McPhearson John Lee 4

What Happened

• John Lee McPhearson, a director of First US Bancshares, reported both an acquisition and a sale on 2026-02-18. He acquired 1,500 shares at $8.30 per share (total $12,450) and sold 1,500 shares at $8.30 per share (total $12,450).
• The filing notes the acquisition price reflects the exercise price paid to exercise stock options granted by the issuer (footnote F1). The matched buy and sell at the same price indicates the shares acquired via option exercise were sold concurrently.

Key Details

• Transaction date: 2026-02-18
• Purchase (P): 1,500 shares at $8.30 — $12,450 (reflects option exercise price) [F1]
• Sale (S): 1,500 shares at $8.30 — $12,450
• Shares owned after transaction: Not specified in the excerpt provided
• Footnotes: F1 (price reflects option exercise); F2 (reporting person disclaims beneficial ownership except to extent of pecuniary interest)
• Filing timeliness: Report filed on 2026-02-18 (no late filing indicated)

Context

• This appears to be an option exercise with immediate sale (commonly a cashless exercise or sale-to-cover), where the insider pays the exercise price to acquire shares and sells shares on the same day. Such transactions are often administrative (to cover exercise costs/taxes) rather than an independent buy or sell decision; the filing itself does not state motivation.