Are Gator Capital Management’s GROW share purchases for its own account or client accounts?

The purchases were made in client accounts over which Gator Capital Management exercises investment discretion. These include Gator Financial Partners, Gator Qualified Partners, ECA Fund, and a managed account, rather than a personal trading account for the adviser itself.

Gator Capital boosts U S Global Investors (GROW) stake with open-market buys

Filing Impact

(Neutral)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

Gator Capital Management, LLC, a more than ten percent holder of U S Global Investors, Inc., reported open-market purchases of Class A Common Stock (Non-Voting) made for client accounts over which it has investment discretion.

On June 2 and 3, it bought a total of 20,826 shares at weighted average prices of about $2.59–$2.60 per share. Following these transactions, its reported aggregate beneficial ownership is 1,121,593 Class A shares, held across several pooled investment vehicles and a managed account.

The filing notes these holdings are in entities such as Gator Financial Partners, LLC, Gator Qualified Partners, LLC, ECA Fund, LP, and a managed account, and that Gator Capital Management disclaims beneficial ownership except to the extent of its pecuniary interest.

Insider Trade Summary

Net Buyer: 20,826 shares ($54,035)

Net Buy 2 txns

Insider Gator Capital Management, LLC

Role null

Bought 20,826 shs ($54K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock (Non-Voting)	330	$2.60	$858.00
Purchase	Class A Common Stock (Non-Voting)	20,496	$2.5945	$53K

Holdings After Transaction: Class A Common Stock (Non-Voting) — 1,121,593 shares (Indirect, Investment adviser with discretion over multiple client accounts (See Footnotes))

Footnotes (1)

Shares purchased in Gator Financial Partners, LLC, an account over which Gator Capital Management, LLC exercises investment discretion. Shares purchased in ECA Fund, LP, an account over which Gator Capital Management, LLC exercises investment discretion. As of the date of this report, the Reporting Person's aggregate beneficial ownership of 1,121,593 shares is held across the following accounts: Gator Financial Partners, LLC (937,228 shares); Gator Qualified Partners, LLC (102,000 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. 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

Total shares purchased: 20,826 shares June 2 purchase: 20,496 shares at $2.5945 June 3 purchase: 330 shares at $2.60 +5 more

8 metrics

Total shares purchased 20,826 shares Open-market buys on June 2–3, 2026

June 2 purchase 20,496 shares at $2.5945 Class A Common Stock (Non-Voting), open-market purchase

June 3 purchase 330 shares at $2.60 Class A Common Stock (Non-Voting), open-market purchase

Aggregate beneficial ownership 1,121,593 shares Class A non-voting shares across multiple accounts as of report date

Gator Financial Partners holdings 937,228 shares Part of aggregate beneficial ownership

Gator Qualified Partners holdings 102,000 shares Part of aggregate beneficial ownership

ECA Fund holdings 76,365 shares Part of aggregate beneficial ownership

Managed account holdings 6,000 shares Part of aggregate beneficial ownership

Key Terms

beneficial ownership, investment discretion, pecuniary interest, weighted average price, +1 more

5 terms

beneficial ownership financial

"the Reporting Person's aggregate beneficial ownership of 1,121,593 shares is held across the following accounts"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

investment discretion financial

"an account over which Gator Capital Management, LLC exercises investment discretion"

pecuniary interest financial

"disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein"

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.

ten percent owner financial

"is_ten_percent_owner": 1"

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Form 4 Insider Transactions: What Each Field Means →

06/04/2026 - 10:18 AM

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^*

Gator Capital Management, LLC

(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)
06/02/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock (Non-Voting)	06/02/2026		P		20,496	A	$2.5945	1,121,263	I	Investment adviser with discretion over multiple client accounts (See Footnotes)⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾
Class A Common Stock (Non-Voting)	06/03/2026		P		330	A	$2.6	1,121,593	I	Investment adviser with discretion over multiple client accounts (See Footnotes)⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

2. Shares purchased in ECA Fund, LP, an account over which Gator Capital Management, LLC exercises investment discretion.

3. As of the date of this report, the Reporting Person's aggregate beneficial ownership of 1,121,593 shares is held across the following accounts: Gator Financial Partners, LLC (937,228 shares); Gator Qualified Partners, LLC (102,000 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.

4. 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/ Gator Capital Management, LLC	06/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Gator Capital Management report on its Form 4 for U S Global Investors (GROW)?

Gator Capital Management reported open-market purchases of U S Global Investors Class A Common Stock (Non-Voting). The filing shows two separate buy transactions on June 2 and June 3, 2026, increasing its reported aggregate beneficial holdings across several client accounts.

How many GROW shares did Gator Capital Management buy and at what prices?

Gator Capital Management bought a total of 20,826 Class A non-voting shares. It purchased 20,496 shares at a weighted average price of $2.5945 on June 2, and 330 shares at a weighted average price of $2.60 on June 3, 2026.

What is Gator Capital Management’s total beneficial ownership in GROW after these trades?

After the reported purchases, Gator Capital Management’s aggregate beneficial ownership is 1,121,593 Class A non-voting shares. These are spread across Gator Financial Partners (937,228), Gator Qualified Partners (102,000), ECA Fund (76,365), and a managed account holding 6,000 shares.

Does Gator Capital Management fully claim beneficial ownership of all reported GROW shares?

No. The Form 4 states that Gator Capital Management disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest. This reflects that the shares are primarily held in pooled vehicles and a managed account for underlying investors.

What type of U S Global Investors stock did Gator Capital Management purchase?

The filing shows purchases of U S Global Investors Class A Common Stock (Non-Voting). These shares are non-voting equity, and the trades were categorized as open-market purchases under transaction code “P” for non-derivative securities.