US Global Investors (GROW) CFO Reports Restricted Stock Purchase of 388 Shares

Rhea-AI Filing Summary

Insider transaction summary: Lisa Callicotte, Chief Financial Officer of U S Global Investors Inc (GROW), purchased 388 shares of Class A Common Stock on 08/29/2025 at a price of $2.44 per share. After the transaction she beneficially owned 35,112 shares. The filing indicates the purchase was a restricted stock purchase under an employee stock purchase plan as noted in the explanation. The Form 4 was signed by Lisa Callicotte on 09/02/2025 and reports the transaction code J(1).

Positive

• Transaction disclosed: The Form 4 reports a clear restricted stock purchase of 388 shares at $2.44 per share on 08/29/2025.
• Post-transaction ownership disclosed: Reporting person beneficially owned 35,112 shares after the purchase.
• Compliance: The filing includes the reporting person signature dated 09/02/2025 and an explicit explanation that the purchase was under an employee stock purchase plan.

Negative

• None.

Insights

Financial Analyst

TL;DR: CFO acquired a small position (388 shares) under an employee plan; ownership now 35,112 shares.

The transaction is a routine restricted stock purchase under an employee stock purchase plan, recorded with transaction code J(1). The acquisition price of $2.44 and the post-transaction beneficial ownership of 35,112 shares are explicitly stated. Given the size of the purchase relative to total holdings reported here, this filing appears operational rather than materially transformative for valuation metrics.

Corporate Governance Expert

TL;DR: Insider compliance filing documents an ESPP purchase by the CFO; properly reported with signature.

The Form 4 shows required disclosure steps were followed: transaction date, execution details, consideration ($2.44 per share), transaction code and a signed reporting person certification. The explanation clarifies the shares are restricted under the employee stock purchase plan, consistent with standard insider reporting practices.

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^*

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)
08/29/2025

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	08/29/2025	08/29/2025	J(1)		388	A	$2.44	35,112	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	09/02/2025
	** 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 transaction did Lisa Callicotte report for GROW on Form 4?

She reported a restricted stock purchase of 388 Class A common shares on 08/29/2025 at $2.44 per share.

How many GROW shares does the reporting person own after the transaction?

The filing states the reporting person beneficially owned 35,112 shares following the reported transaction.

Under what plan were the shares acquired according to the Form 4?

The explanation in the filing states the shares were a restricted stock purchase under an employee stock purchase plan.

When was the Form 4 signed by the reporting person?

The Form 4 is signed by Lisa Callicotte with a signature date of 09/02/2025.

What transaction code is used in the filing?

The filing uses transaction code J(1), as shown in the transaction line.