Usio CEO Maintains Strong Insider Position Following RSU Vesting
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,000 shares exercised/converted
Mixed
3 txns
Insider
HOCH LOUIS A
Role
Chairman, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restriced Stock Units | 7,000 | $0.00 | -- |
| Exercise | Common Stock | 7,000 | $1.44 | $10K |
| Tax Withholding | Common Stock | 2,755 | $1.44 | $4K |
Holdings After Transaction:
Restriced Stock Units — 25,000 shares (Direct);
Common Stock — 2,939,189 shares (Direct)
Footnotes (1)
- 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. 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
What positions does Louis Hoch hold at USIO as of June 2025?
Louis Hoch holds multiple positions at USIO, serving as the Chairman, President and CEO. He is also a Director and a 10% Owner of the company, as indicated in the Form 4 filing.
How many unvested RSUs does Louis Hoch still have at USIO after June 21, 2025?
Following the reported transactions, Louis Hoch still holds 25,000 restricted stock units (RSUs) of USIO, which have an expiration date of June 21, 2034.