U.S. Bancorp (USB) HR chief sells 17,204 shares in Form 4 filing

Rhea-AI Filing Summary

U.S. Bancorp Senior EVP and Chief HR Officer Elcio R.T. Barcelos reported a stock sale. On February 3, 2026, he sold 17,204 shares of U.S. Bancorp common stock at $58.43 per share.

After this transaction, he beneficially owned 87,081 shares of common stock directly. This Form 4 filing records an executive’s personal trading activity and helps investors track how key insiders are changing their share ownership over time.

Insights

Insider trading and corporate governance analyst

Routine executive stock sale with substantial remaining holdings.

The filing shows U.S. Bancorp Senior EVP and Chief HR Officer Elcio R.T. Barcelos sold 17,204 common shares at $58.43 on February 3, 2026. This is a standard Form 4 disclosure of insider activity required under securities rules.

After the sale, he still directly holds 87,081 shares, indicating continued exposure to U.S. Bancorp’s equity. The document does not state any reason for the sale, so it is best viewed as personal portfolio management rather than a clearly directional signal.

As with most single insider transactions, the broader significance depends on future patterns across multiple filings and executives, which this excerpt does not address.

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
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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^*

Barcelos Elcio R.T.

(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)
	Senior EVP, Chief HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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	02/03/2026		S		17,204	D	$58.43	87,081	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 Elcio R.T. Barcelos	02/04/2026
	** 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 U.S. Bancorp (USB) report for Elcio R.T. Barcelos?

U.S. Bancorp reported that Senior EVP and Chief HR Officer Elcio R.T. Barcelos sold 17,204 shares of common stock on February 3, 2026 at $58.43 per share. The Form 4 shows this as a routine insider stock sale.

How many U.S. Bancorp (USB) shares did the executive still own after the sale?

After the reported sale, Elcio R.T. Barcelos beneficially owned 87,081 shares of U.S. Bancorp common stock directly. This remaining stake indicates he continues to hold a significant number of shares even after the February 3, 2026 transaction.

What price did the U.S. Bancorp (USB) executive receive for the sold shares?

The filing shows the common stock was sold at a price of $58.43 per share. This per-share sale price applies to all 17,204 shares reported in the Form 4 transaction dated February 3, 2026.

What role does the insider in this U.S. Bancorp (USB) Form 4 hold?

The reporting person, Elcio R.T. Barcelos, serves as Senior EVP and Chief HR Officer of U.S. Bancorp. His officer status means his trades must be reported on Form 4, providing transparency into executive share ownership changes.

Was the U.S. Bancorp (USB) Form 4 transaction a purchase or a sale?

The Form 4 shows a transaction code “S”, which indicates a sale of securities. Specifically, Elcio R.T. Barcelos disposed of 17,204 shares of U.S. Bancorp common stock in this reported transaction.

Does the U.S. Bancorp (USB) Form 4 report any derivative securities activity?

The Form 4 includes a section for derivative securities, but no derivative transactions are listed in the provided table. The disclosed activity relates only to non-derivative common stock sold on February 3, 2026.