How many U S Global Investors (GROW) shares are now held by the related accounts?

The filing states aggregate beneficial ownership of 1,100,767 Class A non-voting shares across four accounts. These are Gator Financial Partners, LLC, Gator Qualified Partners, LLC, ECA Fund, LP, and a managed account, all under Gator Capital Management, LLC’s investment discretion.

Adviser for U S Global (GROW) adds 38,293 non-voting shares in May

Filing Impact

(Neutral)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

U S Global Investors Inc saw adviser-managed client accounts associated with control person Derek Steven Pilecki buy a net 38,293 shares of Class A non-voting common stock in open-market transactions during May 2026, at prices around $2.55–$2.63 per share.

According to the disclosure, a total of 1,100,767 shares is held across Gator Financial Partners, LLC, Gator Qualified Partners, LLC, ECA Fund, LP, and a managed account, and Gator Capital Management, LLC disclaims beneficial ownership except to the extent of its pecuniary interest. The Form 4 notes that it is being filed late.

Insider Trade Summary

Net Buyer: 38,293 shares ($98,313)

Net Buy 9 txns

Insider Pilecki Derek Steven

Role null

Bought 38,293 shs ($98K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock (Non-Voting)	1,376	$2.60	$4K
Purchase	Class A Common Stock (Non-Voting)	23,910	$2.5482	$61K
Purchase	Class A Common Stock (Non-Voting)	3,601	$2.5531	$9K
Purchase	Class A Common Stock (Non-Voting)	404	$2.55	$1K
Purchase	Class A Common Stock (Non-Voting)	5,354	$2.6198	$14K
Purchase	Class A Common Stock (Non-Voting)	208	$2.62	$544.96
Purchase	Class A Common Stock (Non-Voting)	2,976	$2.62	$8K
Purchase	Class A Common Stock (Non-Voting)	259	$2.61	$675.99
Purchase	Class A Common Stock (Non-Voting)	205	$2.63	$539.15

Holdings After Transaction: Class A Common Stock (Non-Voting) — 1,100,767 shares (Indirect, Investment adviser with discretion over multiple client accounts (See Footnotes))

Footnotes (1)

Shares purchased in Gator Qualified Partners, LLC, an account over which Gator Capital Management, LLC exercises investment discretion. Shares purchased in Gator Financial Partners, LLC, an account over which Gator Capital Management, LLC exercises investment discretion. As of the date of this report, the Reporting Person's aggregate beneficial ownership of 1,100,767 shares is held across the following accounts: Gator Financial Partners, LLC (918,175 shares); Gator Qualified Partners, LLC (101,670 shares); ECA Fund, LP (74,922 shares); Managed Account (6,000 shares). Gator Capital Management, LLC disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein. The price reported is a weighted average price. The reporting person will provide full information regarding the number of shares purchased at each separate price upon request to the SEC staff or the issuer. This Form 4 is being filed late.

Key Figures

Net shares bought: 38,293 shares Purchase price example: $2.5482 per share Purchase price range: $2.55–$2.63 per share +5 more

8 metrics

Net shares bought 38,293 shares Total open-market purchases in May 2026

Purchase price example $2.5482 per share Open-market buy on May 21, 2026

Purchase price range $2.55–$2.63 per share Approximate range across reported May 2026 trades

Total shares following transactions 1,100,767 shares Aggregate beneficial ownership across specified accounts as of report date

Gator Financial Partners holding 918,175 shares Portion of the 1,100,767 aggregate shares

Gator Qualified Partners holding 101,670 shares Portion of the 1,100,767 aggregate shares

ECA Fund holding 74,922 shares Portion of the 1,100,767 aggregate shares

Managed account holding 6,000 shares Portion of the 1,100,767 aggregate shares

Key Terms

Class A Common Stock (Non-Voting), open-market purchase, beneficial ownership, investment discretion, +2 more

6 terms

Class A Common Stock (Non-Voting) financial

"security_title: "Class A Common Stock (Non-Voting)""

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

beneficial ownership financial

"the Reporting Person's aggregate beneficial ownership of 1,100,767 shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

investment discretion financial

"an account over which Gator Capital Management, LLC exercises investment discretion"

weighted average price financial

"The price reported is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

pecuniary interest financial

"disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein"

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Form 4 Insider Transactions: What Each Field Means →

06/02/2026 - 04:37 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^*

Pilecki Derek Steven

(Last)

(First)

(Middle)

2502 N. ROCKY POINT DR.

SUITE 665

(Street)

TAMPA

FLORIDA

33607

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
U S GLOBAL INVESTORS INC [ GROW ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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)
Class A Common Stock (Non-Voting)	05/01/2026		P		205	A	$2.63	1,062,679	I	Investment adviser with discretion over multiple client accounts (See Footnotes)⁽¹⁾⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock (Non-Voting)	05/06/2026		P		259	A	$2.61	1,062,938	I	Investment adviser with discretion over multiple client accounts (See Footnotes)⁽¹⁾⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock (Non-Voting)	05/07/2026		P		2,976	A	$2.62	1,065,914	I	Investment adviser with discretion over multiple client accounts (See Footnotes)⁽¹⁾⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock (Non-Voting)	05/08/2026		P		208	A	$2.62	1,066,122	I	Investment adviser with discretion over multiple client accounts (See Footnotes)⁽¹⁾⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock (Non-Voting)	05/11/2026		P		5,354	A	$2.6198	1,071,476	I	Investment adviser with discretion over multiple client accounts (See Footnotes)⁽¹⁾⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock (Non-Voting)	05/12/2026		P		404	A	$2.55	1,071,880	I	Investment adviser with discretion over multiple client accounts (See Footnotes)⁽¹⁾⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock (Non-Voting)	05/13/2026		P		3,601	A	$2.5531	1,075,481	I	Investment adviser with discretion over multiple client accounts (See Footnotes)⁽¹⁾⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock (Non-Voting)	05/21/2026		P		23,910	A	$2.5482	1,099,391	I	Investment adviser with discretion over multiple client accounts (See Footnotes)⁽¹⁾⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock (Non-Voting)	05/28/2026		P		1,376	A	$2.6	1,100,767	I	Investment adviser with discretion over multiple client accounts (See Footnotes)⁽²⁾⁽³⁾⁽⁴⁾⁽⁵⁾

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)

Explanation of Responses:

1. Shares purchased in Gator Qualified Partners, LLC, an account over which Gator Capital Management, LLC exercises investment discretion.

2. Shares purchased in Gator Financial Partners, LLC, an account over which Gator Capital Management, LLC exercises investment discretion.

3. As of the date of this report, the Reporting Person's aggregate beneficial ownership of 1,100,767 shares is held across the following accounts: Gator Financial Partners, LLC (918,175 shares); Gator Qualified Partners, LLC (101,670 shares); ECA Fund, LP (74,922 shares); Managed Account (6,000 shares). Gator Capital Management, LLC disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein.

4. The price reported is a weighted average price. The reporting person will provide full information regarding the number of shares purchased at each separate price upon request to the SEC staff or the issuer.

5. This Form 4 is being filed late.

	/s/ Derek Pilecki	06/02/2026
	** 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 the Form 4 for U S Global Investors (GROW) report?

The Form 4 reports open-market purchases of Class A non-voting common stock linked to adviser-managed client accounts. Across nine trades in May 2026, these accounts acquired 38,293 shares, reflecting ongoing accumulation rather than sales.

How many U S Global Investors (GROW) shares were bought in this filing?

Adviser-managed client accounts associated with the reporting person bought 38,293 Class A non-voting shares. These purchases occurred over multiple days in May 2026, as summarized in the transaction totals within the Form 4 filing.

What prices were paid for GROW shares in the reported transactions?

The reported open-market purchases were made at prices mostly between $2.55 and $2.63 per share. Individual trades show prices such as $2.5482, $2.5531, $2.60, and $2.63, with some prices disclosed as weighted averages.

Who actually holds the GROW shares reported in Derek Steven Pilecki’s Form 4?

The shares are held in client accounts including Gator Financial Partners, LLC, Gator Qualified Partners, LLC, ECA Fund, LP, and a managed account. Gator Capital Management, LLC exercises investment discretion and disclaims beneficial ownership beyond its pecuniary interest.

Was the U S Global Investors (GROW) Form 4 filed on time?

The Form 4 explicitly states that it is being filed late. This note appears in the footnotes, indicating the report was not submitted within the standard SEC deadline for insider transaction reporting.