Dilip Venkatachari 4

What Happened

• Dilip Venkatachari, Senior EVP & Chief Information & Technology Officer of US Bancorp (USB), had a total of 7,750 shares disposed to satisfy exercise price/tax obligations following option-related activity. The withholdings occurred in three tranches and totaled about $429,382 received by the issuer or withheld for taxes.

Key Details

• Transactions:
  • 2026-02-27: 2,218 shares at $57.26 each — $127,003
  • 2026-02-28: 1,976 shares at $54.66 each — $108,008
  • 2026-03-02: 3,556 shares at $54.66 each — $194,371
• Total shares disposed: 7,750; total value ≈ $429,382.
• Transaction code F: payment of exercise price or tax liability (shares were withheld/disposed to cover taxes/exercise costs).
• Filing: Form 4 filed 2026-03-03 (covers transactions dated 2026-02-27 through 2026-03-02); filing appears timely (filed within required business-day window).
• Shares owned after the transaction: not specified in the supplied data (refer to the full Form 4 for post-transaction holdings).

Context

• Code F transactions typically reflect withholding of shares to satisfy tax or exercise-price obligations after option exercises (a net-share or cashless settlement), not an open-market sale for investment purposes. Such routine withholdings are common and do not necessarily indicate a change in the insider’s view of the company.