[Form 4] US Global Investors Inc Insider Trading Activity

Rhea-AI Filing Summary

Fusion Fuel Green PLC (NASDAQ: HTOO) has filed a Form 144 indicating an intention to sell restricted or control securities. The notice covers the proposed sale of 2,166,238 Ordinary A shares through broker LPC Markets (Mauritius) Ltd. The filer expects the transaction to occur on or about 25 June 2025 on the NASDAQ exchange. According to the filing, the shares were originally acquired on 18 November 2024 via a Stock Purchase Agreement and settled through a share-swap arrangement with Fusion Fuel Green PLC. The form reports no prior sales during the past three months.

The document does not disclose the filer’s identity, CIK, or relationship to the issuer, nor does it provide a detailed aggregate market value beyond the figure “0.23”. As required, the signer attests that they possess no non-public material adverse information about the company. While a Form 144 is only a notice—not a guarantee—of sale, selling more than two million shares could create an overhang that investors should monitor.

Positive

• None.

Negative

• Planned sale of 2,166,238 Ordinary A shares could increase share supply and exert downward price pressure.
• Lack of filer identity and relationship to issuer limits investors' ability to assess insider sentiment or control changes.

Insights

Securities Analyst

TL;DR: Large planned share sale (2.17 M) may add supply overhang; limited context on seller identity.

This Form 144 signals that a control or affiliate holder intends to dispose of roughly 2.17 million Ordinary A shares. The filing lacks critical data on the filer’s stake size, but the sheer volume—especially if the 924,731 outstanding figure is correct—could be highly dilutive. Even if that outstanding count is truncated, the magnitude remains material for a micro-cap such as Fusion Fuel Green. Investors typically view Form 144 sales as neutral to negative, depending on the seller’s role and rationale. Absence of past-three-month sales suggests this is a fresh divestiture. Given the limited disclosure, market impact hinges on final execution, but near-term share-price pressure is plausible.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 requirements but opaque filer details limit transparency.

Compliance-wise, the issuer has satisfied the technical obligation to notify the SEC of a proposed resale of restricted securities. However, key governance flags include missing filer identification, relationship to issuer, and CCC codes. Investors cannot gauge whether the seller is an officer, director, or large shareholder, hindering assessment of insider sentiment. The attestation of no undisclosed adverse information is standard, yet stakeholders may discount its weight absent clearer provenance. Overall, the filing is procedurally adequate but informationally thin, reinforcing calls for fuller voluntary disclosure when sizeable blocks are involved.

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)
06/30/2025

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	06/30/2025	06/30/2025	J(1)		364	A	$2.6	34,329	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	07/01/2025
	** 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

How many Fusion Fuel Green (HTOO) shares are being proposed for sale?

The Form 144 covers 2,166,238 Ordinary A shares.

When is the anticipated sale date for the HTOO shares?

The filer lists an approximate sale date of 25 June 2025.

Where will the Fusion Fuel Green shares be sold?

The shares are slated for sale on the NASDAQ exchange.

Who is the broker handling the transaction?

The broker named is LPC Markets (Mauritius) Ltd, located in Grand Baie, Mauritius.

Were any Fusion Fuel Green shares sold by this filer in the past three months?

No. The filing states "Nothing to Report" for prior three-month sales.

What was the acquisition method for these shares?

The shares were acquired on 18 Nov 2024 via a Stock Purchase Agreement and settled through a share swap.