HOLMES FRANK E 4

What Happened Frank E. Holmes, listed as a 10% owner of U S Global Investors (GROW), acquired 963 shares on 2026-03-31 at $2.48 per share, for a total reported value of $2,388. The transaction is reported on a Form 4 as code J ("other acquisition") and is disclosed as a restricted stock purchase under the company's employee stock purchase plan (see footnote).

Key Details

• Transaction date: 2026-03-31; Price: $2.48 per share; Total: $2,388.
• Transaction code: J (other acquisition / specified as restricted stock purchase).
• Footnote: F1 — Restricted stock purchase under employee stock purchase plan (ESPP).
• Shares owned after transaction: Not specified in this filing.
• Filing date: 2026-04-01 (filed promptly; within Form 4 timing requirements).

Context This was a small-dollar purchase through the company's ESPP rather than an open-market investment or option exercise. Purchases can be a more informative signal than sales, but this single, modest ESPP acquisition by a 10% owner is a routine insider transaction and should not be taken alone as a strong indicator of broader insider sentiment.