Jenkinson Linda 4

What Happened
Linda Jenkinson, a director of USBC, Inc. (USBC), reported the cancellation and simultaneous regrant (repricing) of 10,000,000 stock options on March 18, 2026. The filing shows a disposition to the issuer (D) of 10,000,000 derivative securities and an acquisition/grant (A) of 10,000,000 derivative securities. The repriced options carry an exercise price of $0.37 per share (reduced from $1.10); the Form 4 reports $0 cash changed hands as part of this repricing transaction.

Key Details

• Transaction date: March 18, 2026. Filing date: March 26, 2026 (filed 8 days after the reported transaction).
• Transaction codes: D (disposition to issuer — cancellation of prior options) and A (award/grant — repriced options issued).
• Option counts and prices: 10,000,000 options repriced; exercise price reduced from $1.10 to $0.37 per share.
• Vesting: Options vest 25% on the one‑year anniversary of their respective grant dates (grants tied to August 6 and October 7, 2025) and then in quarterly installments over the next three years (per footnotes F1/F2).
• Shares owned after transaction: Not disclosed in the provided Form 4 excerpt.
• No immediate exercise or sale reported — this was a modification/regrant, not a cash purchase or open‑market sale.

Context
This is a derivative repricing action: the company amended outstanding options to lower the exercise price, replacing the original options with new options on the same share count and with a new exercise price and standard vesting schedule. There was no cash exchange and no immediate issuance or sale of common stock reported. Repricings are corporate compensation adjustments and do not by themselves indicate an insider buying or selling shares.