Frost Houston Korth 4

What Happened

• Frost Houston Korth, Senior Vice President and Chief Product Officer of Usio, had restricted stock units (RSUs) vest on Feb 21, 2026 and those RSUs converted into common stock. The report shows an acquisition of 4,000 shares at $1.34 each (total $5,360) and a simultaneous disposition of 4,000 shares at $1.34 (total $5,360).

Key Details

• Transaction date: 2026-02-21; per-share price shown: $1.34; total reported value per leg: $5,360.
• Nature of transaction: Conversion of vested RSUs (derivative conversion; reporting code M) — footnote states RSUs were granted 2023-02-21 and vested 2026-02-21.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing date: 2026-03-09 for a 2026-02-21 transaction — this appears to be filed later than the typical 2-business-day Form 4 deadline.

Context

• The filing records both the conversion (acquisition) and an equal disposal on the same date. The footnote confirms these shares arose from vested RSUs converted to common stock. The filing does not specify the reason for the simultaneous disposal (e.g., tax withholding or a sale), so no inference about intent or sentiment should be assumed.