USBC former CFO forfeits 1.47M options from one award

Q: How many options did Kitty B. Payne forfeit at USBC?

Kitty B. Payne forfeited 1,342,500 unvested options from one award and 1,470,000 unvested options from another on October 1, 2026, in connection with her transition from USBC, Inc.

Q: When did Kitty B. Payne's remaining USBC options become exercisable?

The 447,500 options retained from the first award became exercisable on August 6, 2026, under the original vesting schedule. The 490,000 options retained from the second award became exercisable on September 1, 2026, after the Board approved acceleration on October 1, 2026, moving the date from October 6, 2026.

The options carry a $0.37 exercise price and expire November 30, 2026.

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Form Type

Rhea-AI Filing Summary

USBC, Inc. states that Kitty B. Payne, identified as a former CFO, Treasurer and Secretary, forfeited 1,342,500 unvested options from one award and 1,470,000 unvested options from another in connection with her transition from the company. She retained 447,500 options from the first award, which became exercisable on August 6, 2026, under the original vesting schedule. The 490,000 options retained from the second award became exercisable on September 1, 2026, after the Board approved accelerating their vesting from October 6, 2026.

Insider Trade Summary

Other: 2,812,500 shares

Other 2 txns

Insider PAYNE KITTY B

Role Insider

Type	Security	Shares	Price	Value
Other	Option to Purchase Common Stock ^F1	1,342,500	$0.00	$0.00
Other	Option to Purchase Common Stock ^F2	1,470,000	$0.00	$0.00

Holdings After Transaction: Option to Purchase Common Stock — 937,500 contracts (Direct)

Footnotes (2)

F1. The options reported reflect options originally granted to the Reporting Person on August 6, 2025. In connection with the Reporting Person's transition from the Company, 1,342,500 unvested options were forfeited. Following the transaction reported herein, the Reporting Person continues to hold 447,500 options, which became exercisable on August 6, 2026 in accordance with the original vesting schedule.
F2. On October 1, 2026, the Board of Directors of the Company approved the acceleration of the vesting of 490,000 options originally granted to the Reporting Person on October 7, 2025, from October 6, 2026 to September 1, 2026. In connection with the Reporting Person's transition from the Company, 1,470,000 unvested options were forfeited. Following the transaction reported herein, the Reporting Person continues to hold 490,000 options, which became exercisable as of September 1, 2026 as a result of the acceleration.

Key Figures

Unvested options forfeited, first award: 1,342,500 options Options retained, first award: 447,500 options Unvested options forfeited, second award: 1,470,000 options +4 more

7 metrics

Unvested options forfeited, first award 1,342,500 options In connection with Kitty B. Payne's transition from the company

Options retained, first award 447,500 options Became exercisable August 6, 2026, under the original vesting schedule

Unvested options forfeited, second award 1,470,000 options In connection with Kitty B. Payne's transition from the company

Options retained, second award 490,000 options Became exercisable September 1, 2026, following accelerated vesting

Exercise price $0.37 per share Options reported in the transactions

Expiration date November 30, 2026 Options reported in the transactions

Accelerated exercisable date September 1, 2026 The Board approved acceleration from October 6, 2026, on October 1, 2026

Key Terms

unvested options, vesting schedule, acceleration of the vesting

3 terms

unvested options financial

"1,342,500 unvested options were forfeited."

vesting schedule financial

"in accordance with the original vesting schedule"

A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.

acceleration of the vesting financial

"approved the acceleration of the vesting of 490,000 options"

FAQ

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

How many options did Kitty B. Payne forfeit at USBC?

Kitty B. Payne forfeited 1,342,500 unvested options from one award and 1,470,000 unvested options from another on October 1, 2026, in connection with her transition from USBC, Inc.

When did Kitty B. Payne's remaining USBC options become exercisable?

The 447,500 options retained from the first award became exercisable on August 6, 2026, under the original vesting schedule. The 490,000 options retained from the second award became exercisable on September 1, 2026, after the Board approved acceleration on October 1, 2026, moving the date from October 6, 2026.

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

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Available on EDGAR 10/05/2026 - 05:53 PM Accepted by SEC EDGAR 10/05/2026 - 05:52 PM

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^*

PAYNE KITTY B

(Last)

(First)

(Middle)

119 E. 6TH STREET

APT 308

(Street)

TULSA

OKLAHOMA

74119

(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)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Former CFO, Treasurer, Secret.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to Purchase Common Stock⁽¹⁾	$0.37	10/01/2026		J⁽¹⁾			1,342,500	⁽¹⁾	11/30/2026	Common Stock	1,342,500	$0	447,500⁽¹⁾	D
Option to Purchase Common Stock⁽²⁾	$0.37	10/01/2026		J⁽²⁾			1,470,000	⁽²⁾	11/30/2026	Common Stock	1,470,000	$0	490,000⁽²⁾	D

Explanation of Responses:

1. The options reported reflect options originally granted to the Reporting Person on August 6, 2025. In connection with the Reporting Person's transition from the Company, 1,342,500 unvested options were forfeited. Following the transaction reported herein, the Reporting Person continues to hold 447,500 options, which became exercisable on August 6, 2026 in accordance with the original vesting schedule.

2. On October 1, 2026, the Board of Directors of the Company approved the acceleration of the vesting of 490,000 options originally granted to the Reporting Person on October 7, 2025, from October 6, 2026 to September 1, 2026. In connection with the Reporting Person's transition from the Company, 1,470,000 unvested options were forfeited. Following the transaction reported herein, the Reporting Person continues to hold 490,000 options, which became exercisable as of September 1, 2026 as a result of the acceleration.

	/s/ Kitty B. Payne	10/05/2026
	** 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)

Source: View Original Filing on SEC EDGAR