COLLAZO ANDRES 4

What Happened

• Andres Collazo, EVP of Operations & IT at USCB Financial Holdings (USCB), exercised 8,000 options at $7.50 per share (cost = $60,000) and on the same reporting period sold 8,000 shares in an open-market transaction at $18.27 per share (proceeds ≈ $146,160). Separately, 429 shares were disposed at $18.45 (≈ $7,915) to cover tax withholding. The filing also shows an earlier derivative entry recorded on 2026-03-06 for 8,000 shares at $0.00 (related to the option/derivative conversion).

Key Details

• Transaction dates and prices:
  • 2026-03-07: Exercised 8,000 options at $7.50 (M) — $60,000 paid.
  • 2026-03-07: Sold 8,000 shares at $18.27 (S) — ≈ $146,160 proceeds.
  • 2026-03-08: 429 shares disposed at $18.45 (F) — ≈ $7,915 for tax withholding.
  • 2026-03-06: Derivative exercise/conversion recorded for 8,000 shares at $0.00 (M).
• Shares owned after the transactions: not specified in the provided filing.
• Notable footnotes:
  • F1: Details several restricted-stock grants and vesting schedules (including portions vesting one‑third per year from 2025–2027).
  • F2 & F3: Note prior option grants that vest at one‑third per year from 2017 and 2022.
• Filing timeliness: Form 4 was filed March 10, 2026, reporting transactions dated March 6–8. SEC Form 4 is typically due within two business days of a transaction — check the official filing for any timeliness designation.

Context

• This appears to be an option exercise followed by an immediate sale (a common cashless exercise pattern): options converted to shares and shares sold to realize value and cover taxes (the 429‑share disposal is listed as tax withholding).
• Transaction codes: M = exercise/conversion of derivative (options), S = sale, F = payment of exercise price or tax liability (share withholding).
• These sales are routine insider activity to monetize vested options/restricted stock; they are factual disclosures and do not, by themselves, indicate the insider’s view of the company’s prospects.