U.S. Global Investors (GROW) CFO adds 285 shares via stock plan

Rhea-AI Filing Summary

U.S. Global Investors CFO Lisa Callicotte reported a small share purchase in a Form 4 filing. On January 30, 2026, she acquired 285 shares of Class A common stock at $3.32 per share through a restricted stock purchase under the company’s employee stock purchase plan. Following this transaction, she directly owns 36,901 Class A shares. This reflects routine insider participation in an employee stock purchase program rather than a large discretionary 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

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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).

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^*

Callicotte Lisa

(Last) (First) (Middle)

7900 CALLAGHAN ROAD

(Street)

SAN ANTONIO TX 78229

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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
Class A Common Stock	01/30/2026	01/30/2026	J(1)		285	A	$3.32	36,901	D

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	02/02/2026
	** 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.

FAQ

What insider transaction did U.S. Global Investors (GROW) report for its CFO?

U.S. Global Investors reported that CFO Lisa Callicotte acquired 285 Class A common shares. The purchase occurred on January 30, 2026 at $3.32 per share under the company’s employee stock purchase plan, increasing her direct holdings to 36,901 shares after the transaction.

How many U.S. Global Investors (GROW) shares does the CFO own after this Form 4?

After the reported transaction, CFO Lisa Callicotte directly owns 36,901 shares of U.S. Global Investors Class A common stock. This figure includes the 285 shares she purchased on January 30, 2026 through a restricted stock purchase under the employee stock purchase plan.

What price did the U.S. Global Investors CFO pay per GROW share in the latest Form 4?

CFO Lisa Callicotte paid $3.32 per share for 285 shares of U.S. Global Investors Class A common stock. The transaction took place on January 30, 2026 and was executed as a restricted stock purchase through the company’s employee stock purchase plan.

What does transaction code J mean in the U.S. Global Investors (GROW) Form 4?

In this filing, transaction code J is explained as a restricted stock purchase under the employee stock purchase plan. It indicates the CFO’s acquisition of 285 Class A shares on January 30, 2026 at $3.32 per share through that company-sponsored program.

Is the U.S. Global Investors CFO’s GROW share transaction a direct or indirect holding?

The Form 4 classifies the CFO’s ownership as direct, marked with an “D” in the ownership column. After buying 285 Class A shares via the employee stock purchase plan, Lisa Callicotte directly holds a total of 36,901 U.S. Global Investors shares in her name.