Richard Jodi L 4

What Happened
Jodi L. Richard, Vice Chair of US Bancorp (USB), sold 40,000 shares in an open-market transaction on April 21, 2026. The Form 4 reports a weighted average sale price of $57.00, for reported proceeds of $2,280,040. This was a sale (not a purchase or option exercise) — sales are common insider activity and do not necessarily indicate a change in company outlook.

Key Details

• Transaction date: 2026-04-21 (filed with SEC on 2026-04-22)
• Transaction type: Open-market sale (Form 4 code S)
• Shares sold: 40,000
• Reported weighted-average price: $57.00; total reported proceeds: $2,280,040
• Price range (footnote): actual sale prices ranged from $57.00 to $57.08; issuer/SEC staff can request a breakdown of shares sold at each price (Footnote F1)
• Shares owned after transaction: not specified in the provided excerpt — check the full Form 4 for post-transaction holdings
• Timeliness: Filed one day after the trade date; not flagged as late in the provided info

Context
Insider sales are often routine (for diversification, tax planning, liquidity, etc.) and should be interpreted with caution; purchases can be a stronger signal of insider confidence. For a fuller picture, retail investors may review the complete Form 4 for total holdings, any 10b5-1 trading plans, and recent patterns of insider transactions.