Dennis R. Woods - Jun 1, 2023 Form 4 Insider Report for UNITED SECURITY BANCSHARES (UBFO)

Signature
/S/ DENNIS R WOODS
Stock symbol
UBFO
Transactions as of
Jun 1, 2023
Transactions value $
$0
Form type
4
Date filed
6/2/2023, 06:19 PM
Previous filing
May 2, 2023
Next filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBFO Common Stock Options Exercise +471 +0.05% 867K Jun 1, 2023 TRUSTEES F1, F2
transaction UBFO Common Stock Other 0 0% 33.1K Jun 1, 2023 SPOUSE'S IRA F3
transaction UBFO Common Stock Other 0 0% 230K Jun 1, 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UBFO Restricted Stock Units Award +471 +11.77% 4.47K Jun 1, 2023 Common Stock 471 Direct F5
transaction UBFO Restricted Stock Units Options Exercise -471 -10.53% 4K Jun 1, 2023 Common Stock 471 $6.22 Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common stock issued pursuant to the vesting and settlement of 100% of the restricted stock units that were granted on June 1, 2023.
F2 Shares held in various trusts where Mr. Woods serves as the trustee with voting power over shares.
F3 Represents shares held in Mr. Woods Spouse's IRA. For disclosure purposes only.
F4 Represents shares held by Mr. Woods directly. For disclosure purposes only.
F5 Represents a grant of restricted stock units on June 1, 2023, in consideration for service as a member of the Company's Board of Directors. 100% of the restricted stock units were vested on the grant date.
F6 Represents common stock closing price on June 1, 2023.
F7 Represents the complete vesting of all restricted stock units granted on June 1, 2023.