UBA HAJIME 4

What Happened
Hajime Uba — President, Chief Executive Officer and Chairman of Kura Sushi USA, Inc. — exercised stock options and sold shares on January 16, 2026. The filing shows he acquired 2,712 shares by exercising options at $25.94 per share (cost ~$70,349) and disposed of a total of 17,036 shares through a mix of option conversions and open-market sales for reported proceeds of approximately $986,103 (sales at weighted-average prices and reported per-trade amounts). The activity is primarily sales (routine monetization following option exercises), not an open-market purchase.

Key Details

• Transaction date: January 16, 2026; Form 4 filed January 21, 2026 (check timeliness—Form 4s are generally due within 2 business days).
• Notable line items (selected):
  • Acquired 2,712 shares via option exercise @ $25.94 = $70,349.
  • Disposed 2,747 shares via exercise/conversion @ $22.65 = $62,220.
  • Disposed 4,415 shares via exercise/conversion @ $46.15 = $203,752.
  • Open-market sales: 3,211 @ $71.83 ($230,659); 3,813 @ $72.82 ($277,677); 2,850 @ $74.31 ($211,795).
• Total reported proceeds from disposals (lines showing positive proceeds): ≈ $986,103.
• Shares owned after transaction: not specified in the provided summary (see the full Form 4 for post-transaction holdings).
• Footnotes of interest: F1–F3 note the reported sale prices are weighted averages covering multiple executions within specified price ranges; F4–F6 describe vesting schedules for the options exercised.
• Transaction codes: M = option exercise/conversion, S = open-market sale. Several derivative lines show $0.00 dispositions consistent with internal reporting of exercised option shares — see Form 4 footnotes for details.

Context

• For retail investors: this looks like routine executive option exercises followed by sales (including open-market sales). Option exercises that are immediately or shortly followed by sales are often done to cover exercise costs, tax withholding, or to take liquidity — the filing shows both acquisitions (exercise) and subsequent disposals the same day.
• Purchases generally carry more weight as bullish signals; a sale after exercising options is common and is not by itself proof of negative company outlook.
• Review the full Form 4 and footnotes (F1–F6) for exact price ranges, vesting origins of the options, and the reporting of zero-dollar derivative lines to fully understand how the transactions were structured.