WILSON BRUCE N 4

What Happened

• Bruce N. Wilson, a director of First US Bancshares, exercised options to acquire 1,500 shares at $8.30 per share on 2026-01-28 (total cash paid $12,450).
• To satisfy tax withholding, 859 shares were surrendered/disposed at $14.49 per share (proceeds value reported as $12,447).
• The filing also records a 1,500-share derivative conversion/exercise at $0.00 (a non-cash conversion entry).

Key Details

• Dates and prices:
  • 2026-01-28: Exercise (code M) — 1,500 shares @ $8.30 (acquired) = $12,450.
  • 2026-01-28: Tax withholding (code F) — 859 shares @ $14.49 (disposed) = $12,447.
  • 2026-01-28: Derivative conversion (code M) — 1,500 shares @ $0.00 (disposed/non-cash).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable codes: M = exercise/conversion of derivative (options/RSUs); F = payment/tax withholding (shares surrendered to cover taxes).
• Filing timeliness: Transaction dated 2026-01-28; Form 4 filed 2026-01-29 — appears timely (no late filing indicated).

Context

• This was primarily an option exercise (insider acquiring shares). However, 859 shares were withheld to cover taxes, which is a routine, administrative disposition rather than an open-market sale.
• The $0.00 line for 1,500 derivative shares indicates a non-cash conversion/recording (common when derivatives convert to stock without a separate cash transaction).
• For a complete view of Wilson’s stake and any broader insider pattern, check the full Form 4 for "shares owned after" and prior filings.