Dennis R. Woods - 29 Dec 2023 Form 4 Insider Report for UNITED SECURITY BANCSHARES (UBFO)

Role: CEO, Director
Signature: /s/ Dennis R Woods
Issuer symbol: UBFO
Transactions as of: 29 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 02 Jan 2024, 15:19:56 UTC
Previous filing: 05 Dec 2023
Next filing: 08 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UBFO	Common Stock	Options Exercise		+2,000	+0.23%		876,483	29 Dec 2023	TRUSTEE	F1, F2
transaction	UBFO	Common Stock	Other		0	0%		33,088	29 Dec 2023	Spouse's IRA	F3
transaction	UBFO	Common Stock	Other		0	0%		232,202	29 Dec 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	Options Exercise	$0	-2,000	-100%	$0.000000^*	0	29 Dec 2023	Common Stock	2,000	$8.41	Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents one-third vesting of restricted stock units (RSUs) granted February 23, 2021 that vested December 29, 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 the market closing price on December 29, 2023.