WYCOFF W KIRK 4
Research Summary
AI-generated summary
USCB Financial Director W. Kirk Wycoff Exercises 7,500 Options
What Happened
- W. Kirk Wycoff, a director and reported 10% owner, exercised 7,500 stock options in USCB Financial Holdings on 2026-02-05 at a $7.50 strike price, paying $56,250 in total. The Form 4 also shows a concurrent derivative disposition of 7,500 shares at $0.00 (not an open-market sale). The transaction code reported for the exercise is M (option exercise/conversion).
Key Details
- Transaction date: 2026-02-05; Filing date: 2026-02-06 (timely filed).
- Exercise: 7,500 shares acquired at $7.50 each — total $56,250.
- Disposition: 7,500 shares reported disposed at $0.00 (derivative entry).
- Shares owned after transaction (per footnote): Manager LP holds 7,500 shares; Patriot Fund II holds 1,662,420 shares; Patriot Parallel Fund II holds 193,866 shares.
- Notable footnotes: this Form 4 is filed jointly by several Patriot entities and individuals; Wycoff received the options as a director and the options have standard post‑termination exercise limits. The filing includes disclaimers about beneficial ownership by the Funds and Manager LP.
Context
- This was an options exercise (acquisition) rather than an open-market purchase. The zero-dollar disposition line is not a market sale — such lines commonly reflect share withholding or internal transfers related to option exercises or tax/administrative treatment. As a reported 10% owner and director, Wycoff’s filing is part of a joint reporting group that includes Patriot funds and management entities.