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USCB FINANCIAL HOLDINGS, INC.·4

May 19, 1:53 PM ET

DE LA AGUILERA LUIS 4

Research Summary

AI-generated summary

Updated

USCB CEO Luis De La Aguilera Exercises Options, Sells Shares

What Happened

  • Luis De La Aguilera, President, CEO and Director of USCB Financial Holdings (USCB), exercised stock options to acquire a total of 3,290 shares (805 on 2026-05-15 and 2,485 on 2026-05-18) at an exercise price of $12.05 per share (total exercise cost ~$39,644). He then sold the same 3,290 shares in open-market transactions (805 shares on 5/15 and 2,485 shares on 5/18) for combined proceeds of about $59,409. The transactions produced gross proceeds of ~$59.4K and, after exercise costs of ~$39.6K, a net cash difference of roughly $19.8K. The Form 4 shows corresponding derivative dispositions at $0 consistent with conversion/surrender of the exercised option interests.

Key Details

  • Transaction dates and prices:
    • 2026-05-15: exercised 805 shares @ $12.05 (acquired; $9,700) and sold 805 shares @ weighted $18.05 (proceeds $14,530; sales price range $18.02–$18.19 per F2).
    • 2026-05-18: exercised 2,485 shares @ $12.05 (acquired; $29,944) and sold 2,485 shares @ weighted $18.06 (proceeds $44,879; sales price range $18.00–$18.17 per F3).
  • Net cash effect (approx): sale proceeds ~$59,409 − exercise cost ~$39,644 = ~$19,765.
  • Shares owned after transaction: not specified in the excerpted items. The filing’s footnotes list restricted stock holdings totaling 90,445 shares subject to vesting schedules (see F1).
  • Vesting/option background: the related stock options vested one‑third per year beginning Sept. 27, 2022 (F4).
  • Filing timeliness: Form 4 was filed on 2026-05-19 for transactions on 5/15 and 5/18; the filing is timely under the two‑business‑day rule.

Context

  • This was an exercise of options followed by immediate open‑market sales (a cashless/close‑out pattern): the insider converted options into shares and sold them the same days. Such transactions commonly reflect liquidity or compensation realization rather than a directional endorsement or rejection of the company’s outlook. The filing’s weighted sale prices and price ranges (F2, F3) indicate the sales occurred in multiple trades.