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

Rhea-AI Filing Summary

John Lee McPhearson, a director of First US Bancshares, Inc. (FUSB), reported the acquisition on 09/30/2025 of 71.28 phantom stock units under the company’s Non-Employee Directors' Deferred Compensation Plan. The filing states these phantom stock 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.

After the reported transaction the filing shows 12,377.19 shares beneficially owned following the transaction and records a per-share price of $12.02 associated with the entry. The form was submitted by power of attorney on 10/01/2025.

Positive

• Director equity alignment: 71.28 phantom stock units converting 1-for-1 to common stock indicates director compensation is being deferred into equity
• Transparent disclosure: Form 4 reports post-transaction beneficial ownership of 12,377.19 shares and the associated $12.02 price

Negative

• None.

Insights

Financial Analyst

TL;DR: Director compensation converted into equity increases reported beneficial ownership by 71.28 shares, a routine disclosure with limited market impact.

The Form 4 documents a director-level accrual under the Non-Employee Directors' Deferred Compensation Plan resulting in 71.28 phantom stock units that convert 1-for-1 to common stock. The post-transaction beneficial ownership is reported as 12,377.19 shares, and the form lists a price of $12.02. This appears to be a routine settlement/accrual of director compensation rather than a market purchase or sale. Financial impact on the company is immaterial based on the disclosed amounts alone.

Corporate Governance Expert

TL;DR: Disclosure reflects standard director deferred-compensation settlement into equity; consistent with aligning director interests with shareholders.

The filing specifies that the phantom stock units were accrued under the Non-Employee Directors' Deferred Compensation Plan and will be settled in common stock at the end of the deferral period. This is a typical governance practice to align directors with shareholder outcomes. The transaction type is recorded as an acquisition of deferred units rather than an open-market trade.

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^*

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)
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		71.28(2)		(3)	(3)	Common Stock	71.28(2)	$12.02	12,377.19	D

Explanation of Responses:

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

2. 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 John Lee McPhearson report on Form 4 for FUSB?

He reported an acquisition of 71.28 phantom stock units under the Non-Employee Directors' Deferred Compensation Plan on 09/30/2025 that convert 1-for-1 to common stock.

How many shares does McPhearson beneficially own after the transaction?

The Form 4 shows 12,377.19 shares beneficially owned following the reported transaction.

What is the reported price associated with the reported units?

The filing lists a price of $12.02 in connection with the reported entry.

Are the phantom stock units 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.

When was the Form 4 signed and filed?

The signature by power of attorney is dated 10/01/2025 and the transaction date is 09/30/2025.