USBC director granted 120,000 stock options

USBC, Inc. reported that director Jon Pepper received a grant of stock options for 120,000 shares of common stock at an exercise price of $0.36 per share, expiring on August 12, 2036.

Rhea-AI Filing Summary

USBC, Inc. reported that director Jon Pepper received a grant of stock options for 120,000 shares of common stock at an exercise price of $0.36 per share, expiring on August 12, 2036. The options vest as to 10,000 shares on September 30, 2026 and in eleven quarterly installments of 10,000 shares through June 30, 2029. Following this award, Pepper holds 37,850 shares of common stock directly and a warrant covering 500 shares at an exercise price of $68.00, which reflects a 1-for-40 reverse stock split effective February 19, 2025.

Insider Trade Summary

Grant/Award: 120,000 shares

Grant/Award 3 txns

Insider PEPPER JON

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Option to Purchase Common Stock F1	120,000	$0.00	$0.00
holding	Warrant to Purchase Common Stock F2	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Option to Purchase Common Stock — 120,000 contracts (Direct); Warrant to Purchase Common Stock — 500 contracts (Direct); Common Stock — 37,850 shares (Direct)

Footnotes (2)

1. F1. On August 12, 2026 (the "Grant Date"), the Reporting Person was granted an option to purchase 120,000 shares of the Issuer's common stock pursuant to the Issuer's Amended and Restated 2021 Equity Incentive Plan. The option vest as to 10,000 shares on September 30, 2026 and in eleven quarterly installments of 10,000 shares thereafter through June 30, 2029.
2. F2. Reflects the Issuer's 1-for-40 reverse stock split, which became effective on February 19, 2025.

Key Figures

Option grant size: 120,000 shares Option exercise price: $0.36 per share Option expiration: August 12, 2036 +3 more

6 metrics

Option grant size 120,000 shares Options to purchase common stock granted to director on August 12, 2026

Option exercise price $0.36 per share Exercise price of 120,000-share option grant

Option expiration August 12, 2036 Expiration date of newly granted stock options

Common stock holdings 37,850 shares Direct common stock held by Jon Pepper after reported transactions

Warrant underlying shares 500 shares Underlying common shares for warrant held directly

Warrant exercise price $68.00 per share Exercise price of warrant reflecting 1-for-40 reverse stock split

Key Terms

Amended and Restated 2021 Equity Incentive Plan, reverse stock split, vesting, warrant

4 terms

Amended and Restated 2021 Equity Incentive Plan financial

"pursuant to the Issuer's Amended and Restated 2021 Equity Incentive Plan."

reverse stock split financial

"Reflects the Issuer's 1-for-40 reverse stock split, which became effective"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

vesting financial

"The option vest as to 10,000 shares on September 30, 2026 and in eleven"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

warrant financial

"Warrant to Purchase Common Stock"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

FAQ

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

What did USBC (USBC) director Jon Pepper receive in this Form 4 filing?

Director Jon Pepper received a grant of options to purchase 120,000 shares of USBC common stock at an exercise price of $0.36 per share, with the options expiring on August 12, 2036 under the company’s equity plan.

How do Jon Pepper’s new USBC (USBC) options vest?

The options vest as to 10,000 shares on September 30, 2026, then in eleven quarterly installments of 10,000 shares each through June 30, 2029, creating a multi-year, time-based vesting schedule tied to continued service.

What are Jon Pepper’s USBC (USBC) share and warrant holdings after the transaction?

After the reported grant, Jon Pepper holds 37,850 shares of USBC common stock directly and a warrant over 500 shares of common stock with an exercise price of $68.00, as disclosed in the Form 4 data.

What plan governs the new USBC (USBC) stock option grant to Jon Pepper?

The 120,000-share option grant was made under USBC’s Amended and Restated 2021 Equity Incentive Plan, which provides for equity-based awards such as stock options to directors, officers, employees or other eligible participants.

How did USBC’s reverse stock split affect Jon Pepper’s warrant terms?

A footnote states the 1-for-40 reverse stock split effective February 19, 2025 is reflected in the warrant, which now covers 500 underlying shares at an exercise price of $68.00 per share after the split adjustment.

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

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Accepted by SEC EDGAR 08/14/2026 - 06:26 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^*

PEPPER JON

(Last) (First) (Middle)

C/O USBC, INC.

300 E 2ND STREET, 15TH FLOOR

(Street)

RENO NEVADA 89501

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
USBC, Inc. [ USBC ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2026

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								37,850	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
Option to Purchase Common Stock	$0.36	08/12/2026		A		120,000		(1)	08/12/2036	Common Stock	120,000	$0	120,000	D
Warrant to Purchase Common Stock	$68(2)							01/05/2022	01/05/2027	Common Stock	500(2)		500	D

Explanation of Responses:

1. On August 12, 2026 (the "Grant Date"), the Reporting Person was granted an option to purchase 120,000 shares of the Issuer's common stock pursuant to the Issuer's Amended and Restated 2021 Equity Incentive Plan. The option vest as to 10,000 shares on September 30, 2026 and in eleven quarterly installments of 10,000 shares thereafter through June 30, 2029.

2. Reflects the Issuer's 1-for-40 reverse stock split, which became effective on February 19, 2025.

	/s/ Jon Pepper	08/14/2026
	** 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)