Usio (NASDAQ: USIO) director gains 2,000 shares from RSU vesting, returns 500 for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Usio, Inc. director Elizabeth Michelle Miller exercised restricted stock units and received additional common shares as part of her equity compensation. On March 16, 2026, 2,000 restricted stock units vested and converted into 2,000 shares of common stock at a reference price of $1.21 per share. Of these, 500 shares were returned to Usio at $1.21 to satisfy tax obligations. Following the transactions, she directly holds 64,194 shares of common stock and 35,000 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,000 shares exercised/converted
Mixed
3 txns
Insider
Miller Elizabeth Michelle
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,000 | $1.21 | $2K |
| Exercise | Common Stock | 2,000 | $1.21 | $2K |
| Tax Withholding | Common Stock | 500 | $1.21 | $605.00 |
Holdings After Transaction:
Restricted Stock Units — 35,000 shares (Direct);
Common Stock — 64,694 shares (Direct)
Footnotes (1)
- The reporting person received these shares of common stock due to the vesting and subsequent conversion of restricted stock units granted on March 16, 2023, and March 16, 2026. The reporting person returned 500 shares to the issuer at the closing price of 1.21 on March 16, 2026, to cover taxes due.
FAQ
What did Usio (USIO) director Elizabeth Michelle Miller report in this Form 4?
Elizabeth Michelle Miller reported the vesting and conversion of 2,000 restricted stock units into common stock. She then returned 500 of those shares to Usio at $1.21 per share to cover taxes due on March 16, 2026.
Was Elizabeth Michelle Miller buying or selling Usio (USIO) stock in the open market?
The filing does not show open-market buying or selling. Instead, Miller received 2,000 shares through the vesting and conversion of restricted stock units and returned 500 shares to Usio solely to cover tax obligations related to that vesting.
What triggered the vesting of Elizabeth Michelle Miller’s Usio (USIO) restricted stock units?
The vesting was tied to restricted stock units granted on March 16, 2023 and March 16, 2026. On March 16, 2026, 2,000 units vested and automatically converted into an equal number of Usio common shares for Miller.