First US Bancshares director exercises 1,500 stock options

First US Bancshares director John Lee McPhearson reported exercising stock options and increasing his direct common stock holdings.

Rhea-AI Filing Summary

First US Bancshares director John Lee McPhearson reported exercising stock options and increasing his direct common stock holdings. On 01/27/2026 he exercised a stock option for 1,500 shares of common stock at $8.30 per share, leaving no stock options of that grant outstanding.

Following the transaction, he directly owned 11,708 shares of First US Bancshares common stock. The filing also shows indirect ownership of 3,000 shares held by his spouse and 1,500 shares held by McPhearson Land Holdings, LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

1,500 shares exercised/converted

Exercise 4 txns

Insider McPhearson John Lee

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	1,500	$0.00	$0.00
Exercise	Common Stock, $.01 par value	1,500	$8.30	$12K
holding	Common Stock, $.01 par value	--	--	--
holding	Common Stock, $.01 par value	--	--	--

Holdings After Transaction: Stock Option (right to buy) — 0 contracts (Direct); Common Stock, $.01 par value — 11,708 shares (Direct); Common Stock, $.01 par value — 3,000 shares (Indirect, By Spouse); Common Stock, $.01 par value — 1,500 shares (Indirect, By McPhearson Land Holdings, LLC)

Footnotes (1)

1. F1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FUSB director John Lee McPhearson report?

Director John Lee McPhearson reported exercising a stock option for 1,500 shares of First US Bancshares common stock. The transaction occurred on January 27, 2026 at an exercise price of $8.30 per share and eliminated his remaining holdings of that specific option grant.

How many FUSB shares does John Lee McPhearson own directly after this Form 4?

After the reported transaction, John Lee McPhearson directly owns 11,708 shares of First US Bancshares common stock. This reflects the addition of 1,500 shares acquired through an option exercise on January 27, 2026, as disclosed in the Form 4 filing.

What happened to John Lee McPhearson’s FUSB stock option position?

McPhearson exercised a stock option for 1,500 shares of First US Bancshares common stock at $8.30 per share. The option, originally exercisable from February 24, 2017 until February 24, 2026, now has zero derivative securities beneficially owned following the reported transaction.

What indirect FUSB share holdings are reported for John Lee McPhearson?

The filing shows indirect ownership of 3,000 First US Bancshares common shares held by his spouse and 1,500 shares held by McPhearson Land Holdings, LLC. He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in those holdings.

What transaction code is used in John Lee McPhearson’s FUSB Form 4?

The filing uses transaction code “M,” indicating an exercise or conversion of a derivative security. In this case, it reflects the exercise of a stock option into 1,500 shares of First US Bancshares common stock at an exercise price of $8.30 per share.

Who signed the Form 4 reporting John Lee McPhearson’s FUSB transactions?

The Form 4 is signed "/s/ Beverly J. Dozier, by power of attorney" on January 28, 2026. This indicates Beverly J. Dozier executed the filing under a power of attorney granted by director John Lee McPhearson for reporting his ownership and transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/28/2026 - 02:29 PM EST Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McPhearson John Lee

(Last) (First) (Middle)

3291 US HIGHWAY 280

(Street)

BIRMINGHAM AL 35243

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST US BANCSHARES, INC. [ FUSB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.01 par value	01/27/2026		M		1,500	A	$8.3	11,708	D
Common Stock, $.01 par value								3,000	I	By Spouse
Common Stock, $.01 par value								1,500	I	By McPhearson Land Holdings, LLC(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$8.3	01/27/2026		M			1,500	02/24/2017	02/24/2026	Common Stock	1,500	$0	0	D

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

	/s/Beverly J. Dozier, by power of attorney	01/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.