US Bancorp vice chair sells 36,906 shares

US Bancorp Vice Chair Stephen L. Philipson reported selling 36,906.0000 shares of common stock on July 20, 2026 at a weighted average price of $63.0770 per share, with individual prices from $63.07 to $63.11.

Rhea-AI Filing Summary

US Bancorp Vice Chair Stephen L. Philipson reported selling 36,906.0000 shares of common stock on July 20, 2026 at a weighted average price of $63.0770 per share, with individual prices from $63.07 to $63.11. After the sale, he directly holds 74,969.0000 shares, including amounts acquired through dividend reinvestment, and indirectly holds 509.0000 shares through a 401(k) plan based on a June 30, 2026 plan report.

Insider Trade Summary

Net Seller: 36,906 shares

Net Sell 2 txns

Insider Philipson Stephen L

Role Vice Chair

Sold 36,906 shs ($2.33M)

Type	Security	Shares	Price	Value
Sale	Common Stock, $0.01 par value F1, F2	36,906	$63.077	$2.33M
holding	Common Stock, $0.01 par value F3	--	--	--

Holdings After Transaction: Common Stock, $0.01 par value — 74,969 shares (Direct); Common Stock, $0.01 par value — 509 shares (Indirect, By 401(k) plan)

Footnotes (3)

1. F1. The price in Column 4 is a weighted average price. The prices actually received ranged from $63.07 to $63.11. 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. Includes amount acquired pursuant to dividend reinvestment.
3. F3. Based on a plan report dated June 30, 2026, the most recent plan report available.

Key Figures

Shares sold: 36906.0000 shares Weighted average sale price: $63.0770 per share Direct holdings after sale: 74969.0000 shares +1 more

4 metrics

Shares sold 36906.0000 shares Common Stock, $0.01 par value sold on July 20, 2026

Weighted average sale price $63.0770 per share Weighted average; individual sale prices ranged from $63.07 to $63.11

Direct holdings after sale 74969.0000 shares Directly owned common stock following the transaction, including dividend reinvestment

Indirect 401(k) holdings 509.0000 shares Indirect holdings through 401(k) plan based on June 30, 2026 plan report

Key Terms

weighted average price, dividend reinvestment, 401(k) plan

3 terms

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.

dividend reinvestment financial

"Includes amount acquired pursuant to dividend reinvestment."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

401(k) plan financial

"Based on a plan report dated June 30, 2026, the most recent 401(k) plan report available."

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

FAQ

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

What did US Bancorp (USB) insider Stephen L. Philipson report in this Form 4?

Stephen L. Philipson, a Vice Chair of US Bancorp, reported selling 36,906.0000 shares of common stock. The transaction occurred on July 20, 2026 at a weighted average price, and the filing also details his remaining direct and 401(k) plan holdings after the sale.

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

He sold 36,906.0000 shares of US Bancorp common stock at a weighted average price of $63.0770 per share. Footnotes explain that actual prices received ranged from $63.07 to $63.11, with full trade breakdowns available upon request to the issuer or SEC staff.

What are Stephen L. Philipson's remaining US Bancorp (USB) holdings after the July 20, 2026 sale?

Following the transaction, he directly owns 74,969.0000 shares of US Bancorp common stock, including shares acquired through dividend reinvestment. He also has an indirect position of 509.0000 shares held through a 401(k) plan, based on a plan report dated June 30, 2026.

Were Stephen L. Philipson's US Bancorp (USB) share sales made under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes do not reference any Rule 10b5-1 arrangement. The reported 36,906.0000-share sale is therefore not identified in this filing as executed under a pre-arranged trading plan.

What indirect US Bancorp (USB) holdings does Stephen L. Philipson report?

He reports 509.0000 shares of US Bancorp common stock held indirectly through a 401(k) plan. A footnote states this amount is based on the most recent plan report dated June 30, 2026, reflecting his retirement-plan position as of that report date.

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

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Available on EDGAR 07/22/2026 - 05:22 PM Accepted by SEC EDGAR 07/22/2026 - 05:22 PM 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^*

Philipson Stephen 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)
	Vice Chair

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/20/2026

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	07/20/2026		S		36,906	D	$63.077(1)	74,969(2)	D
Common Stock, $0.01 par value								509(3)	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. The price in Column 4 is a weighted average price. The prices actually received ranged from $63.07 to $63.11. 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. Includes amount acquired pursuant to dividend reinvestment.

3. Based on a plan report dated June 30, 2026, the most recent plan report available.

	/s/ James L. Chosy by power of attorney for Stephen L. Philipson	07/22/2026
	** 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)