Usio director exercises 2,000 RSUs, covers tax in shares

Usio, Inc. director Elizabeth Michelle Miller exercised restricted stock units and received additional common shares as part of her equity compensation.

Rhea-AI Filing Summary

Usio, Inc. director Elizabeth Michelle Miller exercised restricted stock units and received additional common shares as part of her equity compensation. On March 16, 2026, 2,000 restricted stock units vested and converted into 2,000 shares of common stock at a reference price of $1.21 per share. Of these, 500 shares were returned to Usio at $1.21 to satisfy tax obligations. Following the transactions, she directly holds 64,194 shares of common stock and 35,000 restricted stock units.

Insider Trade Summary

2,000 shares exercised/converted

Exercise 3 txns

Insider Miller Elizabeth Michelle

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,000	$1.21	$2K
Exercise	Common Stock	2,000	$1.21	$2K
Exercise Price or Tax Liability	Common Stock	500	$1.21	$605.00

Holdings After Transaction: Restricted Stock Units — 35,000 contracts (Direct); Common Stock — 64,194 shares (Direct)

Footnotes (2)

1. F1. The reporting person received these shares of common stock due to the vesting and subsequent conversion of restricted stock units granted on March 16, 2023, and March 16, 2026.
2. F2. The reporting person returned 500 shares to the issuer at the closing price of 1.21 on March 16, 2026, to cover taxes due.

FAQ

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

What did Usio (USIO) director Elizabeth Michelle Miller report in this Form 4?

Elizabeth Michelle Miller reported the vesting and conversion of 2,000 restricted stock units into common stock. She then returned 500 of those shares to Usio at $1.21 per share to cover taxes due on March 16, 2026.

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

After the March 16, 2026 transactions, Elizabeth Michelle Miller directly holds 64,194 shares of Usio common stock. She also retains 35,000 restricted stock units, providing additional potential equity exposure if those units vest in the future.

Was Elizabeth Michelle Miller buying or selling Usio (USIO) stock in the open market?

The filing does not show open-market buying or selling. Instead, Miller received 2,000 shares through the vesting and conversion of restricted stock units and returned 500 shares to Usio solely to cover tax obligations related to that vesting.

What price was used for Elizabeth Michelle Miller’s Usio (USIO) tax withholding shares?

The 500 shares returned to Usio to cover taxes were valued at $1.21 per share. This reflects the closing price of Usio common stock on March 16, 2026, as disclosed in the Form 4 footnote.

What triggered the vesting of Elizabeth Michelle Miller’s Usio (USIO) restricted stock units?

The vesting was tied to restricted stock units granted on March 16, 2023 and March 16, 2026. On March 16, 2026, 2,000 units vested and automatically converted into an equal number of Usio common shares for Miller.

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

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Accepted by SEC EDGAR 03/20/2026 - 02:02 PM 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)
03/16/2026

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	03/16/2026		M		2,000(1)	A	$1.21	64,694	D
Common Stock	03/16/2026		F		500(2)	D	$1.21	64,194	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	03/16/2026		M			2,000(1)	03/16/2026	03/16/2033	Restricted Stock Units	2,000	$1.21	35,000	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 March 16, 2023, and March 16, 2026.

2. The reporting person returned 500 shares to the issuer at the closing price of 1.21 on March 16, 2026, to cover taxes due.

	/s/ Michelle Miller	03/20/2026
	** 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)