U.S. Global Investors owner buys 2,886 shares

The reported aggregate beneficial ownership spans four accounts, and Gator Capital Management, LLC disclaims beneficial ownership except to the extent of its pecuniary interest.

Rhea-AI Filing Summary

U.S. Global Investors, Inc. (GROW) ten-percent owner Derek Steven Pilecki reported a purchase of 2,886 Class A Common Stock (Non-Voting) shares in an account held by Gator Qualified Partners, LLC on October 20, 2026, at a weighted average price of $2.57 per share. Gator Capital Management, LLC exercises investment discretion over the account; no Rule 10b5-1 plan is reported.

Pilecki's reported aggregate beneficial ownership was 1,124,479 shares across four accounts. Gator Capital Management disclaims beneficial ownership of the securities except to the extent of its pecuniary interest.

Insider Trade Summary

Net Buyer: 2,886 shares

Net Buy 1 txn

Insider Pilecki Derek Steven

Role 10% Owner

Bought 2,886 shs ($7K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock (Non-Voting) F1, F2, F3	2,886	$2.57	$7K

Holdings After Transaction: Class A Common Stock (Non-Voting) — 1,124,479 shares (Indirect, Investment adviser with discretion over multiple client accounts (See Footnote 1, 2, and 3))

Footnotes (3)

1. F1. Shares purchased in Gator Qualified Partners, LLC, an account over which Gator Capital Management, LLC exercises investment discretion.
2. F2. As of the date of this report, the Reporting Person's aggregate beneficial ownership of 1,124,479 shares is held across the following accounts: Gator Financial Partners, LLC (937,228 shares); Gator Qualified Partners, LLC (104,886 shares); ECA Fund, LP (76,365 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.
3. F3. 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.

Key Figures

Shares purchased: 2,886 shares Weighted average purchase price: $2.57 per share Aggregate beneficial ownership: 1,124,479 shares +4 more

7 metrics

Shares purchased 2,886 shares Class A Common Stock (Non-Voting), October 20, 2026

Weighted average purchase price $2.57 per share Purchase on October 20, 2026

Aggregate beneficial ownership 1,124,479 shares Across four accounts as of the report date

Gator Financial Partners, LLC holdings 937,228 shares As of the report date

Gator Qualified Partners, LLC holdings 104,886 shares As of the report date

ECA Fund, LP holdings 76,365 shares As of the report date

Managed Account holdings 6,000 shares As of the report date

Key Terms

weighted average price, aggregate beneficial ownership, investment discretion, pecuniary interest

4 terms

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.

aggregate beneficial ownership regulatory

"the Reporting Person's aggregate beneficial ownership of 1,124,479 shares"

investment discretion regulatory

"Gator Capital Management, LLC exercises investment discretion"

pecuniary interest financial

"except to the extent of its pecuniary interest therein"

FAQ

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

How many GROW shares were purchased and at what price?

Gator Qualified Partners, LLC purchased 2,886 shares at a weighted average price of $2.57 per share on October 20, 2026. The shares were held in an account over which Gator Capital Management, LLC exercises investment discretion. No Rule 10b5-1 plan is reported.

How many GROW shares does Derek Steven Pilecki beneficially own?

Derek Steven Pilecki's reported aggregate beneficial ownership was 1,124,479 shares across four accounts: Gator Financial Partners, LLC (937,228), Gator Qualified Partners, LLC (104,886), ECA Fund, LP (76,365), and a Managed Account (6,000). Gator Capital Management, LLC disclaims beneficial ownership except to the extent of its pecuniary interest.

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

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Available on EDGAR 10/22/2026 - 10:29 AM EDT Accepted by SEC EDGAR 10/22/2026 - 10:29 AM 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^*

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/20/2026

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 (Non-Voting)	10/20/2026		P		2,886	A	$2.57	1,124,479	I	Investment adviser with discretion over multiple client accounts (See Footnote 1, 2, and 3)(1)(2)(3)

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

2. As of the date of this report, the Reporting Person's aggregate beneficial ownership of 1,124,479 shares is held across the following accounts: Gator Financial Partners, LLC (937,228 shares); Gator Qualified Partners, LLC (104,886 shares); ECA Fund, LP (76,365 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.

3. 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.

	/s/ Derek Pilecki	10/22/2026
	** 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)