Dozier Beverly J 4
4 · FIRST US BANCSHARES, INC. · Filed Jul 9, 2026
Research Summary
AI-generated summary of this filing
FUSB SVP Beverly Dozier Exercises Options, Sells Shares for Taxes
What Happened
Beverly J. Dozier, SVP, Secretary & Assistant Treasurer of First US Bancshares, Inc. (FUSB), exercised stock options on July 8, 2026. She exercised three option tranches totaling 8,100 shares (3,000 @ $14.11; 2,550 @ $11.71; 2,550 @ $10.01), paying aggregate exercise costs of $97,717. To satisfy exercise price/tax withholding requirements, 6,572 shares were surrendered/withheld at $16.95/share (value $111,395). The filings also show the related derivative/option interests cancelled (reported as $0 dispositions). Net effect: a gain of 1,528 shares to her ownership.
Key Details
- Transaction date: July 8, 2026; Form 4 filed July 9, 2026 (appears timely).
- Option exercises (code M): 3,000 shares @ $14.11 ($42,330); 2,550 @ $11.71 ($29,861); 2,550 @ $10.01 ($25,526).
- Tax/exercise withholding (code F): 2,671 shares @ $16.95 ($45,273); 2,034 @ $16.95 ($34,476); 1,867 @ $16.95 ($31,646); total withheld = 6,572 shares ($111,395).
- Net new shares retained by insider after withholding: 1,528 shares (8,100 exercised − 6,572 withheld).
- Footnotes: Options originated from grants on 2/22/2017, 2/12/2018, and 2/27/2019 and vested in equal installments over the first three anniversaries of each grant (per filing). F1 notes 401(k) record-keeper info as of 7/8/2026.
- Transaction codes: M = option exercise, F = payment of exercise price/tax liability (share withholding).
Context
- This was an option exercise with shares surrendered to cover taxes/exercise obligations (a cashless/share-withholding settlement), not an open-market sale for profit-taking.
- Such exercises are common when previously granted options vest; they do not necessarily indicate a buy/sell view on the stock by the insider.
- The filing shows the options were from older grants (2017–2019) that had vested; no 10% owner or 10b5-1 plan is indicated in the provided data.
- Shares owned after the transaction were not specified in the provided summary of the Form 4.
Insider Transaction Report
- Exercise/Conversion
Common Stock, $.01 par value
2026-07-08$14.11/sh+3,000$42,330→ 10,224 total - Tax Payment
Common Stock, $.01 par value
2026-07-08$16.95/sh−2,671$45,273→ 7,553 total - Exercise/Conversion
Common Stock, $.01 par value
2026-07-08$11.71/sh+2,550$29,861→ 10,103 total - Tax Payment
Common Stock, $.01 par value
2026-07-08$16.95/sh−2,034$34,476→ 8,069 total - Exercise/Conversion
Common Stock, $.01 par value
2026-07-08$10.01/sh+2,550$25,526→ 10,619 total - Tax Payment
Common Stock, $.01 par value
2026-07-08$16.95/sh−1,867$31,646→ 8,752 total - Exercise/Conversion
Stock Option (right to buy)
[F2]2026-07-08−3,000→ 0 totalExercise: $14.11From: 2018-02-22Exp: 2027-02-22→ Common Stock, $.01 par value (3,000 underlying) - Exercise/Conversion
Stock Option (right to buy)
[F3]2026-07-08−2,550→ 0 totalExercise: $11.71From: 2019-02-12Exp: 2028-02-12→ Common Stock, $.01 par value (2,550 underlying) - Exercise/Conversion
Stock Option (right to buy)
[F4]2026-07-08−2,550→ 0 totalExercise: $10.01From: 2020-02-27Exp: 2029-02-27→ Common Stock, $.01 par value (2,550 underlying)
- 8,596(indirect: By Trust)
Common Stock, $.01 par value
- 21,821(indirect: By 401(k))
Common Stock, $.01 par value
[F1]
Footnotes (4)
- [F1]Based on information provided by Voya, the record keeper of the First US Bancshares, Inc. 401(k) Plan as of 7/8/2026.
- [F2]These options were granted on 2/22/2017, and vested in equal installments on each of the first three anniversaries of the date of grant.
- [F3]These options were granted on 2/12/2018, and vested in equal installments on each of the first three anniversaries of the date of grant.
- [F4]These options were granted on 2/27/2019, and vested in equal installments on each of the first three anniversaries of the date of grant.