[Form 4] US Global Investors Inc Insider Trading Activity

Rhea-AI Filing Summary

US Global Investors Inc (GROW) Form 4: The reporting person, Frank E. Holmes (identified as Director, CEO/CIO and 10% owner), recorded a restricted stock purchase under an employee stock purchase plan. On 08/29/2025 the report lists acquisition of 978 Class A common shares at a price of $2.44 per share. The filing shows beneficial ownership following the reported transaction of 293,022 shares (Direct), plus 32,862 shares held indirectly in an IRA and 221,656.77 shares held indirectly in a 401(k). The form is signed on behalf of the reporting person by Lisa Callicotte on 09/02/2025. The filing includes the explanation: "Restricted stock purchase under employee stock purchase plan."

Insights

Securities Analyst

TL;DR: Insider purchased a small block of shares under an employee plan; ownership totals remain concentrated.

The Form 4 documents a purchase of 978 Class A shares at $2.44 under an employee stock purchase plan, signed 09/02/2025. The reporting person is identified as Director, CEO/CIO and a 10% owner, and retains substantial beneficial holdings reported as 293,022 shares directly plus indirect holdings through an IRA (32,862) and 401(k) (221,656.77). From an investor perspective, the filing confirms ongoing insider participation in equity programs but does not disclose any large, atypical transaction or disposition that would materially change ownership.

Corporate Governance Expert

TL;DR: Transaction is routine and tied to an employee plan; governance signals are neutral.

The disclosure states the acquisition is a restricted stock purchase under an employee stock purchase plan, which indicates planned, rule-based insider activity rather than opportunistic trading. The reporting person holds multiple capacity designations (Director, CEO/CIO, 10% owner), so continued holdings are relevant for control considerations. The filing does not show any unusual grants, exercises, or large transfers affecting control or triggering governance concerns.

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^*

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)
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)		978	A	$2.44	293,022	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	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 was reported for GROW on this Form 4?

The Form 4 reports a restricted stock purchase of 978 Class A common shares at $2.44 per share on 08/29/2025.

Who is the reporting person on the GROW Form 4?

The reporting person is Frank E. Holmes, identified as a Director, CEO/CIO, and a 10% owner of the issuer.

What are the beneficial ownership totals reported after the transaction?

Beneficial ownership following the transaction is listed as 293,022 shares (Direct), 32,862 shares (Indirect, IRA), and 221,656.77 shares (Indirect, 401(k)).

What is the stated reason for the transaction on the Form 4?

The filing states: "Restricted stock purchase under employee stock purchase plan."

When was the Form 4 signed and by whom?

The form bears the signature line showing Lisa Callicotte with a date of 09/02/2025.