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[Form 4] Usio, Inc. Insider Trading Activity

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

Elizabeth Michelle Miller, Director at Usio, reported significant insider transactions on June 22, 2025. The transactions involved:

  • 22,222 shares of common stock acquired at $1.44 per share through the vesting and conversion of Restricted Stock Units (RSUs) granted on June 22, 2024
  • 5,556 shares were subsequently disposed of at $1.44 per share to cover tax obligations
  • Following these transactions, Miller's direct ownership stands at 62,694 shares
  • Miller retains 16,000 unvested RSUs with an expiration date of June 22, 2034

The transactions were executed under standard RSU vesting procedures and tax-related share withholding, demonstrating typical insider compensation activity rather than open market transactions. The Form 4 was filed within the required reporting window on June 24, 2025.

Elizabeth Michelle Miller, Direttrice presso Usio, ha riportato significative operazioni di insider trading il 22 giugno 2025. Le operazioni hanno riguardato:

  • 22.222 azioni ordinarie acquisite a 1,44 $ per azione tramite il vesting e la conversione di Restricted Stock Units (RSU) concesse il 22 giugno 2024
  • 5.556 azioni successivamente vendute a 1,44 $ per azione per coprire obblighi fiscali
  • Dopo queste operazioni, la proprietà diretta di Miller ammonta a 62.694 azioni
  • Miller mantiene 16.000 RSU non maturate con scadenza il 22 giugno 2034

Le operazioni sono state eseguite secondo le procedure standard di vesting delle RSU e la trattenuta di azioni per motivi fiscali, rappresentando un'attività tipica di compensazione interna piuttosto che transazioni sul mercato aperto. Il modulo Form 4 è stato presentato entro il termine previsto il 24 giugno 2025.

Elizabeth Michelle Miller, Directora en Usio, reportó transacciones internas significativas el 22 de junio de 2025. Las transacciones involucraron:

  • 22,222 acciones ordinarias adquiridas a 1,44 $ por acción mediante la consolidación y conversión de Unidades de Acciones Restringidas (RSU) otorgadas el 22 de junio de 2024
  • 5,556 acciones fueron posteriormente vendidas a 1,44 $ por acción para cubrir obligaciones fiscales
  • Tras estas transacciones, la propiedad directa de Miller es de 62,694 acciones
  • Miller mantiene 16,000 RSU no consolidadas con fecha de vencimiento el 22 de junio de 2034

Las transacciones se ejecutaron bajo procedimientos estándar de consolidación de RSU y retención de acciones relacionadas con impuestos, demostrando una actividad típica de compensación interna más que transacciones en el mercado abierto. El Formulario 4 fue presentado dentro del plazo requerido el 24 de junio de 2025.

엘리자베� 미셸 밀�, Usio� 이사� 2025� 6� 22� 중요� 내부� 거래� 보고했습니다. 거래 내용은 다음� 같습니다:

  • 22,222 주의 보통주를 1.44달러� 취득했으�, 이는 2024� 6� 22일에 부여된 제한 주식 단위(RSU)� 권리 확정 � 전환� 통해 이루어졌습니�
  • 5,556 주는 이후 세금 납부� 위해 1.44달러� 처분되었습니�
  • � 거래 � 밀러의 직접 소유 주식 수는 62,694 주입니다
  • 밀러는 만료일이 2034� 6� 22일인 16,000 주의 미확� RSU� 보유하고 있습니다

� 거래들은 표준 RSU 권리 확정 절차와 세금 관� 주식 원천징수� 따라 수행되었으며, 공개 시장 거래가 아닌 일반적인 내부� 보상 활동임을 보여줍니�. Form 4� 2025� 6� 24� 요구� 보고 기간 내에 제출되었습니�.

Elizabeth Michelle Miller, Directrice chez Usio, a déclaré des transactions d'initiés importantes le 22 juin 2025. Les transactions comprenaient :

  • 22 222 actions ordinaires acquises au prix de 1,44 $ par action par le biais de l'acquisition progressive et de la conversion d'Unités d'Actions Restreintes (RSU) attribuées le 22 juin 2024
  • 5 556 actions ont ensuite été cédées au prix de 1,44 $ par action pour couvrir des obligations fiscales
  • Après ces transactions, la détention directe de Miller s'élève à 62 694 actions
  • Miller conserve 16 000 RSU non acquises avec une date d'expiration au 22 juin 2034

Ces transactions ont été réalisées selon les procédures standard d'acquisition progressive des RSU et de retenue d'actions pour des raisons fiscales, illustrant une activité de rémunération interne typique plutôt que des transactions sur le marché libre. Le formulaire 4 a été déposé dans le délai requis, le 24 juin 2025.

Elizabeth Michelle Miller, Direktorin bei Usio, meldete am 22. Juni 2025 bedeutende Insider-Transaktionen. Die Transaktionen umfassten:

  • 22.222 Stammaktien, die zum Preis von 1,44 $ pro Aktie durch die Vesting- und Umwandlung von Restricted Stock Units (RSUs) erworben wurden, die am 22. Juni 2024 gewährt wurden
  • 5.556 Aktien wurden anschließend zum Preis von 1,44 $ pro Aktie verkauft, um Steuerverpflichtungen zu decken
  • Nach diesen Transaktionen besitzt Miller direkt 62.694 Aktien
  • Miller behält 16.000 unverfallbare RSUs mit Ablaufdatum 22. Juni 2034

Die Transaktionen wurden gemäß den üblichen RSU-Vesting-Verfahren und der steuerbedingten Aktieneinbehaltung durchgeführt und zeigen eine typische Insider-Vergütungsaktivität und keine Transaktionen am offenen Markt. Das Formular 4 wurde fristgerecht am 24. Juni 2025 eingereicht.

Positive
  • None.
Negative
  • None.

Elizabeth Michelle Miller, Direttrice presso Usio, ha riportato significative operazioni di insider trading il 22 giugno 2025. Le operazioni hanno riguardato:

  • 22.222 azioni ordinarie acquisite a 1,44 $ per azione tramite il vesting e la conversione di Restricted Stock Units (RSU) concesse il 22 giugno 2024
  • 5.556 azioni successivamente vendute a 1,44 $ per azione per coprire obblighi fiscali
  • Dopo queste operazioni, la proprietà diretta di Miller ammonta a 62.694 azioni
  • Miller mantiene 16.000 RSU non maturate con scadenza il 22 giugno 2034

Le operazioni sono state eseguite secondo le procedure standard di vesting delle RSU e la trattenuta di azioni per motivi fiscali, rappresentando un'attività tipica di compensazione interna piuttosto che transazioni sul mercato aperto. Il modulo Form 4 è stato presentato entro il termine previsto il 24 giugno 2025.

Elizabeth Michelle Miller, Directora en Usio, reportó transacciones internas significativas el 22 de junio de 2025. Las transacciones involucraron:

  • 22,222 acciones ordinarias adquiridas a 1,44 $ por acción mediante la consolidación y conversión de Unidades de Acciones Restringidas (RSU) otorgadas el 22 de junio de 2024
  • 5,556 acciones fueron posteriormente vendidas a 1,44 $ por acción para cubrir obligaciones fiscales
  • Tras estas transacciones, la propiedad directa de Miller es de 62,694 acciones
  • Miller mantiene 16,000 RSU no consolidadas con fecha de vencimiento el 22 de junio de 2034

Las transacciones se ejecutaron bajo procedimientos estándar de consolidación de RSU y retención de acciones relacionadas con impuestos, demostrando una actividad típica de compensación interna más que transacciones en el mercado abierto. El Formulario 4 fue presentado dentro del plazo requerido el 24 de junio de 2025.

엘리자베� 미셸 밀�, Usio� 이사� 2025� 6� 22� 중요� 내부� 거래� 보고했습니다. 거래 내용은 다음� 같습니다:

  • 22,222 주의 보통주를 1.44달러� 취득했으�, 이는 2024� 6� 22일에 부여된 제한 주식 단위(RSU)� 권리 확정 � 전환� 통해 이루어졌습니�
  • 5,556 주는 이후 세금 납부� 위해 1.44달러� 처분되었습니�
  • � 거래 � 밀러의 직접 소유 주식 수는 62,694 주입니다
  • 밀러는 만료일이 2034� 6� 22일인 16,000 주의 미확� RSU� 보유하고 있습니다

� 거래들은 표준 RSU 권리 확정 절차와 세금 관� 주식 원천징수� 따라 수행되었으며, 공개 시장 거래가 아닌 일반적인 내부� 보상 활동임을 보여줍니�. Form 4� 2025� 6� 24� 요구� 보고 기간 내에 제출되었습니�.

Elizabeth Michelle Miller, Directrice chez Usio, a déclaré des transactions d'initiés importantes le 22 juin 2025. Les transactions comprenaient :

  • 22 222 actions ordinaires acquises au prix de 1,44 $ par action par le biais de l'acquisition progressive et de la conversion d'Unités d'Actions Restreintes (RSU) attribuées le 22 juin 2024
  • 5 556 actions ont ensuite été cédées au prix de 1,44 $ par action pour couvrir des obligations fiscales
  • Après ces transactions, la détention directe de Miller s'élève à 62 694 actions
  • Miller conserve 16 000 RSU non acquises avec une date d'expiration au 22 juin 2034

Ces transactions ont été réalisées selon les procédures standard d'acquisition progressive des RSU et de retenue d'actions pour des raisons fiscales, illustrant une activité de rémunération interne typique plutôt que des transactions sur le marché libre. Le formulaire 4 a été déposé dans le délai requis, le 24 juin 2025.

Elizabeth Michelle Miller, Direktorin bei Usio, meldete am 22. Juni 2025 bedeutende Insider-Transaktionen. Die Transaktionen umfassten:

  • 22.222 Stammaktien, die zum Preis von 1,44 $ pro Aktie durch die Vesting- und Umwandlung von Restricted Stock Units (RSUs) erworben wurden, die am 22. Juni 2024 gewährt wurden
  • 5.556 Aktien wurden anschließend zum Preis von 1,44 $ pro Aktie verkauft, um Steuerverpflichtungen zu decken
  • Nach diesen Transaktionen besitzt Miller direkt 62.694 Aktien
  • Miller behält 16.000 unverfallbare RSUs mit Ablaufdatum 22. Juni 2034

Die Transaktionen wurden gemäß den üblichen RSU-Vesting-Verfahren und der steuerbedingten Aktieneinbehaltung durchgeführt und zeigen eine typische Insider-Vergütungsaktivität und keine Transaktionen am offenen Markt. Das Formular 4 wurde fristgerecht am 24. Juni 2025 eingereicht.

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 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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2025
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 06/22/2025 M 22,222(1) A $1.44 68,250 D
Common Stock 06/22/2025 F 5,556(2) D $1.44 62,694 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 06/22/2025 M 22,222(1) 06/22/2025 06/22/2034 Common Shares 22,222 $0.0000 16,000 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 6/22/2024 and vested 6/22/2025.
2. The reporting person returned SHARECOUNT shares to the issuer at the closing price on 6/22/2025 of 1.44 to cover taxes due.
/s/ Elizabeth Michelle Miller 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 insider trading activity occurred at USIO on June 22, 2025?

Director Elizabeth Michelle Miller received 22,222 shares of USIO common stock through the vesting of restricted stock units (RSUs). She then disposed of 5,556 shares at $1.44 per share to cover tax obligations, resulting in a final beneficial ownership of 62,694 shares.

How many USIO shares does Director Elizabeth Miller own after the June 2025 transaction?

Following the reported transactions on June 22, 2025, Elizabeth Miller directly owns 62,694 shares of USIO common stock after receiving 22,222 shares from RSU vesting and disposing of 5,556 shares for tax purposes.

What was the vesting schedule for USIO Director Miller's RSU grant?

The restricted stock units were granted on June 22, 2024, and vested one year later on June 22, 2025. The RSUs have an expiration date of June 22, 2034 and were converted at a $0.00 exercise price.

What was the price of USIO shares used for tax withholding in Director Miller's June 2025 transaction?

The shares used for tax withholding were valued at $1.44 per share, which was the closing price of USIO stock on June 22, 2025.

How many restricted stock units (RSUs) does USIO Director Miller still hold after the June 2025 vesting event?

According to the filing, Elizabeth Miller still holds 16,000 restricted stock units (RSUs) following the reported transaction where 22,222 RSUs were converted to common stock.
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Software - Infrastructure
Functions Related to Depository Banking, Nec
United States
SAN ANTONIO