Tax withholding share moves by U.S. Bancorp (NYSE: USB) EVP Stark

Rhea-AI Filing Summary

U.S. Bancorp executive Lisa R. Stark, EVP and Controller, reported several automatic share dispositions tied to tax withholding. On February 27–March 2, 2026, she delivered 1,819, 1,685 and 1,236 shares of common stock to cover tax liabilities at prices of $57.26 and $54.66. After these transactions, she directly held 37,399 shares, and a plan report dated February 27, 2026 showed an additional 1,225 shares held indirectly in a 401(k) plan.

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^*

Stark Lisa R

(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)
	EVP and Controller

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		1,819	D	$57.26	40,320	D
Common Stock, $0.01 par value	02/28/2026		F		1,685	D	$54.66	38,635	D
Common Stock, $0.01 par value	03/02/2026		F		1,236	D	$54.66	37,399	D
Common Stock, $0.01 par value								1,225(1)	I	By 401(k) plan

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. Based on a plan report dated February 27, 2026, the most recent plan report available.

	/s/ James L. Chosy by power of attorney for Lisa R. Stark	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 USB EVP Lisa R. Stark report on this Form 4?

Lisa R. Stark reported automatic share dispositions for tax withholding. Between February 27 and March 2, 2026, she delivered 1,819, 1,685 and 1,236 U.S. Bancorp common shares to satisfy tax liabilities, rather than executing open-market sales.

Were Lisa R. Stark’s USB share transactions open-market sales or tax-related?

The reported transactions were tax-related, not open-market sales. Each is coded “F,” meaning shares were delivered to cover exercise price or tax liabilities, reflecting a tax-withholding disposition rather than discretionary buying or selling in the market.

How many U.S. Bancorp shares does Lisa R. Stark hold after these transactions?

After the reported tax-withholding dispositions, Lisa R. Stark directly holds 37,399 shares of U.S. Bancorp common stock. A separate plan report dated February 27, 2026, indicates an additional 1,225 shares held indirectly through a 401(k) plan account.

What prices were used for Lisa R. Stark’s USB tax-withholding share dispositions?

Shares used for tax withholding were valued at reported prices of $57.26 and $54.66 per share. These prices apply to the 1,819, 1,685 and 1,236 U.S. Bancorp common shares delivered to satisfy tax obligations associated with equity compensation.

Does the Form 4 show any purchases or net selling by Lisa R. Stark in USB stock?

The Form 4 shows no open-market purchases or sales, only tax-withholding dispositions. All three reportable transactions are coded “F,” and the filing’s transaction summary lists disposals only, with no buy or sell transactions in the traditional trading sense.