Usio director converts 7,000 RSUs into shares

Usio, Inc. director Elizabeth Michelle Miller reported routine equity compensation activity.

Rhea-AI Filing Summary

Usio, Inc. director Elizabeth Michelle Miller reported routine equity compensation activity. On June 21, 2026, she exercised derivative awards, converting 7,000 Restricted Stock Units into the same number of Common Stock shares at $1.82 per share.

According to the filing, this occurred when RSUs granted on June 21, 2024 vested on June 21, 2026. Following the transaction, Miller directly holds 71,194 shares of Common Stock and 52,000 Restricted Stock Units, reflecting continued equity-based compensation rather than an open-market purchase or sale.

Insights

Equity compensation analyst

Routine RSU vesting and share issuance with no open-market trades.

The filing shows Elizabeth Michelle Miller converting 7,000 Restricted Stock Units into Common Stock at $1.82 per share as they vested on June 21, 2026. The RSUs were originally granted on June 21, 2024, indicating a standard two-year vesting schedule.

After this event, she holds 71,194 Common Stock shares and 52,000 RSUs directly. With no reported sales, this is typical compensation-related activity rather than an open-market signal, and it leaves her with a meaningful ongoing equity interest in Usio, Inc..

Insider Trade Summary

7,000 shares exercised/converted

Exercise 2 txns

Insider Miller Elizabeth Michelle

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	7,000	$1.82	$13K
Exercise	Common Stock	7,000	$1.82	$13K

Holdings After Transaction: Restricted Stock Units — 52,000 contracts (Direct); Common Stock — 71,194 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

RSUs converted: 7,000 shares Per-share value: $1.82 per share Common shares after transaction: 71,194 shares +4 more

7 metrics

RSUs converted 7,000 shares Restricted Stock Units converted to Common Stock on June 21, 2026

Per-share value $1.82 per share Reported transaction price for 7,000 Common Stock shares

Common shares after transaction 71,194 shares Total Common Stock directly held by Miller following the transaction

RSUs remaining 52,000 units Restricted Stock Units directly held by Miller after the transaction

Transaction code M Exercise or conversion of derivative security

RSU grant date June 21, 2024 Footnote disclosure of original RSU grant date

RSU vesting date June 21, 2026 Footnote disclosure of RSU vesting date

Key Terms

Restricted Stock Units, derivative security, vesting, exercise or conversion

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"

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.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vesting financial

"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 financial

"transaction_action: derivative exercise/conversion"

FAQ

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

What insider transaction did Usio (USIO) report for Elizabeth Michelle Miller?

Usio reported that director Elizabeth Michelle Miller exercised 7,000 Restricted Stock Units, receiving 7,000 shares of Common Stock at $1.82 per share. The RSUs were granted in June 2024 and vested in June 2026 as part of her equity compensation.

Did Elizabeth Michelle Miller buy or sell Usio (USIO) shares on the market?

The filing shows no open-market purchases or sales. Instead, Miller acquired 7,000 Usio Common Stock shares through the vesting and conversion of Restricted Stock Units, a routine equity compensation event rather than a discretionary market trade.

How many Usio (USIO) shares does Elizabeth Michelle Miller hold after this Form 4?

Following the reported transaction, Miller directly holds 71,194 shares of Usio Common Stock. She also holds 52,000 Restricted Stock Units, which represent additional potential future shares subject to vesting and other award conditions described in the compensation plan.

What was the value per share used for Elizabeth Michelle Miller’s RSU conversion at Usio?

The Form 4 reports a transaction price of $1.82 per share for the 7,000 Common Stock shares received upon RSU vesting. This figure is disclosed as the per-share value for the conversion of her equity award on June 21, 2026.

When were Elizabeth Michelle Miller’s Usio Restricted Stock Units granted and vested?

The footnote states that Miller’s Restricted Stock Units were granted on June 21, 2024 and vested on June 21, 2026. Upon vesting, 7,000 of these RSUs converted into an equal number of Usio Common Stock shares reported in this Form 4.

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

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Accepted by SEC EDGAR 06/23/2026 - 02:05 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^*

Miller Elizabeth Michelle

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/21/2026		M		7,000(1)	A	$1.82	71,194	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
Restricted Stock Units	$0.0000	06/21/2026		M			7,000(1)	06/21/2026	06/21/2034	Common Shares	7,000	$1.82	52,000	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.

	/s/ Michelle Miller	06/23/2026
	** 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)