Major Usio (USIO) shareholder National Services reports small stock sales

Rhea-AI Filing Summary

Usio, Inc. reported insider share sales by a major shareholder. National Services, Inc., a more than 10% owner of Usio, filed a Form 4 showing open-market sales of common stock. On January 20, 2026, it sold 10,000 shares at $1.3579 per share, followed by a sale of 7,512 shares at $1.363 per share on January 21, 2026.

After these transactions, National Services, Inc. beneficially owned 2,776,485 Usio common shares. This total includes 7,420 shares held by the sole shareholder of National Services, which are counted in its beneficial ownership. The filing reflects a small reduction of an existing large position rather than any new share issuance by the company.

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

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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^*

National Services, Inc

(Last) (First) (Middle)

4303 SAN RAFAEL AVENUE

(Street)

LOS ANGELES CA 90042

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

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2023

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	01/20/2026		S		10,000	D	$1.3579	2,783,997(1)	D
Common Stock	01/21/2026		S		7,512	D	$1.363	2,776,485(1)	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

Explanation of Responses:

1. Amount of Securities Beneficially Owned Following Reported Transaction includes 7,420 shares held by sole shareholder of Reporting Person.

Remarks:

Exhibit 24.1: Power of Attorney

	/s/ Jeffrey R. Dohoda, Attorney-in-Fact for National Services, Inc.	01/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did USIO report in this Form 4?

The filing shows that National Services, Inc., a more than 10% owner of Usio, Inc. (USIO), sold shares of Usio common stock in two open-market transactions.

How many Usio (USIO) shares did National Services, Inc. sell?

National Services, Inc. sold 10,000 Usio common shares on January 20, 2026 and 7,512 shares on January 21, 2026.

At what prices were the USIO shares sold in this insider filing?

The Usio common shares were sold at $1.3579 per share on January 20, 2026 and $1.363 per share on January 21, 2026.

How many USIO shares does National Services, Inc. own after these sales?

Following the reported transactions, National Services, Inc. beneficially owned 2,776,485 Usio common shares.

What does the footnote about 7,420 USIO shares mean in this Form 4?

The footnote explains that the reported beneficial ownership of 2,776,485 shares includes 7,420 Usio shares held by the sole shareholder of National Services, Inc.

Is Usio, Inc. issuing new shares in connection with this Form 4?

No. The Form 4 reports secondary market sales by a large shareholder, National Services, Inc.; it does not involve Usio issuing new shares.