Elley Thomas S 4

What Happened

• Elley Thomas, SEVP/CFO/Treasurer & Asst. Secretary of First US Bancshares (FUSB), exercised 6,300 stock options on 2026-07-08. The exercise required payment of $11.71 per share (total paid = $73,773).
• To cover tax withholding, 4,924 of the newly issued shares were surrendered/disposed at $16.95 per share (value ≈ $83,462). After the withholding, the exercise resulted in a net of 1,376 shares issued to Thomas.

Key Details

• Transaction date: 2026-07-08. Filing date: 2026-07-09 (timely).
• Exercise: 6,300 options exercised at $11.71 (total cost $73,773).
• Tax/payment withholding: 4,924 shares withheld/disposed at $16.95 (value ≈ $83,462).
• A separate derivative line shows 6,300 options converted/terminated at $0.00 — reflecting the option-to-share conversion.
• Shares owned after the transaction: not disclosed in this Form 4.
• Footnote: These options were granted Feb 12, 2018, and vested in equal installments over the first three anniversaries of the grant (per filing).

Context

• This is an options exercise with shares withheld to satisfy tax obligations — a common, non-market-directed way to pay taxes on option exercises. The insider paid the exercise price in cash/value and did not report an open-market sale of additional shares beyond the withholding.