Research Summary
AI-generated summary of this SEC filing
Usio SVP Frost Houston Korth Buys 5,642 Shares (ESPP)
What Happened
- Frost Houston Korth, Senior Vice President and Chief Product Officer of Usio, Inc. (USIO), acquired 5,642 shares on July 1, 2026. The reported acquisition price was $0.99 per share (total ≈ $5,563).
- A footnote clarifies the shares were purchased under Usio's employee stock purchase program at $0.986 per share.
Key Details
- Transaction date: 2026-07-01; reported price: $0.986 per share (rounded on form to $0.99).
- Shares acquired: 5,642; aggregate reported value ≈ $5,563.
- Shares owned after the transaction: Not specified in the provided filing.
- Filing: Form 4 filed 2026-08-26 covering the July 1 transaction (filed well after the typical two-business-day reporting window).
- Footnote: Purchase was via employee stock purchase program (ESPP).
Context
- This was a purchase through an employee benefit plan (ESPP), not a sale or option exercise. Employee purchases are common and can reflect routine participation in company plans rather than a market-timing signal.
- The dollar amount is modest relative to many insider trades; interpret accordingly.