Usio (USIO) Director Ernesto Beyer Exercises RSUs, Returns Shares for Taxes

What Happened

• Director Ernesto R. Beyer del la Garza exercised/converted restricted stock units (reported as derivative exercise) on August 21, 2026, resulting in the issuance of 7,000 common shares at $2.81 each (value $19,670). To satisfy tax withholding, he returned 2,000 shares to the issuer at $2.81/share (value $5,620). The net increase in his holdings from this event was 5,000 shares (7,000 acquired minus 2,000 withheld).

Key Details

• Transaction date: August 21, 2026. Form 4 filed Aug 25, 2026.
• Prices and values: 7,000 shares @ $2.81 = $19,670; 2,000 shares returned for taxes @ $2.81 = $5,620.
• Codes: M = exercise/conversion of a derivative (RSU conversion); F = payment of tax liability via share withholding.
• Footnotes: F1 — shares were issued due to vesting and conversion of RSUs granted 06/21/2025 and vested 06/21/2026. F2 — 2,000 shares were returned to the issuer to cover taxes at the closing price of $2.81.
• Shares owned after the transaction: not disclosed in the provided filing.
• Filing timeliness: Form filed four days after the transaction (Aug 25 for an Aug 21 transaction); this appears to fall within the usual 2-business-day reporting window.

Context

• This was a vesting/conversion of RSUs (not an open-market buy or economic sale). The return of shares to cover taxes is a common withholding mechanism (a form of cashless settlement) and should be viewed as tax-related, not necessarily a market sentiment signal.