Director at First US Bancshares (NASDAQ: FUSB) granted 392 phantom units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Gordon Stephen Nathaniel reported acquisition or exercise transactions in this Form 4 filing.

FIRST US BANCSHARES, INC. director Gordon Stephen Nathaniel received a grant of 392.160 Phantom Stock Units on March 31, 2026. These units were awarded at a reference price of $15.30 per unit and are linked to the company’s common stock on a 1-for-1 basis.

The Phantom Stock Units were accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan and will be settled in common stock at the end of the deferral period. Following this grant, the director holds 392.160 Phantom Stock Units, reflecting routine, compensation-related equity for board service rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gordon Stephen Nathaniel

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	392.16	$15.30	$6K

Holdings After Transaction: Phantom Stock Units — 392.16 shares (Direct)

Footnotes (1)

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

Key Figures

Phantom Stock Units granted: 392.160 units Grant reference price: $15.30 per unit Post-grant Phantom Stock Units holding: 392.160 units +2 more

5 metrics

Phantom Stock Units granted 392.160 units Grant to director on March 31, 2026

Grant reference price $15.30 per unit Reported transaction price for Phantom Stock Units

Post-grant Phantom Stock Units holding 392.160 units Total units directly held following this transaction

Underlying common shares 392.160 shares 1-for-1 conversion of units into common stock

Conversion ratio 1-for-1 Each Phantom Stock Unit converts into one common share

Key Terms

Phantom Stock Units, Non-Employee Directors' Deferred Compensation Plan, deferral period

3 terms

Phantom Stock Units financial

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

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Non-Employee Directors' Deferred Compensation Plan financial

"accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan"

deferral period financial

"to be settled in common stock at the end of the deferral period"

Form 4 Insider Transactions: What Each Field Means →

04/01/2026 - 03:50 PM

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^*

Gordon Stephen Nathaniel

(Last)

(First)

(Middle)

3291 US HIGHWAY 280

(Street)

BIRMINGHAM

ALABAMA

35243

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽¹⁾	03/31/2026		A		392.16		⁽²⁾	⁽²⁾	Common Stock	392.16	$15.3	392.16	D

Explanation of Responses:

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

2. 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	04/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did FUSB director Gordon Stephen Nathaniel report in this Form 4?

He reported receiving a grant of 392.160 Phantom Stock Units. These units were awarded as compensation for board service and are tied to First US Bancshares common stock on a 1-for-1 basis, to be settled in shares at a later date.

How many Phantom Stock Units did the FUSB director receive?

The director received 392.160 Phantom Stock Units. Each unit represents a right linked to one share of First US Bancshares common stock, awarded under a deferred compensation plan and settleable in stock at the end of the deferral period.

What is the conversion ratio of the Phantom Stock Units at First US Bancshares (FUSB)?

The Phantom Stock Units convert to common stock on a 1-for-1 basis. This means each unit corresponds to one share of First US Bancshares common stock when the award is ultimately settled after the specified deferral period.

At what reference price were the FUSB Phantom Stock Units granted?

The Phantom Stock Units were granted at a reference price of $15.30 per unit. This price is used for reporting purposes in the Form 4 and does not represent an open-market purchase or sale by the director.

When will the FUSB Phantom Stock Units be settled into common stock?

The Phantom Stock Units will be settled in common stock at the end of the deferral period. They were accrued under the First US Bancshares, Inc. Non-Employee Directors' Deferred Compensation Plan, which governs the timing and terms of settlement.

Is this FUSB Form 4 a market buy or sell of common shares?

No, it reports a compensation-related grant of Phantom Stock Units, not a market trade. The director did not buy or sell common stock in the open market; instead, he received equity-linked units under a deferred compensation plan.