ANDREW CECERE - 20 Oct 2025 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Director, Executive Chairman
Signature
/s/ James L. Chosy by power of attorney for Andrew Cecere
Issuer symbol
USB
Transactions as of
20 Oct 2025
Net transactions value
-$962,750
Form type
4
Filing time
21 Oct 2025, 16:31:09 UTC
Previous filing
10 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
CECERE ANDREW Director, Executive Chairman 800 NICOLLET MALL, MINNEAPOLIS /s/ James L. Chosy by power of attorney for Andrew Cecere 21 Oct 2025 0001185476

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USB Common Stock, $0.01 par value Options Exercise $5,546,173 +140,445 +10% $39.49 1,500,859 20 Oct 2025 Direct
transaction USB Common Stock, $0.01 par value Sale $6,508,924 -140,445 -9.4% $46.34 1,360,414 20 Oct 2025 Direct F1
holding USB Common Stock, $0.01 par value 14,846 20 Oct 2025 By 401(k) plan F2
holding USB Common Stock, $0.01 par value 341 20 Oct 2025 By Trust

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 USB Employee Stock Option (Right to Buy) Options Exercise $0 -140,445 -100% $0.000000 0 20 Oct 2025 Common Stock, $0.01 par value 140,445 $39.49 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price in Column 4 is a weighted average price. The prices actually received ranged from $46.33 to $46.36. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2 Based on a plan report dated September 30, 2025, the most recent plan report available.
F3 The options vested in four equal installments beginning on February 18, 2017.