US Bancorp CEO Kedia sells 27,267 shares at $62.37

US BANCORP DE (USB) director and President & CEO Gunjan Kedia reported an option exercise and same‑day sale on August 28, 2026.

Rhea-AI Filing Summary

US BANCORP DE (USB) director and President & CEO Gunjan Kedia reported an option exercise and same‑day sale on August 28, 2026. She exercised 27,267 options at an exercise price of $55.01 per share to acquire an equal number of common shares, then sold 27,267 common shares at a weighted average price of $62.371 per share, with actual sale prices ranging from $62.37 to $62.381. The exercised option award, which vested in four equal annual installments beginning February 16, 2018, now shows 0 options remaining in that grant.

Insider Trade Summary

Exercise and Sale: 27,267 shares ($201K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Kedia Gunjan

Role President & CEO

Sold 27,267 shs ($1.70M)

Approx. gross sale proceeds $1.70M

Approx. exercise cost $1.50M

Approx. pre-tax spread $201K

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy) F2	27,267	$0.00	$0.00
Exercise	Common Stock, $0.01 par value	27,267	$55.01	$1.50M
Sale	Common Stock, $0.01 par value F1	27,267	$62.371	$1.70M

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock, $0.01 par value — 426,262 shares (Direct)

Footnotes (2)

1. F1. The price in Column 4 is a weighted average price. The prices actually received ranged from $62.37 to $62.381. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
2. F2. The options vested in four equal annual installments beginning on February 16, 2018.

Key Figures

Options exercised: 27,267 shares Option exercise price: $55.01 per share Common shares acquired on exercise: 27,267 shares +3 more

6 metrics

Options exercised 27,267 shares Employee Stock Option (Right to Buy) exercised on August 28, 2026

Option exercise price $55.01 per share Conversion or exercise price of Employee Stock Option

Common shares acquired on exercise 27,267 shares USB common stock received from option exercise on August 28, 2026

Common shares sold 27,267 shares USB common stock sold on August 28, 2026

Weighted average sale price $62.371 per share Sale prices ranged from $62.37 to $62.381 per share

Option expiration date February 16, 2027 Expiration date of the exercised Employee Stock Option

Key Terms

Employee Stock Option (Right to Buy), Common Stock, $0.01 par value, Exercise or conversion of derivative security, weighted average price

4 terms

Employee Stock Option (Right to Buy) financial

"security_title: "Employee Stock Option (Right to Buy)""

Common Stock, $0.01 par value financial

"underlying_security_title: "Common Stock, $0.01 par value""

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

weighted average price financial

"The price in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did USB insider Gunjan Kedia report on this Form 4?

Gunjan Kedia, President & CEO and director of USB, reported exercising 27,267 stock options at an exercise price of $55.01 per share and selling 27,267 common shares on August 28, 2026, all as direct ownership transactions.

How many USB shares did Gunjan Kedia sell and at what price?

Gunjan Kedia sold 27,267 USB common shares on August 28, 2026 at a weighted average price of $62.371 per share. The filing states the actual prices received ranged from $62.37 to $62.381 per share.

What options did Gunjan Kedia exercise in this USB Form 4 filing?

She exercised an Employee Stock Option (Right to Buy) for 27,267 shares of USB common stock at an exercise price of $55.01 per share. The option grant was scheduled to expire on February 16, 2027 and vested in four equal annual installments beginning February 16, 2018.

Were the exercised USB options fully used up in this transaction?

Yes. The derivative position row for the Employee Stock Option (Right to Buy) shows 27,267 options exercised and a reported balance of 0 options remaining following the transaction for that specific grant.

Does the filing say these USB trades were under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5‑1 checkbox is not marked as true, and no footnote describes a Rule 10b5‑1 or other pre‑arranged trading plan for these transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/31/2026 - 04:21 PM EDT Accepted by SEC EDGAR 08/31/2026 - 04:20 PM EDT Learn about SEC filing dates

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^*

Kedia Gunjan

(Last) (First) (Middle)

200 S. SIXTH ST.

(Street)

MINNEAPOLIS MINNESOTA 55402

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/28/2026		M		27,267	A	$55.01	453,529	D
Common Stock, $0.01 par value	08/28/2026		S		27,267	D	$62.371(1)	426,262	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
Employee Stock Option (Right to Buy)	$55.01	08/28/2026		M			27,267	(2)	02/16/2027	Common Stock, $0.01 par value	27,267	$0.0000	0.0000	D

Explanation of Responses:

1. The price in Column 4 is a weighted average price. The prices actually received ranged from $62.37 to $62.381. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

2. The options vested in four equal annual installments beginning on February 16, 2018.

	/s/ James L. Chosy by power of attorney for Gunjan Kedia	08/31/2026
	** 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.
* Form 4: SEC 1474 (03-26)