GROW CEO acquires 963 shares via stock plan

U S Global Investors Inc CEO/CIO Frank E. Holmes reported a Form 4 showing an “other” transaction involving 963 shares of Class A Common Stock at $2.48 per share.

Rhea-AI Filing Summary

U S Global Investors Inc CEO/CIO Frank E. Holmes reported a Form 4 showing an “other” transaction involving 963 shares of Class A Common Stock at $2.48 per share. A footnote explains this was a restricted stock purchase under an employee stock purchase plan.

Following the transaction, Holmes directly holds 299,213 Class A shares. He also has indirect holdings of 32,862 shares through an IRA and 221,656.77 shares through a 401(k), reflecting both personal and retirement-plan ownership stakes in the company.

Insider Trade Summary

Other: 963 shares

Other 3 txns

Insider HOLMES FRANK E

Role CEO/CIO

Type	Security	Shares	Price	Value
Other	Class A Common Stock	963	$2.48	$2K
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 299,213 shares (Direct); Class A Common Stock — 32,862 shares (Indirect, IRA); Class A Common Stock — 221,656.77 shares (Indirect, 401(k))

Footnotes (1)

1. F1. Restricted stock purchase under employee stock purchase plan.

Key Figures

Restricted stock purchase: 963 shares Purchase price: $2.48 per share Direct holdings after transaction: 299,213 shares +2 more

5 metrics

Restricted stock purchase 963 shares Class A Common Stock, code J transaction on March 31, 2026

Purchase price $2.48 per share Restricted stock purchase under employee stock purchase plan

Direct holdings after transaction 299,213 shares Class A Common Stock held directly by Frank E. Holmes

Indirect IRA holdings 32,862 shares Class A Common Stock held indirectly through IRA

Indirect 401(k) holdings 221,656.77 shares Class A Common Stock held indirectly through 401(k)

Key Terms

Restricted stock purchase, employee stock purchase plan, Class A Common Stock, indirect ownership, +1 more

5 terms

Restricted stock purchase financial

"Restricted stock purchase under employee stock purchase plan."

employee stock purchase plan financial

"Restricted stock purchase under employee stock purchase plan."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Class A Common Stock financial

"security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

indirect ownership financial

"direct_or_indirect: I, nature_of_ownership: IRA"

401(k) financial

"nature_of_ownership: 401(k)"

A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.

FAQ

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

What insider transaction did GROW CEO Frank Holmes report on this Form 4?

Frank Holmes reported an “other” transaction involving 963 shares of Class A Common Stock at $2.48 per share. A footnote states this was a restricted stock purchase under an employee stock purchase plan, indicating compensation-related share acquisition rather than an open-market trade.

How many U S Global Investors (GROW) shares does Frank Holmes now hold directly?

After the reported transaction, Frank Holmes holds 299,213 Class A Common Stock shares directly. This figure reflects his direct ownership position following the restricted stock purchase connected to the employee stock purchase plan noted in the Form 4 filing’s footnote.

What indirect GROW share holdings does Frank Holmes report in retirement accounts?

Holmes reports 32,862 Class A shares held indirectly through an IRA and 221,656.77 shares held indirectly through a 401(k). These retirement-account positions are listed as indirect ownership and complement his larger direct holding disclosed in the same Form 4 filing.

Was the GROW insider transaction an open-market buy or sell of shares?

The transaction was coded as “J” (other) and described as a restricted stock purchase under an employee stock purchase plan. This indicates a compensation or plan-related acquisition, not a standard open-market purchase or sale on a public exchange by the executive.

What does the “J” code mean in Frank Holmes’ GROW Form 4 filing?

The “J” code signifies “other acquisition or disposition” of securities. In this filing, a footnote clarifies that the J-coded event was a restricted stock purchase under an employee stock purchase plan, distinguishing it from typical market buys, sells, or option exercises.

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

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Accepted by SEC EDGAR 04/01/2026 - 02:32 PM EDT 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^*

HOLMES FRANK E

(Last) (First) (Middle)

7900 CALLAGHAN ROAD

(Street)

SAN ANTONIO TEXAS 78229

(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)

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

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/31/2026	03/31/2026	J(1)		963	A	$2.48	299,213	D
Class A Common Stock								32,862	I	IRA
Class A Common Stock								221,656.77	I	401(k)

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

Explanation of Responses:

1. Restricted stock purchase under employee stock purchase plan.

	Lisa Callicotte	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)