U.S. Global Investors (NASDAQ: GROW) CEO adds 719 shares via stock purchase plan

Rhea-AI Filing Summary

U.S. Global Investors CEO/CIO Frank E. Holmes, a director and more than 10% owner of GROW, reported buying 719 shares of Class A common stock on January 30, 2026 at $3.32 per share. This was a restricted stock purchase under an employee stock purchase plan.

After this transaction, Holmes directly owned 297,534 Class A shares, with additional indirect holdings of 32,862 shares in an IRA and 221,656.77 shares in a 401(k) account.

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
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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 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)

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

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)		719	A	$3.32	297,534	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	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 GROW CEO Frank E. Holmes report?

Frank E. Holmes reported acquiring 719 shares of U.S. Global Investors (GROW) Class A common stock. The shares were purchased at $3.32 each as restricted stock under an employee stock purchase plan dated January 30, 2026.

At what price did Frank E. Holmes acquire U.S. Global Investors shares?

He acquired the Class A common shares at a price of $3.32 per share. The filing states this was a restricted stock purchase made through an employee stock purchase plan on January 30, 2026.

How many U.S. Global Investors shares does Frank E. Holmes own directly after this trade?

After the reported transaction, Frank E. Holmes directly owned 297,534 shares of U.S. Global Investors Class A common stock. This figure reflects his direct holdings immediately following the 719-share restricted stock purchase.

What indirect U.S. Global Investors holdings does Frank E. Holmes report?

In addition to direct holdings, Holmes reports 32,862 Class A shares held indirectly through an IRA and 221,656.77 Class A shares held indirectly through a 401(k) account, as of the same reporting date.

What does the transaction code J mean in the GROW Form 4 filing?

The Form 4 uses transaction code J for the 719-share acquisition. A footnote explains this specific transaction was a restricted stock purchase made under an employee stock purchase plan, clarifying the nature of the share acquisition.

What roles does Frank E. Holmes hold at U.S. Global Investors (GROW)?

Frank E. Holmes is identified as a director, CEO/CIO, and more than 10% owner of U.S. Global Investors. These roles classify him as an insider required to report changes in his beneficial ownership of the company’s securities.