McPhearson John Lee 4

What Happened

• John Lee McPhearson, a director of First US Bancshares (FUSB), reported exercising options on January 27, 2026. He acquired 1,500 shares at an exercise price of $8.30 per share, for a cash cost of $12,450. The filing also lists a separate line reporting 1,500 derivative shares as disposed at $0 (reported as a derivative conversion/disposition).

Key Details

• Transaction date: 2026-01-27.
• Exercise (code M): 1,500 shares acquired at $8.30 each — total $12,450.
• Derivative disposition (code M): 1,500 shares reported disposed at $0 (filing lists this as a derivative transaction).
• Shares owned after the transaction: not disclosed in this Form 4.
• Footnote: F1 — the reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
• Filing date: 2026-01-28 (filed the day after the transaction); no indication in the filing that it was late.

Context

• Code M indicates an exercise or conversion of a derivative (typically stock options). The filing shows an outright acquisition by exercise; it does not indicate an immediate sale of the acquired shares (no cashless sale noted).
• The separate line showing a disposal at $0 likely reflects a derivative conversion event recorded on the Form 4, but the filing does not explain the nature of that disposal. No tax-withholding, 10b5-1 plan, or other special instructions are disclosed.