USBC Director Jon Pepper Receives 120,000-Share Option Award

What Happened

• Jon Pepper, a director of USBC, was granted an option to purchase 120,000 shares of USBC common stock on August 12, 2026. The Form 4 reports the grant as a derivative acquisition with $0.00 consideration shown for the award. This is an equity award (option grant), not an immediate open‑market purchase or sale.

Key Details

• Transaction date: August 12, 2026; Form 4 filed August 14, 2026 (two days later); no late‑filing flag indicated.
• Reported consideration: $0.00 for the grant (the filing does not disclose an exercise/strike price in the provided summary).
• Vesting schedule (per footnote): 10,000 shares vest on September 30, 2026, then eleven quarterly installments of 10,000 shares each thereafter through June 30, 2029.
• Reverse split note: Share amounts reflect a 1‑for‑40 reverse stock split effective February 19, 2025.
• Shares owned after the transaction: not specified in the provided summary.

Context

• This was an option award (a derivative grant). Options give the holder the right to buy shares in the future according to the vesting schedule; they are not an immediate purchase of stock and do not necessarily indicate immediate buying or selling of shares.
• No information in the provided data indicates any immediate exercise, sale, tax withholding, or a 10b5‑1 plan.