USBC: former CFO Kitty B Payne sold 2,812,500 shares

What happened Kitty B Payne, former CFO, treasurer and secretary, disposed of a total of 2,812,500 derivative shares (forfeited unvested options) in two transactions on Oct 1, 2026: 1,342,500 and 1,470,000 shares at $0.00 each, proceeds $0.00.

Key details

• Transaction date(s) and price(s): Oct 1, 2026 — 1,342,500 @ $0.00; Oct 1, 2026 — 1,470,000 @ $0.00. Reported as derivative "other acquisition or disposition (J)".
• Shares/options owned after the transactions: 447,500 options from the Aug 6, 2025 grant (exercisable Aug 6, 2026) and 490,000 options from the Oct 7, 2025 grant (accelerated to be exercisable Sep 1, 2026); total 937,500 options remain.
• Footnotes: F1 — 1,342,500 unvested options from the Aug 6, 2025 grant were forfeited; 447,500 from that grant remain and became exercisable Aug 6, 2026. F2 — the board accelerated vesting of 490,000 options from the Oct 7, 2025 grant to Sep 1, 2026; 1,470,000 unvested options from that grant were forfeited.
• Form filed Oct 5, 2026.

Why it may matter

• These were forfeitures of unvested options (derivative dispositions), not market sales or purchases. The board also approved acceleration of vesting for 490,000 options, which are now exercisable.
• A filing does not show why the insider traded or why the company acted.