[Form 4] FIRST US BANCSHARES, INC. Insider Trading Activity

Rhea-AI Filing Summary

First US Bancshares, Inc. (FUSB) Form 4 reports that director Aubrey S. Miller received 52.45 phantom stock units on 09/30/2025 under the Non-Employee Directors' Deferred Compensation Plan. The units convert to common stock on a 1-for-1 basis and are to be settled in common stock at the end of the deferral period. The filing states the award includes 2.53 shares attributable to quarterly dividends accrued under the plan.

Following this transaction the reporting person beneficially owns 535.92 shares (ownership reported as direct). The form was signed by a power of attorney on 10/01/2025. The filing contains no earnings data or other executive departures.

Positive

• Director award is documented and transparent with clear conversion (1-for-1) and dividend accrual disclosure
• Beneficial ownership increased to 535.92 shares, reflecting the deferred-compensation settlement

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director deferred-compensation award converted into phantom stock units, increasing direct share holdings modestly.

The Form 4 documents a standard non-employee director deferred-compensation settlement that awards 52.45 phantom stock units, converting 1-for-1 to common shares and including 2.53 shares from accrued dividends. The increase to 535.92 beneficially owned shares is disclosed as direct ownership. This is a governance-level compensation disclosure with no indications of unusual dilution, related-party transactions, or governance concerns within the filing itself.

Executive Compensation Analyst

TL;DR: Director compensation was paid in phantom stock units under the standard deferred plan; settlement terms are customary.

The transaction is recorded as an acquisition (code A) of 52.45 phantom stock units under the Non-Employee Directors' Deferred Compensation Plan, with settlement in common stock at deferral end. The filing explicitly notes dividend-attributable shares (2.53) included in the total. The filing shows the per-unit price and resulting beneficial ownership figure but contains no additional cash compensation or accelerated vesting events disclosed.

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

1. Name and Address of Reporting Person^*

Miller Aubrey S

(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)
09/30/2025

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

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
Phantom Stock Units	(1)	09/30/2025		A		52.45(2)		(3)	(3)	Common Stock	52.45(2)	$12.02	535.92	D

Explanation of Responses:

1. The units convert to common stock on a 1-for-1 basis.

2. Includes 2.53 shares attributable to quarterly dividends accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan.

3. The phantom stock units were accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan and are to be settled in common stock at the end of the deferral period.

	/s/Beverly J. Dozier, by power of attorney	10/01/2025
	** 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.

FAQ

What did FUSB director Aubrey S. Miller receive on 09/30/2025?

The director was granted 52.45 phantom stock units under the Non-Employee Directors' Deferred Compensation Plan, which convert 1-for-1 to common stock.

How many shares does the reporting person beneficially own after the transaction?

The Form 4 reports 535.92 shares beneficially owned following the reported transaction, with ownership listed as direct.

Does the filing state any dividend-related accruals?

Yes, the grant includes 2.53 shares attributable to quarterly dividends accrued under the deferred compensation plan.

Will the phantom stock units be settled in cash or stock?

The filing states the phantom stock units are to be settled in common stock at the end of the deferral period.

Was this Form 4 signed by the reporting person?

The form was executed by /s/ Beverly J. Dozier, by power of attorney and dated 10/01/2025.