STOCK TITAN

[Form 4] Usio, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Insider Filing Overview: On 06/24/2025 Usio, Inc. (USIO) submitted a Form 4 disclosing that Senior Vice President & Chief Product Officer Houston Korth Frost converted restricted stock units (RSUs) into common shares.

Key transaction details

  • Date of transaction: 06/21/2025 (reported code M – derivative conversion)
  • Securities acquired: 4,000 common shares
  • Conversion price: $0.00; filing cites market price of $1.44 per share (approx. $5,760 total value)
  • Source: RSUs granted 06/21/2024, vested 06/21/2025

Post-transaction holdings

  • Total direct common-stock ownership rises to 667,108 shares
  • Derivative holdings (unvested/remaining RSUs): 12,000 units

Investment takeaways

  • The conversion is non-cash and does not involve an open-market purchase or sale, so immediate market supply/demand is unaffected.
  • The award size is modest relative to typical daily volume and outstanding share count, implying limited dilution impact.
  • Incremental ownership reinforces management-shareholder alignment but, by itself, is unlikely to materially influence valuation or governance dynamics.

Panoramica della comunicazione interna: Il 24/06/2025 Usio, Inc. (USIO) ha presentato un Modulo 4 che rivela come il Senior Vice President e Chief Product Officer Houston Korth Frost abbia convertito unità di azioni vincolate (RSU) in azioni ordinarie.

Dettagli principali della transazione

  • Data della transazione: 21/06/2025 (codice segnalazione M – conversione di derivati)
  • Titoli acquisiti: 4.000 azioni ordinarie
  • Prezzo di conversione: $0,00; il modulo indica un prezzo di mercato di $1,44 per azione (valore totale circa $5.760)
  • Origine: RSU assegnate il 21/06/2024, maturate il 21/06/2025

Detenzione post-transazione

  • La proprietà diretta totale di azioni ordinarie sale a 667.108 azioni
  • Detenzioni derivanti (RSU non maturate/rimanenti): 12.000 unità

Considerazioni sull'investimento

  • La conversione non comporta movimenti di cassa né acquisti o vendite sul mercato aperto, quindi l'offerta e la domanda immediate non ne risentono.
  • La dimensione della concessione è modesta rispetto al volume giornaliero tipico e al numero totale di azioni in circolazione, indicando un impatto limitato sulla diluizione.
  • L'aumento della proprietà rafforza l'allineamento tra management e azionisti ma, da solo, difficilmente influenzerà in modo significativo la valutazione o la governance.

Resumen de presentación interna: El 24/06/2025 Usio, Inc. (USIO) presentó un Formulario 4 informando que el Vicepresidente Senior y Director de Producto, Houston Korth Frost, convirtió unidades de acciones restringidas (RSU) en acciones comunes.

Detalles clave de la transacción

  • Fecha de la transacción: 21/06/2025 (código reportado M – conversión de derivados)
  • Valores adquiridos: 4,000 acciones comunes
  • Precio de conversión: $0.00; el formulario cita un precio de mercado de $1.44 por acción (valor total aproximado de $5,760)
  • Origen: RSU otorgadas el 21/06/2024, adquiridas el 21/06/2025

Posición tras la transacción

  • La propiedad directa total de acciones comunes aumenta a 667,108 acciones
  • Posiciones derivadas (RSU no adquiridas/restantes): 12,000 unidades

Aspectos clave para la inversión

  • La conversión no implica flujo de efectivo ni compra o venta en el mercado abierto, por lo que la oferta y demanda inmediata no se ven afectadas.
  • El tamaño de la concesión es modesto en relación con el volumen diario típico y el número total de acciones en circulación, lo que implica un impacto limitado en la dilución.
  • El aumento en la propiedad refuerza la alineación entre la dirección y los accionistas, pero por sí solo probablemente no influirá materialmente en la valoración o en la dinámica de gobernanza.

내부자 신고 개요: 2025년 6월 24일 Usio, Inc. (USIO)는 수석 부사장 겸 최고 제품 책임자인 휴스턴 코스 프로스트가 제한 주식 단위(RSU)를 보통주로 전환했음을 신고하는 Form 4를 제출했습니다.

주요 거래 세부사항

  • 거래일: 2025년 6월 21일 (신고 코드 M – 파생상품 전환)
  • 취득한 증권: 4,000 보통주
  • 전환 가격: $0.00; 신고서에는 주당 시장 가격 $1.44 명시 (총 가치 약 $5,760)
  • 출처: 2024년 6월 21일에 부여된 RSU, 2025년 6월 21일에 권리 취득

거래 후 보유 현황

  • 직접 보유 보통주 총액이 667,108주로 증가
  • 파생 보유 (미권리/잔여 RSU): 12,000 단위

투자 시 고려 사항

  • 이번 전환은 현금 거래가 아니며, 공개 시장에서의 매매를 포함하지 않아 즉각적인 시장 수요와 공급에 영향이 없습니다.
  • 부여 규모는 일반적인 일일 거래량 및 발행 주식 수에 비해 적당하여 희석 효과가 제한적임을 시사합니다.
  • 추가 보유는 경영진과 주주 간의 이해관계 일치를 강화하지만, 단독으로는 가치 평가나 지배 구조에 큰 영향을 미칠 가능성은 낮습니다.

Présentation du dépôt d'initié : Le 24/06/2025, Usio, Inc. (USIO) a soumis un formulaire 4 indiquant que le Vice-Président Senior et Directeur Produit, Houston Korth Frost, a converti des unités d'actions restreintes (RSU) en actions ordinaires.

Détails clés de la transaction

  • Date de la transaction : 21/06/2025 (code déclaré M – conversion de dérivés)
  • Titres acquis : 4 000 actions ordinaires
  • Prix de conversion : 0,00 $ ; le formulaire mentionne un prix de marché de 1,44 $ par action (valeur totale d'environ 5 760 $)
  • Origine : RSU attribuées le 21/06/2024, acquises le 21/06/2025

Détentions après la transaction

  • La détention directe totale d'actions ordinaires augmente à 667 108 actions
  • Détentions dérivées (RSU non acquises/restantes) : 12 000 unités

Points clés pour l'investissement

  • La conversion est sans contrepartie financière et n'implique pas d'achat ou de vente sur le marché ouvert, donc l'offre et la demande immédiates ne sont pas affectées.
  • La taille de l'attribution est modeste par rapport au volume quotidien typique et au nombre total d'actions en circulation, ce qui implique un impact limité sur la dilution.
  • Cette augmentation de détention renforce l'alignement entre la direction et les actionnaires mais, à elle seule, est peu susceptible d'influencer significativement la valorisation ou la gouvernance.

Übersicht der Insider-Meldung: Am 24.06.2025 reichte Usio, Inc. (USIO) ein Formular 4 ein, das offenlegt, dass der Senior Vice President und Chief Product Officer Houston Korth Frost Restricted Stock Units (RSUs) in Stammaktien umgewandelt hat.

Wesentliche Transaktionsdetails

  • Transaktionsdatum: 21.06.2025 (gemeldeter Code M – Derivatkonversion)
  • Erworbene Wertpapiere: 4.000 Stammaktien
  • Umwandlungspreis: 0,00 $; im Formular wird ein Marktpreis von 1,44 $ pro Aktie angegeben (ca. 5.760 $ Gesamtwert)
  • Quelle: RSUs gewährt am 21.06.2024, freigegeben am 21.06.2025

Bestände nach der Transaktion

  • Gesamtbesitz an Stammaktien steigt auf 667.108 Aktien
  • Derivative Bestände (nicht freigegebene/verbleibende RSUs): 12.000 Einheiten

Investitionsaspekte

  • Die Umwandlung ist nicht barwirksam und beinhaltet keinen Kauf oder Verkauf am offenen Markt, daher bleibt das unmittelbare Marktangebot und die Nachfrage unbeeinflusst.
  • Die Größe der Zuteilung ist im Verhältnis zum typischen Tagesvolumen und der ausstehenden Aktienzahl moderat, was auf eine begrenzte Verwässerungswirkung hinweist.
  • Die erhöhte Beteiligung stärkt die Ausrichtung zwischen Management und Aktionären, wird jedoch allein wahrscheinlich keine wesentlichen Auswirkungen auf Bewertung oder Governance haben.

Positive
  • Officer increased direct ownership by 4,000 shares, reinforcing management-shareholder alignment.
  • No cash sale; transaction did not put additional shares into public float, limiting immediate dilution.
Negative
  • Incremental dilution from RSU conversion, though the 4,000-share amount is immaterial.

Insights

TL;DR: Routine RSU vesting; 4,000 shares added, ownership now 667k. Minor dollar value; immaterial market impact but signals continued insider alignment.

The filing shows a standard one-year RSU vesting cycle. At $1.44 market value, the $5.8k worth of shares is negligible versus Usio’s market cap and average daily turnover. Because the conversion price is zero, no cash changed hands and no open-market transaction occurred, so float and liquidity are unchanged. The officer’s cumulative stake of 667,108 shares signifies meaningful skin-in-the-game, yet today’s increment is only ~0.6% of his holdings. I view the event as neutral for valuation and trading dynamics.

TL;DR: Normal equity-compensation vesting; governance status quo. Slight dilution offset by insider-ownership alignment. No red flags detected.

Usio continues to remunerate senior executives primarily through equity, consistent with shareholder-alignment best practices. The RSU plan vests annually, encouraging retention without excessive dilution—4,000 new shares represent a fraction of outstanding stock. Post-vest, Frost’s >667k-share stake maintains a strong incentive linkage. There are no indications of opportunistic timing or 10b5-1 activity. From a governance lens, the event is routine and supports, rather than detracts from, best-practice compensation structures; hence overall impact is neutral-positive but immaterial.

Panoramica della comunicazione interna: Il 24/06/2025 Usio, Inc. (USIO) ha presentato un Modulo 4 che rivela come il Senior Vice President e Chief Product Officer Houston Korth Frost abbia convertito unità di azioni vincolate (RSU) in azioni ordinarie.

Dettagli principali della transazione

  • Data della transazione: 21/06/2025 (codice segnalazione M – conversione di derivati)
  • Titoli acquisiti: 4.000 azioni ordinarie
  • Prezzo di conversione: $0,00; il modulo indica un prezzo di mercato di $1,44 per azione (valore totale circa $5.760)
  • Origine: RSU assegnate il 21/06/2024, maturate il 21/06/2025

Detenzione post-transazione

  • La proprietà diretta totale di azioni ordinarie sale a 667.108 azioni
  • Detenzioni derivanti (RSU non maturate/rimanenti): 12.000 unità

Considerazioni sull'investimento

  • La conversione non comporta movimenti di cassa né acquisti o vendite sul mercato aperto, quindi l'offerta e la domanda immediate non ne risentono.
  • La dimensione della concessione è modesta rispetto al volume giornaliero tipico e al numero totale di azioni in circolazione, indicando un impatto limitato sulla diluizione.
  • L'aumento della proprietà rafforza l'allineamento tra management e azionisti ma, da solo, difficilmente influenzerà in modo significativo la valutazione o la governance.

Resumen de presentación interna: El 24/06/2025 Usio, Inc. (USIO) presentó un Formulario 4 informando que el Vicepresidente Senior y Director de Producto, Houston Korth Frost, convirtió unidades de acciones restringidas (RSU) en acciones comunes.

Detalles clave de la transacción

  • Fecha de la transacción: 21/06/2025 (código reportado M – conversión de derivados)
  • Valores adquiridos: 4,000 acciones comunes
  • Precio de conversión: $0.00; el formulario cita un precio de mercado de $1.44 por acción (valor total aproximado de $5,760)
  • Origen: RSU otorgadas el 21/06/2024, adquiridas el 21/06/2025

Posición tras la transacción

  • La propiedad directa total de acciones comunes aumenta a 667,108 acciones
  • Posiciones derivadas (RSU no adquiridas/restantes): 12,000 unidades

Aspectos clave para la inversión

  • La conversión no implica flujo de efectivo ni compra o venta en el mercado abierto, por lo que la oferta y demanda inmediata no se ven afectadas.
  • El tamaño de la concesión es modesto en relación con el volumen diario típico y el número total de acciones en circulación, lo que implica un impacto limitado en la dilución.
  • El aumento en la propiedad refuerza la alineación entre la dirección y los accionistas, pero por sí solo probablemente no influirá materialmente en la valoración o en la dinámica de gobernanza.

내부자 신고 개요: 2025년 6월 24일 Usio, Inc. (USIO)는 수석 부사장 겸 최고 제품 책임자인 휴스턴 코스 프로스트가 제한 주식 단위(RSU)를 보통주로 전환했음을 신고하는 Form 4를 제출했습니다.

주요 거래 세부사항

  • 거래일: 2025년 6월 21일 (신고 코드 M – 파생상품 전환)
  • 취득한 증권: 4,000 보통주
  • 전환 가격: $0.00; 신고서에는 주당 시장 가격 $1.44 명시 (총 가치 약 $5,760)
  • 출처: 2024년 6월 21일에 부여된 RSU, 2025년 6월 21일에 권리 취득

거래 후 보유 현황

  • 직접 보유 보통주 총액이 667,108주로 증가
  • 파생 보유 (미권리/잔여 RSU): 12,000 단위

투자 시 고려 사항

  • 이번 전환은 현금 거래가 아니며, 공개 시장에서의 매매를 포함하지 않아 즉각적인 시장 수요와 공급에 영향이 없습니다.
  • 부여 규모는 일반적인 일일 거래량 및 발행 주식 수에 비해 적당하여 희석 효과가 제한적임을 시사합니다.
  • 추가 보유는 경영진과 주주 간의 이해관계 일치를 강화하지만, 단독으로는 가치 평가나 지배 구조에 큰 영향을 미칠 가능성은 낮습니다.

Présentation du dépôt d'initié : Le 24/06/2025, Usio, Inc. (USIO) a soumis un formulaire 4 indiquant que le Vice-Président Senior et Directeur Produit, Houston Korth Frost, a converti des unités d'actions restreintes (RSU) en actions ordinaires.

Détails clés de la transaction

  • Date de la transaction : 21/06/2025 (code déclaré M – conversion de dérivés)
  • Titres acquis : 4 000 actions ordinaires
  • Prix de conversion : 0,00 $ ; le formulaire mentionne un prix de marché de 1,44 $ par action (valeur totale d'environ 5 760 $)
  • Origine : RSU attribuées le 21/06/2024, acquises le 21/06/2025

Détentions après la transaction

  • La détention directe totale d'actions ordinaires augmente à 667 108 actions
  • Détentions dérivées (RSU non acquises/restantes) : 12 000 unités

Points clés pour l'investissement

  • La conversion est sans contrepartie financière et n'implique pas d'achat ou de vente sur le marché ouvert, donc l'offre et la demande immédiates ne sont pas affectées.
  • La taille de l'attribution est modeste par rapport au volume quotidien typique et au nombre total d'actions en circulation, ce qui implique un impact limité sur la dilution.
  • Cette augmentation de détention renforce l'alignement entre la direction et les actionnaires mais, à elle seule, est peu susceptible d'influencer significativement la valorisation ou la gouvernance.

Übersicht der Insider-Meldung: Am 24.06.2025 reichte Usio, Inc. (USIO) ein Formular 4 ein, das offenlegt, dass der Senior Vice President und Chief Product Officer Houston Korth Frost Restricted Stock Units (RSUs) in Stammaktien umgewandelt hat.

Wesentliche Transaktionsdetails

  • Transaktionsdatum: 21.06.2025 (gemeldeter Code M – Derivatkonversion)
  • Erworbene Wertpapiere: 4.000 Stammaktien
  • Umwandlungspreis: 0,00 $; im Formular wird ein Marktpreis von 1,44 $ pro Aktie angegeben (ca. 5.760 $ Gesamtwert)
  • Quelle: RSUs gewährt am 21.06.2024, freigegeben am 21.06.2025

Bestände nach der Transaktion

  • Gesamtbesitz an Stammaktien steigt auf 667.108 Aktien
  • Derivative Bestände (nicht freigegebene/verbleibende RSUs): 12.000 Einheiten

Investitionsaspekte

  • Die Umwandlung ist nicht barwirksam und beinhaltet keinen Kauf oder Verkauf am offenen Markt, daher bleibt das unmittelbare Marktangebot und die Nachfrage unbeeinflusst.
  • Die Größe der Zuteilung ist im Verhältnis zum typischen Tagesvolumen und der ausstehenden Aktienzahl moderat, was auf eine begrenzte Verwässerungswirkung hinweist.
  • Die erhöhte Beteiligung stärkt die Ausrichtung zwischen Management und Aktionären, wird jedoch allein wahrscheinlich keine wesentlichen Auswirkungen auf Bewertung oder Governance haben.

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*
Frost Houston Korth

(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 Product 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 4,000(1) A $1.44 667,108 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 4,000 06/21/2025 06/21/2034 Common Stock 4,000(1) $0.0000 12,000 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 6/21/2024 and vested 6/21/2025.
/s/ Houston Frost 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 insider Houston Frost report on Form 4?

He converted 4,000 RSUs into common stock on 06/21/2025, adding to his holdings.

How many USIO shares does Houston Frost own after the transaction?

Following the conversion, he directly owns 667,108 common shares.

Was the transaction a purchase or sale on the open market?

No. It was a code M derivative conversion; no open-market activity occurred.

What was the value of the shares acquired by the USIO executive?

Based on the $1.44 price disclosed, the 4,000 shares are worth about $5,760.

Does Frost still hold unvested RSUs after this filing?

Yes. He retains 12,000 derivative securities (likely RSUs) post-transaction.
Usio Inc

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Software - Infrastructure
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United States
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