Beyer del la Garza Ernesto R 4

What Happened Ernesto R. Beyer del la Garza, a director of Usio, Inc. (USIO), received 7,000 shares of common stock on 2026-03-16 due to the vesting and conversion of restricted stock units. The reported per-share conversion price is $1.21, for a total value of $8,470. The same filing also shows a simultaneous disposition of 7,000 derivative shares at the same $1.21 price/value; the filing does not specify the reason for that disposition.

Key Details

• Transaction date: March 16, 2026 (Form 4 filed March 18, 2026 — timely)
• Reported amounts: 7,000 shares acquired via conversion @ $1.21 ($8,470); 7,000 shares reported disposed @ $1.21 ($8,470)
• Transaction code: M (exercise or conversion of a derivative security)
• Footnote: These shares resulted from RSUs granted March 16, 2023 that vested and converted on March 16, 2026 (Footnote F1)
• Shares owned after transaction: Not specified in the provided filing excerpt
• No 10b5-1 plan, tax-withholding, or sale-for-cashless-exercise details are disclosed in the excerpt

Context This was not an open-market purchase or a voluntary sale by the insider but a routine RSU vesting and conversion to common stock (derivative exercise/ conversion). Such conversions are typically administrative (vesting) events; the simultaneous disposition may reflect withholding, a related transfer, or other administrative action, but the filing does not state the reason.