USBC Director Takesako Ichiro Receives Stock Option Award

What Happened
Takesako Ichiro, 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 Form 4 reports the grant as a derivative award with a transaction amount of $0.00 (typical for option grants as reported on Form 4). The grant was made under USBC’s Amended and Restated 2021 Equity Incentive Plan.

Key Details

• Transaction date: August 12, 2026; Form 4 filed August 14, 2026.
• Award type: Option grant to purchase 120,000 shares (derivative). Reported transaction price = $0.00 on the Form 4.
• Vesting: 10,000 shares vest on September 30, 2026, then eleven quarterly installments of 10,000 shares through June 30, 2029 (per filing footnote).
• Shares owned after transaction: Not specified in the summary provided.
• Plan/authority: Issuer’s Amended and Restated 2021 Equity Incentive Plan (per footnote).
• Reverse split: Share amounts reflect a 1-for-40 reverse stock split effective February 19, 2025 (per footnote).
• Filing timeliness: Form 4 was filed two days after the grant date (no late-filing indication in the information provided).

Context
This was a grant of stock options (a derivative award) rather than an open-market purchase or sale. Option grants are a common form of executive/director compensation and do not itself represent a purchase or sale of shares until exercised; they typically reflect a compensation or retention action rather than an immediate market signal. The exercise price and any post-exercise sale plans were not disclosed in the provided summary.