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US Physical Therapy (USPH) interim CFO details restricted stock vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

U.S. Physical Therapy, Inc. interim CFO Jason Travis filed an initial ownership report showing beneficial ownership of 3,933 shares of common stock. Of this amount, 3,767 shares are restricted stock granted under the company’s Amended and Restated 2003 Stock Incentive Plan and remain subject to vesting.

The restricted shares vest in multiple tranches between May 20, 2026 and March 6, 2030, including several 171-share installments and larger grants such as 1,250 shares vesting on May 15, 2027. Vesting for each tranche requires his continued service with the company through the applicable vesting date.

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Insider CURTIS JASON TRAVIS
Role Interim CFO
Type Security Shares Price Value
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 3,933 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Total shares beneficially owned 3,933 shares Common stock reported on Form 3
Restricted stock subject to vesting 3,767 shares Granted under Amended and Restated 2003 Stock Incentive Plan
First vesting tranches 171 shares each Vest on May 20, 2026; August 20, 2026; November 20, 2026; March 6, 2027
Largest single vesting tranche 1,250 shares Vest on May 15, 2027
Later 171-share vesting dates 171 shares each Vest on dates from May 20, 2027 through March 6, 2029
Additional 2029 vesting tranches 178, 93, 93 shares Vest on May 20, 2029; August 20, 2029; November 20, 2029
Final vesting tranche 101 shares Vest on March 6, 2030
restricted stock financial
"The shares were granted as restricted stock pursuant to the Company's Amended and Restated 2003 Stock Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vesting restrictions financial
"Includes 3,767 shares of common stock subject to vesting restrictions."
Amended and Restated 2003 Stock Incentive Plan financial
"The shares were granted as restricted stock pursuant to the Company's Amended and Restated 2003 Stock Incentive Plan."
vesting is contingent financial
"Vesting is contingent upon the reporting person's continued service with the Company through each applicable vesting date."
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SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
CURTIS JASON TRAVIS
(Last)(First)(Middle)
1300 W SAM HOUSTON PKWAY S, SUITE 300
(Street)
HOUSTON TEXAS 77042
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
04/27/2026		3. Issuer Name and Ticker or Trading Symbol
U S PHYSICAL THERAPY INC /NV [ USPH ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Interim CFO
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock3,933(1)D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Includes 3,767 shares of common stock subject to vesting restrictions. The shares were granted as restricted stock pursuant to the Company's Amended and Restated 2003 Stock Incentive Plan. Restriction lapse as follows: 171 shares vest on each of May 20, 2026, August 20, 2026, November 20, 2026, and March 6, 2027; 1,250 shares vest on May 15, 2027; 171 shares vest on each of May 20, 2027, August 20, 2027, November 20, 2027, March 6, 2028, May 20, 2028, August 20, 2028, November 20, 2028, and March 6, 2029; 178 shares vest on May 20, 2029; 93 shares vest on each of August 20, 2029 and November 20, 2029; and 101 shares vest on March 6, 2030. Vesting is contingent upon the reporting person's continued service with the Company through each applicable vesting date.
/s/ Jason Curtis04/28/2026
** Signature of Reporting PersonDate
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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What does the Form 3 filing by USPH interim CFO Jason Travis show?

The Form 3 shows Jason Travis beneficially owning 3,933 USPH common shares. Of these, 3,767 shares are restricted stock that vest over time under the company’s Amended and Restated 2003 Stock Incentive Plan.

How many USPH shares held by Jason Travis are subject to vesting restrictions?

Jason Travis holds 3,767 restricted USPH shares subject to vesting conditions. These shares were granted as restricted stock and will vest in scheduled tranches over several years, contingent on his continued service with the company.

Over what period do Jason Travis’s restricted USPH shares vest?

His restricted USPH shares vest from May 20, 2026 through March 6, 2030. Multiple small tranches of 171 shares and other specified amounts vest on scheduled dates across this period, assuming he remains employed through each vesting date.

What is the largest single vesting tranche in Jason Travis’s USPH restricted stock?

The largest single tranche is 1,250 restricted shares scheduled to vest on May 15, 2027. Other vesting events involve smaller blocks, such as 171 shares on various dates and additional amounts vesting between 2026 and 2030.

What condition must be met for Jason Travis’s USPH restricted stock to vest?

All restricted USPH shares vest only if he continues service with the company through each vesting date. If that service condition is not met for a given date, the corresponding tranche would not vest under the plan’s terms.