USBC director granted options on 120,000 shares

USBC, Inc. reported that director Larry K. Ellingson received a compensatory grant of an option to purchase 120,000 shares of common stock at an exercise price of $0.36 per share.

Rhea-AI Filing Summary

USBC, Inc. reported that director Larry K. Ellingson received a compensatory grant of an option to purchase 120,000 shares of common stock at an exercise price of $0.36 per share. The option expires on August 12, 2036 and vests 10,000 shares on September 30, 2026 and in eleven quarterly installments of 10,000 shares through June 30, 2029. Following this grant, Ellingson directly holds 25,404 shares of USBC common stock.

Insider Trade Summary

Grant/Award: 120,000 shares

Grant/Award 2 txns

Insider Ellingson Larry K

Role Director

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

Holdings After Transaction: Option to Purchase Common Stock — 120,000 contracts (Direct); Common Stock — 25,404 shares (Direct)

Footnotes (1)

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.

Key Figures

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

6 metrics

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

Exercise price $0.36 per share Conversion or exercise price of the granted stock option

Option expiration August 12, 2036 Expiration date of the 120,000-share stock option

Underlying shares 120,000 shares USBC common stock underlying the granted option

Common shares held 25,404 shares Direct USBC common stock holdings after reported transactions

Initial vesting tranche 10,000 shares First vesting on September 30, 2026

Key Terms

Amended and Restated 2021 Equity Incentive Plan, Grant Date, vests

3 terms

Amended and Restated 2021 Equity Incentive Plan financial

"granted an option to purchase 120,000 shares ... pursuant to the Issuer's Amended and Restated 2021 Equity Incentive Plan"

Grant Date financial

"On August 12, 2026 (the "Grant Date"), the Reporting Person was granted an option"

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

vests financial

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

FAQ

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

What did USBC (USBC) disclose about Larry K. Ellingson’s new stock options?

USBC disclosed that director Larry K. Ellingson received an option for 120,000 shares of common stock at an exercise price of $0.36 per share. The grant is a compensation award under the Amended and Restated 2021 Equity Incentive Plan.

What is the vesting schedule of Larry K. Ellingson’s 120,000 USBC stock options?

The option vests as to 10,000 shares on September 30, 2026, then in eleven quarterly installments of 10,000 shares each through June 30, 2029. This ties full vesting to continued service over the multi‑year period.

What is the exercise price and expiration date of Ellingson’s USBC option grant?

The option has an exercise price of $0.36 per share and expires on August 12, 2036. Ellingson may purchase USBC common shares at this price upon vesting and before the expiration date, subject to plan terms.

How many USBC common shares does Larry K. Ellingson hold after this Form 4 filing?

After the reported transactions, Larry K. Ellingson directly holds 25,404 shares of USBC common stock. This figure reflects his direct ownership position separate from the newly granted but unexercised stock option covering 120,000 underlying shares.

Under what plan was the USBC option granted to Larry K. Ellingson?

The 120,000-share option was granted under USBC’s Amended and Restated 2021 Equity Incentive Plan. This plan provides equity-based awards to directors and others, aligning their potential compensation with the future performance of USBC’s common stock.

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^*

Ellingson Larry K

(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								25,404	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

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.

	/s/ Larry Ellingson	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)