were returned to cover taxes.
• Shares owned after transaction: Not specified in the supplied filing details.
• Filing timeliness: Reported the next day — no late filing indicated in provided data.

Context

• This was a vesting/conversion of restricted stock units (derivative-to-stock event), not an open-market buy or sell. The withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a change in insider sentiment.
• As a 10% owner, Hoch is a significant shareholder; these filings reflect ownership changes from award vesting rather than discretionary market trades.