USBC Director Larry Ellingson Receives 120,000-Share Option Award

What Happened

• Larry K. Ellingson, a director of USBC, Inc. (USBC), was granted an option to purchase 120,000 shares of the company's common stock on August 12, 2026. The transaction is reported as an award/acquisition (derivative); the Form 4 shows $0.00 for the reported acquisition amount, indicating an option grant rather than a cash market purchase or sale.

Key Details

• Transaction date: August 12, 2026; Form 4 filed August 14, 2026 (timely filing).
• Reported transaction: Grant of an option to purchase 120,000 shares (derivative award).
• Reported price in filing: $0.00 (reflects option grant reporting; not an exercise price).
• Vesting schedule (from filing footnote): 10,000 shares vest on September 30, 2026, then eleven quarterly installments of 10,000 shares each through June 30, 2029.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: grant made under the Issuer’s Amended and Restated 2021 Equity Incentive Plan.

Context

• This was an equity compensation award (option grant), not an open-market purchase or sale. Options must generally be exercised to convert into shares; this filing does not indicate any exercise or immediate sale.
• Such grants are common for directors as compensation/retention and do not by themselves indicate buying or selling sentiment. The exercise price and other post-grant details were not disclosed in the provided excerpt.