Miller Aubrey S 4

What Happened

• Aubrey S. Miller, a director of First US Bancshares (FUSB), exercised 3,000 derivative securities (options) on Feb 6, 2026. The exercise reflected 3,000 shares at an exercise price of $8.30 per share (total $24,900).
• To cover taxes, 1,597 of the newly issued shares were surrendered/withheld (reported as a disposition) at a market price of $15.59 per share (total ~$24,897). After withholding, Miller received a net of 1,403 shares.
• This transaction is an option exercise (a form of acquiring shares), with a portion of the shares used to satisfy tax obligations rather than an open‑market sale.

Key Details

• Transaction date: 2026-02-06; Form filed: 2026-02-09 (timely filing).
• Exercise: 3,000 shares acquired @ $8.30 = $24,900 (code M).
• Tax withholding: 1,597 shares disposed @ $15.59 = $24,897 (code F).
• Derivative disposition: 3,000 derivative units reported as disposed @ $0 (reflects conversion/exercise of the options).
• Shares owned after transaction: not specified in the provided summary of the filing.
• Notes: M = option exercise/conversion; F = payment of exercise price or tax liability (here, shares withheld to cover taxes).

Context

• This was effectively a cashless-style outcome for the taxes: options were exercised and a portion of the resulting shares were surrendered to cover tax withholding rather than selling shares on the open market.
• Option exercises are common insider transactions and represent acquisition of company stock, though the withholding reduces the net new ownership. The filing gives no indication of motive beyond exercising vested derivative awards.