Usio (USIO) Head of Card Issuing Jerry Uffner Receives 6,000 Shares

What Happened

• Jerry Uffner, Head of Card Issuing at Usio (USIO), had restricted stock units vest and convert into 6,000 shares on August 21, 2026. The conversion is recorded at $2.81 per share, valuing the 6,000 shares at $16,860.
• To cover tax withholding, 2,058 of those shares were returned to the company at $2.81 per share (value $5,783). The filing also lists a derivative-related disposition of 6,000 shares at $2.81 ($16,860) associated with the conversion/administrative reporting.

Key Details

• Transaction date: August 21, 2026; Filing date: August 25, 2026 (filed within the standard two-business-day Form 4 window).
• Prices and values: 6,000 shares at $2.81 = $16,860; 2,058 shares withheld at $2.81 = $5,783.
• Transaction codes: M = exercise/conversion of a derivative (here, RSU conversion); F = shares surrendered to cover tax withholding.
• Footnotes from the filing: F1 — shares resulted from RSUs granted 8/21/2025 and vested 8/21/2026; F2 — 2,058 shares returned to issuer at $2.81 to cover taxes.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• This was not an open-market purchase or a voluntary sale for investment reasons; it reflects routine RSU vesting and the common practice of surrendering shares to cover tax obligations (a net settlement/withholding). Such administrative conversions and withholdings are standard and do not, by themselves, indicate the insider’s market view.