What was the tax-related share return in Michael Joseph White’s Usio (USIO) Form 4?

The footnotes explain that 1,779 shares of common stock were returned to Usio at the June 21, 2026 closing price of $1.82 to cover taxes due. This is a non-market disposition typically associated with equity award vesting and related tax obligations.

Usio (USIO) CAO Michael White’s RSUs vest; shares returned for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Usio, Inc. senior vice president and chief accounting officer Michael Joseph White reported routine equity compensation activity. On June 21, 2026, restricted stock units granted on June 21, 2024 vested into 6,000 shares of common stock at a reference price of $1.82 per share.

According to the footnotes, 1,779 shares were returned to the company at the same price to cover taxes due, leaving a net increase of 4,221 shares. Following these transactions, White directly holds 323,737 shares of common stock and 39,000 restricted stock units. The filing shows no open-market purchases or sales, only exercises and tax-related share returns.

Insider Trade Summary

6,000 shares exercised/converted

Mixed 3 txns

Insider White Michael Joseph

Role SVP, Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	6,000	$1.82	$11K
Exercise	Common Stock	6,000	$1.82	$11K
Exercise	Common Stock	1,779	$1.82	$3K

Holdings After Transaction: Restricted Stock Units — 39,000 shares (Direct, null); Common Stock — 323,737 shares (Direct, null)

Footnotes (1)

The reporting person received these shares of common stock due to the vesting and subsequent conversion of restricted stock units granted on 06/21/2024 and vested 06/21/2026. The reporting person returned 1,779 shares to the issuer at the closing price on 06/21/2026 of 1.82 to cover taxes due.

Key Figures

RSUs vested: 6,000 shares Closing price: $1.82 per share Shares returned for taxes: 1,779 shares +3 more

6 metrics

RSUs vested 6,000 shares Restricted stock units granted 06/21/2024 vested 06/21/2026

Closing price $1.82 per share Closing price on 06/21/2026 used for tax coverage

Shares returned for taxes 1,779 shares Returned to issuer to cover taxes due on vesting

Common shares after transaction 323,737 shares Total direct common stock holdings following reported transactions

RSUs remaining 39,000 units Total restricted stock units held after the derivative transaction

Exercise transactions 3 acquisitions All reported with code M, exercise or conversion of derivative security

Key Terms

Restricted Stock Units, vesting, Exercise or conversion of derivative security, taxes due

4 terms

Restricted Stock Units financial

"The reporting person received these shares of common stock due to the vesting and subsequent conversion of restricted stock units granted on 06/21/2024"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting financial

"due to the vesting and subsequent conversion of restricted stock units granted on 06/21/2024 and vested 06/21/2026"

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.

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security"

taxes due financial

"returned 1,779 shares to the issuer at the closing price on 06/21/2026 of 1.82 to cover taxes due"

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Form 4 Insider Transactions: What Each Field Means →

06/22/2026 - 05:11 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^*

White Michael Joseph

(Last)

(First)

(Middle)

3611 PAESANOS PARKWAY

SUITE 300

(Street)

SAN ANTONIO

TEXAS

78231

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/21/2026

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)
Common Stock	06/21/2026		M		6,000⁽¹⁾	A	$1.82	323,737	D
Common Stock	06/21/2026		M		1,779⁽²⁾	D	$1.82	321,958	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)
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)
Restricted Stock Units	$0.0000	06/21/2026		M			6,000⁽¹⁾	06/21/2026	06/21/2034	Common Shares	6,000	$1.82	39,000	D

Explanation of Responses:

1. The reporting person received these shares of common stock due to the vesting and subsequent conversion of restricted stock units granted on 06/21/2024 and vested 06/21/2026.

2. The reporting person returned 1,779 shares to the issuer at the closing price on 06/21/2026 of 1.82 to cover taxes due.

	/s/ Michael White	06/22/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Usio (USIO) executive Michael Joseph White report?

Michael Joseph White reported the vesting and conversion of restricted stock units into common shares. The transaction reflects routine equity compensation, with no open-market buying or selling, and is recorded as an exercise or conversion rather than a discretionary stock trade.

How many Usio (USIO) shares vested for Michael Joseph White on June 21, 2026?

On June 21, 2026, 6,000 restricted stock units granted on June 21, 2024 vested into 6,000 shares of Usio common stock. The reference price used in the filing for these shares was $1.82 per share, consistent with the stated closing price that day.

Did Michael Joseph White sell any Usio (USIO) shares in this Form 4 filing?

The filing does not show any open-market sales. Instead, 1,779 shares were returned to Usio at $1.82 per share to cover taxes due upon vesting, which is a tax-withholding return to the issuer rather than a discretionary market sale of stock.

What are Michael Joseph White’s Usio (USIO) holdings after these transactions?

After the June 21, 2026 equity transactions, Michael Joseph White directly holds 323,737 shares of Usio common stock. He also continues to hold 39,000 restricted stock units, which represent additional potential future share deliveries if and when they vest under their terms.

How is the RSU grant described in Michael Joseph White’s Usio (USIO) Form 4?

The Form 4 states that Michael Joseph White received shares due to vesting and subsequent conversion of restricted stock units granted on June 21, 2024, which vested on June 21, 2026. These RSUs converted into 6,000 common shares before tax-related shares were returned.