Form 4/A: Jagroop Gill Increases Indirect Stake in United Security Bancshares
Rhea-AI Filing Summary
United Security Bancshares (UBFO) reporting person Jagroop Gill, identified as a director, filed an amended Form 4 disclosing a purchase on 08/07/2025 of 55,814 shares of common stock at $8.3366 per share. The filing shows beneficial ownership of 1,285,085 shares held indirectly (noted as "Tr"). The Form 4/A was filed by one reporting person and bears the reporting person's signature dated 08/07/2025.
Positive
- Insider purchase disclosed: acquisition of 55,814 common shares
- Purchase price provided: $8.3366 per share
- Substantial indirect holding reported: 1,285,085 shares
- Reporting person identified as a director and form is signed
Negative
- None.
Insights
TL;DR: Director purchase of 55,814 shares at $8.3366 increased indirect holdings to 1,285,085; significance depends on company context.
The amended Form 4 reports a purchase transaction on 08/07/2025 for 55,814 common shares at $8.3366. As reported, the transaction raised the reporting person's indirect beneficial ownership to 1,285,085 shares. The filing is an amendment and was signed by the reporting person. Without additional context on total shares outstanding or recent insider activity, this disclosure is a factual record of ownership change rather than a definitive indicator of material company direction.
TL;DR: Amended insider Form 4 shows a director-level purchase increasing indirect stake; amendment suggests a corrected or updated disclosure.
The document is a Form 4/A from a single reporting person identified as a director. It documents the acquisition of 55,814 shares at $8.3366 and indicates indirect ownership of 1,285,085 shares, labeled with the nature "Tr." The amendment flag means this filing updates a prior submission dated the same day. The filing provides a clear, signed compliance disclosure but contains no additional explanatory remarks.