GROW (GROW) CEO Frank Holmes adds shares through employee stock plan
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
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)
Footnotes (1)
- [object Object]
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
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.
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.