USIO Insider Filing: CAO Retains Majority of 6k Vested RSUs

Rhea-AI Filing Summary

Usio, Inc. (USIO) – Form 4 insider transaction: SVP & Chief Accounting Officer Michael J. White reported activity dated 21 June 2025.

• Equity acquired: 6,000 common shares at an effective price of $1.44 per share through the vesting and conversion of previously granted RSUs.
• Shares withheld for taxes: 1,779 shares automatically returned to the issuer at the same $1.44 price to satisfy withholding obligations.
• Net result: Insider’s direct holdings increase by 4,221 shares to 216,537 common shares.
• Derivative position: 6,000 RSUs exercised; 13,200 RSUs remain outstanding, expiring 21 June 2034.

The transaction is routine compensation-related activity rather than an open-market purchase or discretionary sale, and the officer retained the majority (≈70%) of the vested shares, signalling continued equity exposure.

Positive

• Insider increased direct ownership by 4,221 shares, suggesting continued confidence in the company.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine RSU vesting; insider retains most shares, modestly increasing stake—neutral impact.

The filing shows standard compensation mechanics: 6,000 RSUs vested and converted, with 1,779 shares surrendered to cover taxes. No discretionary selling occurred, and the officer’s direct ownership rose to 216,537 shares, indicating ongoing alignment with shareholders. The remaining 13,200 RSUs provide additional upside participation. Transaction size (≈$8.6k net value) is immaterial relative to USIO’s market cap, so market impact is expected to be minimal.

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 TX 78231

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	06/21/2025		M		6,000(2)	A	$1.44	218,316	D
Common Stock	06/21/2025		F		1,779(1)	D	$1.44	216,537	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
Restriced Stock Units	$0.0000	06/21/2025		M			6,000(2)	06/21/2025	06/21/2034	Common Shares	6,000	$0.0000	13,200	D

Explanation of Responses:

1. The reporting person returned 1,779 shares to the issuer at the closing price on 6/21/2025 of 1.44 to cover taxes due.

2. 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.

	/s/ Michael White	06/24/2025
	** 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.

FAQ

What did Usio (USIO) disclose in the latest Form 4?

SVP & CAO Michael J. White vested 6,000 RSUs, kept 4,221 shares net, and now owns 216,537 shares directly.

How many Usio shares were withheld for taxes?

Exactly 1,779 shares were returned to the issuer at $1.44 to cover withholding taxes.

Does the officer still hold derivative securities after the transaction?

Yes, 13,200 RSUs remain outstanding, exercisable until 21 June 2034.

Was this an open-market purchase or sale?

No. The activity was automatic RSU vesting; no discretionary market trade occurred.

What is the officer’s current direct share ownership in USIO?

After the transaction, Michael J. White holds 216,537 common shares directly.