US Bancorp counsel exercises options, sells stock

US Bancorp Senior EVP and General Counsel James L. Chosy exercised 24711 employee stock options at $55.0100 per share on July 23, 2026, receiving the same number of common shares.

Accepted by SEC EDGAR 07/24/2026 - 04:34 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

US Bancorp Senior EVP and General Counsel James L. Chosy exercised 24711 employee stock options at $55.0100 per share on July 23, 2026, receiving the same number of common shares. He then sold 22968 shares of common stock at $63.2800 per share.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider CHOSY JAMES L

Role Senior EVP and General Counsel

Sold 22,968 shs ($1.45M)

Approx. gross sale proceeds $1.45M

Approx. exercise cost $1.36M

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy) F1	24,711	$0.00	$0.00
Exercise	Common Stock, $0.01 par value	24,711	$55.01	$1.36M
Sale	Common Stock, $0.01 par value	22,968	$63.28	$1.45M

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock, $0.01 par value — 252,684 shares (Direct)

Footnotes (1)

1. F1. The options vested in four equal installments beginning on February 16, 2018.

Key Figures

Options exercised: 24711 shares Exercise price: $55.0100 per share Shares sold: 22968 shares +3 more

6 metrics

Options exercised 24711 shares Employee stock options exercised on July 23, 2026

Exercise price $55.0100 per share Conversion or exercise price of the employee stock options

Shares sold 22968 shares Common stock sold on July 23, 2026

Sale price $63.2800 per share Reported per-share price for the sale of common stock

Option expiration date 2027-02-16 Expiration date of the employee stock options before exercise

Net buy/sell shares 22968 shares Net sell volume from buy/sell activity in this Form 4

Key Terms

Employee Stock Option (Right to Buy), derivative security, acquired_disposed_code

3 terms

Employee Stock Option (Right to Buy) financial

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

derivative security financial

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

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

acquired_disposed_code financial

""acquired_disposed_code": "D""

FAQ

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

What insider activity did US Bancorp (USB) report for James L. Chosy?

US Bancorp reported that Senior EVP and General Counsel James L. Chosy exercised 24711 stock options at $55.0100 per share and then sold 22968 common shares at $63.2800 per share on July 23, 2026.

How many US Bancorp (USB) options did James L. Chosy exercise?

James L. Chosy exercised 24711 employee stock options, each convertible into one share of US Bancorp common stock at an exercise price of $55.0100 per share, fully eliminating that option position, which had an original expiration date of February 16, 2027.

How many US Bancorp (USB) shares did James L. Chosy sell and at what price?

He sold 22968 shares of US Bancorp common stock at a reported price of $63.2800 per share on July 23, 2026, following the option exercise that delivered him 24711 shares of common stock the same day.

What is James L. Chosy’s role at US Bancorp (USB) in this Form 4?

In this Form 4, James L. Chosy is identified as Senior EVP and General Counsel of US Bancorp, making the reported option exercise and share sale an insider transaction by a senior executive with direct ownership of the affected securities.

Were James L. Chosy’s US Bancorp (USB) trades under a Rule 10b5-1 plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there are no footnotes describing a trading plan, so these transactions are reported without being designated as executed under a Rule 10b5-1 trading arrangement.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

CHOSY JAMES L

(Last) (First) (Middle)

800 NICOLLET MALL

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior EVP and General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2026

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	07/23/2026		M		24,711	A	$55.01	275,652	D
Common Stock, $0.01 par value	07/23/2026		S		22,968	D	$63.28	252,684	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	07/23/2026		M			24,711	(1)	02/16/2027	Common Stock, $0.01 par value	24,711	$0.0000	0.0000	D

Explanation of Responses:

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

	/s/ James L. Chosy	07/24/2026
	** 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)