US Bancorp (NYSE: USB) vice chair sells 32,195 shares after option exercise

Rhea-AI Filing Summary

US Bancorp Vice Chair Mark G. Runkel reported stock transactions on February 6, 2026. He exercised an employee stock option for 15,339 shares of common stock at an exercise price of $55.01 per share, converting the option into shares.

On the same day, he sold 32,195 shares of common stock at a weighted average price of $60.648 per share, with actual sale prices ranging from $60.630 to $60.661. After these transactions, he directly owned 97,728 shares, and indirectly held 458 shares through a 401(k) plan and 2,846 shares through a trust. The exercised options had vested in four equal installments beginning on February 16, 2018.

Insider Trade Summary

Net Seller: 32,195 shares ($1,952,562)

Net Sell 5 txns

Insider Runkel Mark G.

Role Vice Chair

Sold 32,195 shs ($1.95M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	15,339	$0.00	--
Exercise	Common Stock, $0.01 par value	15,339	$55.01	$844K
Sale	Common Stock, $0.01 par value	32,195	$60.648	$1.95M
holding	Common Stock, $0.01 par value	--	--	--
holding	Common Stock, $0.01 par value	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 shares (Direct); Common Stock, $0.01 par value — 129,923 shares (Direct); Common Stock, $0.01 par value — 458 shares (Indirect, By 401(k) plan)

Footnotes (1)

1. The price in Column 4 is a weighted average price. The prices actually received ranged from $60.630 to $60.661. 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. Based on a plan report dated February 2, 2026, the most recent plan report available. The options vested in four equal installments beginning on February 16, 2018.

Form 4 Insider Transactions: What Each Field Means →

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^*

Runkel Mark G.

(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)
	Vice Chair

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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	02/06/2026		M		15,339	A	$55.01	129,923	D
Common Stock, $0.01 par value	02/06/2026		S		32,195	D	$60.648(1)	97,728	D
Common Stock, $0.01 par value								458(2)	I	By 401(k) plan
Common Stock, $0.01 par value								2,846	I	By Trust

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	02/06/2026		M			15,339	(3)	02/16/2027	Common Stock, $0.01 par value	15,339	$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 $60.630 to $60.661. 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. Based on a plan report dated February 2, 2026, the most recent plan report available.

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

	/s/ James L. Chosy by power of attorney for Mark G. Runkel	02/09/2026
	** 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 transaction did USB Vice Chair Mark G. Runkel report?

Mark G. Runkel reported exercising stock options and selling US Bancorp (USB) shares. He exercised 15,339 options at $55.01 per share, then sold 32,195 common shares at a weighted average price of $60.648 on February 6, 2026.

How many US Bancorp shares did Mark G. Runkel sell in this Form 4?

He sold 32,195 shares of US Bancorp common stock. The sale occurred on February 6, 2026 at a weighted average price of $60.648, with individual sale prices ranging from $60.630 to $60.661 per share, as disclosed in the footnote.

How many US Bancorp shares does Mark G. Runkel own after the reported trades?

After the reported transactions, he directly owns 97,728 US Bancorp shares. He also indirectly holds 458 shares through a 401(k) plan and 2,846 shares through a trust, reflecting both direct and indirect beneficial ownership positions.

What stock options did Mark G. Runkel exercise in this US Bancorp Form 4?

He exercised an employee stock option for 15,339 US Bancorp common shares at an exercise price of $55.01 per share. These options vested in four equal installments beginning on February 16, 2018, and the exercise eliminated the remaining derivative position.

What is the weighted average sale price disclosed in the USB Form 4 filing?

The weighted average sale price for the 32,195 US Bancorp shares sold was $60.648 per share. A footnote explains that actual prices received ranged from $60.630 to $60.661, and detailed breakdowns are available upon request to the reporting person.

What roles does Mark G. Runkel hold at US Bancorp according to this filing?

The filing identifies Mark G. Runkel as an officer of US Bancorp with the title of Vice Chair. He is not listed as a director or 10% owner, and the Form 4 is filed as a single reporting person transaction record.