BRIGGS ROBERT S 4

What Happened Robert S. Briggs, a director of First US Bancshares, exercised options on January 30, 2026 to acquire 3,000 common shares (exercise price shown as $8.30, aggregate value $24,900). To satisfy tax withholding, 1,699 of the issued shares were withheld/disposed (valued at $14.65 each, ~$24,890), leaving a net issuance of 1,301 shares to Mr. Briggs. The filing also shows a corresponding disposition of 3,000 derivative securities at $0.00 consistent with the option conversion.

Key Details

• Transaction date: 2026-01-30
• Exercise (code M): 3,000 shares @ $8.30 (acquired), aggregate $24,900
• Tax/payment withholding (code F): 1,699 shares @ $14.65 (disposed), aggregate $24,890
• Derivative disposition (code M): 3,000 derivative units @ $0.00 (disposed), consistent with conversion
• Net shares received by insider: 1,301 (3,000 issued − 1,699 withheld)
• Shares owned following transaction: not disclosed in the provided filing details
• Footnotes/plan: no 10b5-1 plan or other special footnotes indicated in the provided data
• Filing timeliness: Report filed 2026-02-02 for a 2026-01-30 transaction; filing appears timely (within the required two-business-day window)

Context This was an option exercise (acquisition) with a portion of shares withheld to cover tax obligations — a common cashless exercise approach. Such withholding is routine and does not necessarily signal a view on the company’s stock; the meaningful item for investors is the net acquisition of 1,301 shares by a director.