HOLMES FRANK E 4

What Happened

• Frank E. Holmes, listed as a 10% owner of U.S. Global Investors (ticker: GROW), acquired 719 shares on 2026-01-30 at $3.32 per share, a total cost of $2,387. The transaction is reported as an "other acquisition" (code J) and is documented as a restricted stock purchase under the company's employee stock purchase plan. This was a purchase (an accumulation), not a sale.

Key Details

• Transaction date: 2026-01-30; Price: $3.32 per share; Shares acquired: 719; Total value: $2,387.
• Filing date: 2026-02-02; Period of report: 2026-01-30; Accession: 0001251824-26-000002.
• Footnote: Restricted stock purchase under employee stock purchase plan (F1).
• Insider status: Holmes is a 10% owner — a major owner filing rather than a routine executive open-market trade.
• Shares owned after transaction: Not specified in the provided summary; see the full Form 4 for total beneficial ownership.
• No indication in the provided data that the filing was late.

Context

• This was a small-value restricted purchase under an employee purchase plan — such purchases can reflect routine participation in company plans rather than a strong directional signal about future performance. As a 10% owner, Holmes' purchases are recorded under beneficial ownership rules and should be viewed as part of his broader stake in the company.