Usio CEO Louis Hoch Receives 7,000 Shares, Holds 2.9M Share Position
Louis A. Hoch, Chairman, President and CEO of Usio, reported significant insider transactions on June 21, 2025.
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Rhea-AI Filing Summary
Louis A. Hoch, Chairman, President and CEO of Usio, reported significant insider transactions on June 21, 2025. The transactions involved:
- Acquisition of 7,000 shares of common stock at $1.44 per share through the vesting and conversion of Restricted Stock Units (RSUs)
- Disposition of 2,755 shares at $1.44 per share to cover tax obligations
- Following these transactions, Hoch directly owns 2,936,434 shares of Usio common stock
- Maintains ownership of 25,000 RSUs with an expiration date of June 21, 2034
As a Director, 10% Owner, and senior executive, Hoch's trading activity provides significant insight into insider ownership patterns. The transactions were executed pursuant to a planned RSU vesting schedule, with shares withheld for tax purposes rather than open market sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restriced Stock Units | 7,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,000 | $1.44 | $10K |
| Exercise Price or Tax Liability | Common Stock | 2,755 | $1.44 | $4K |
Footnotes (2)
- F1. The reporting person returned 2,755 shares to the issuer at the closing price on 06/21/2025 of $1.44 to cover taxes due.
- F2. The reporting person received these shares of common stock due to the vesting and subsequent conversion of restricted stock units granted on 6/21/2024 and vested 6/21/2025.
FAQ
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What positions does Louis Hoch hold at USIO as of June 2025?
How many unvested RSUs does Louis Hoch still have at USIO after June 21, 2025?
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