[Form 4] U S GLOBAL INVESTORS INC Insider Trading Activity

Rhea-AI Filing Summary

U S Global Investors CFO Lisa Callicotte reported a routine compensation-related stock transaction. She acquired 359 shares of Class A Common Stock at $2.63 per share through a restricted stock purchase under the company’s employee stock purchase plan. Following this transaction, she directly holds 37,926 Class A shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Callicotte Lisa

Role CFO

Type	Security	Shares	Price	Value
Other	Class A Common Stock	359	$2.63	$944.17

Holdings After Transaction: Class A Common Stock — 37,926 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 359 shares Purchase price: $2.63 per share Post-transaction holdings: 37,926 shares +1 more

4 metrics

Shares acquired 359 shares Restricted stock purchase under employee stock purchase plan

Purchase price $2.63 per share Price for Class A Common Stock in this transaction

Post-transaction holdings 37,926 shares Class A Common Stock directly held by CFO after transaction

Restructuring shares 359 shares Shares classified under restructuring/other in transaction summary

Key Terms

restricted stock, employee stock purchase plan, Form 4, Class A Common Stock

4 terms

restricted stock financial

"Restricted stock purchase under employee stock purchase 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.

employee stock purchase plan financial

"Restricted stock purchase under employee stock purchase plan."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Form 4 regulatory

"This updated ownership figure comes from the Form 4 and includes the additional 359 shares."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Class A Common Stock financial

"She acquired 359 shares of Class A Common Stock at $2.63 per share."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 Insider Transactions: What Each Field Means →

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^*

Callicotte Lisa

(Last) (First) (Middle)

7900 CALLAGHAN ROAD

(Street)

SAN ANTONIO TEXAS 78229

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
U S GLOBAL INVESTORS INC [ GROW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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

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

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

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
Class A Common Stock	04/30/2026	04/30/2026	J(1)		359	A	$2.63	37,926	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. Restricted stock purchase under employee stock purchase plan.

	Lisa Callicotte	05/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did U S Global Investors (GROW) report for CFO Lisa Callicotte?

CFO Lisa Callicotte reported acquiring 359 shares of Class A Common Stock. The shares were obtained through a restricted stock purchase under U S Global Investors’ employee stock purchase plan, reflecting a routine, compensation-related equity transaction rather than an open-market trade.

How many U S Global Investors (GROW) shares did the CFO acquire and at what price?

Lisa Callicotte acquired 359 shares of U S Global Investors Class A Common Stock at a price of $2.63 per share. The transaction was recorded as an “other” type and occurred under the company’s employee stock purchase plan, according to the Form 4 filing.

What are Lisa Callicotte’s total U S Global Investors (GROW) holdings after this Form 4 transaction?

After the reported transaction, CFO Lisa Callicotte directly holds 37,926 shares of U S Global Investors Class A Common Stock. This updated ownership figure comes from the Form 4 and includes the additional 359 shares acquired through the employee stock purchase plan.

What does the footnote about a restricted stock purchase under an employee stock purchase plan mean for GROW?

The footnote indicates the 359 shares were obtained via a restricted stock purchase under an employee stock purchase plan. This typically reflects a structured, compensation-related acquisition rather than discretionary buying or selling in the open market, making the transaction more routine in nature.

Is the U S Global Investors (GROW) CFO’s Form 4 transaction a buy or sell signal for investors?

The Form 4 shows a small, plan-based acquisition of 359 shares by the CFO, not an open-market buy or sale. Because it arises from an employee stock purchase plan, it is generally viewed as routine compensation rather than a directional trading signal.