US Bancorp (NYSE: USB) tech chief reports tax-withholding share disposals

Rhea-AI Filing Summary

US Bancorp senior executive Dilip Venkatachari reported three tax-related share dispositions of company common stock. On February 27, he transferred 2,218 shares at $57.26 per share. On February 28, he transferred 1,976 shares at $54.66 per share, and on March 2 he transferred 3,556 shares at $54.66. Each transaction is classified as a “tax-withholding disposition”, meaning shares were delivered to cover tax obligations rather than sold in an open-market trade. Following these transactions, his directly held ownership positions reported in the filing range from about 68,007 to 73,539 shares after each respective event.

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

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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^*

Dilip Venkatachari

(Last) (First) (Middle)

800 NICOLLET MALL

(Street)

MINNEAPOLIS MN 55402

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
US BANCORP \DE\ [ USB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEVP & Chief Info & Tech Off

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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
Common Stock, $0.01 par value	02/27/2026		F		2,218	D	$57.26	73,539	D
Common Stock, $0.01 par value	02/28/2026		F		1,976	D	$54.66	71,563	D
Common Stock, $0.01 par value	03/02/2026		F		3,556	D	$54.66	68,007	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:

	/s/ James L. Chosy by power of attorney for Venkatachari Dilip	03/03/2026
	** 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.

FAQ

What insider transactions did Dilip Venkatachari report for USB stock?

Dilip Venkatachari reported three tax-withholding dispositions of US Bancorp common stock. He delivered 2,218 shares, 1,976 shares, and 3,556 shares on separate dates to cover tax obligations, rather than executing open-market sales, while remaining a direct shareholder.

Were the recent USB insider transactions open-market sales or tax withholdings?

The reported USB insider transactions were tax-withholding dispositions, not open-market sales. Each Form 4 entry uses code “F” and describes payment of tax liability by delivering shares, indicating administrative settlements tied to equity awards rather than discretionary selling.

How many US Bancorp shares did Venkatachari dispose of for tax purposes?

Venkatachari disposed of 2,218, 1,976, and 3,556 USB shares in three transactions. All were classified as tax-withholding dispositions, meaning shares were surrendered to satisfy tax obligations associated with equity compensation, while he continued to hold a sizable remaining direct stake.

What prices were used in Dilip Venkatachari’s USB tax-withholding dispositions?

The USB tax-withholding dispositions were reported at $57.26 and $54.66 per share. One transaction used a price of $57.26, while two later dispositions were priced at $54.66, reflecting the fair value applied when shares were delivered to cover tax liabilities.

Does Dilip Venkatachari still hold US Bancorp shares after these Form 4 transactions?

Yes, Venkatachari continues to directly hold US Bancorp common stock after the transactions. The Form 4 shows post-transaction direct holdings figures in the tens of thousands of shares following each tax-withholding disposition, indicating an ongoing equity stake.