Mabowitz Eric H 4

What Happened

• Eric H. Mabowitz, SEVP, Chief Risk Officer, Chief Compliance Officer & CRA Officer of First US Bancshares, exercised a total of 11,600 stock options on 2026-07-08, acquiring 11,600 shares. The exercises show option strike amounts of $14.11 (5,000 shares), $11.71 (3,600 shares) and $10.01 (3,000 shares) for a combined exercise cost of $142,736.
• To satisfy tax and/or exercise-price obligations, 9,353 shares were surrendered/withheld (reported as dispositions) at a market/withholding price of $16.95, with a total value of approximately $158,533. After withholding, Mabowitz retained a net 2,247 shares from these transactions.
• These are option-exercise transactions (code M) with accompanying tax-withholding/share-for-tax entries (code F); not an open-market purchase or sale for investment purposes.

Key Details

• Transaction date: 2026-07-08 (Form filed 2026-07-09; filing appears timely).
• Options exercised:
  • 5,000 shares @ $14.11 = $70,550
  • 3,600 shares @ $11.71 = $42,156
  • 3,000 shares @ $10.01 = $30,030
  • Total exercise cost: $142,736
• Shares withheld/disposed for taxes or payment (F):
  • 4,408 shares @ $16.95 = $74,716
  • 2,813 shares @ $16.95 = $47,680
  • 2,132 shares @ $16.95 = $36,137
  • Total withheld value: $158,533
• Net shares retained from this event: 11,600 exercised − 9,353 withheld = 2,247 shares.
• Footnotes: F1 = Voya is record keeper for the company 401(k) as of 7/8/2026. F2–F4 = option grant dates (2/22/2017; 2/12/2018; 2/27/2019) and standard vesting in equal installments over three years.
• Shares owned after the transactions are not specified in the provided filing excerpt.

Context

• This is an options exercise with shares withheld to cover tax/withholding obligations (a common cashless-type result), not a directional open-market purchase or sale by the insider. The derivative entries reported at $0 reflect cancellation of the exercised options.
• For retail investors: exercises followed by withholding are routine and do not necessarily signal a bullish or bearish view; they often reflect option vesting and standard tax withholding practices.