Benjamin Mackovak - Mar 1, 2022 Form 4 Insider Report for UNITED SECURITY BANCSHARES (UBFO)

Role
Director
Signature
/s/ Benjamin Mackovak
Stock symbol
UBFO
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/3/2022, 05:42 PM
Previous filing
Dec 17, 2021
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBFO Common Stock Options Exercise +763 +41.97% 2.58K Mar 1, 2022 Direct F1
transaction UBFO Common Stock Other 0 0% 932K Mar 1, 2022 By: Strategic Value Investors LP F5

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 +763 +5.09% 15.8K Mar 1, 2022 Common Stock 763 $0.00 Direct F2
transaction UBFO Restricted Stock Units Options Exercise -763 -4.84% 15K Mar 1, 2022 Common Stock 763 $8.31 Direct F2, F3, F4
* 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 March 1, 2022.
F2 Represents a grant of restricted stock units on March 1, 2022, 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.
F3 Represents the complete vesting of all restricted stock units granted on March 1, 2022.
F4 Represents common stock closing price on March 1, 2022.
F5 Shares owned directly by Strategic Value Investors LP. Mr. Mackovak, solely by virtue of his position as a managing member of Strategic Value Bank Partners LLC, which serves as the general partner of Strategic Value Investors LP, may be deemed to beneficially own the shares owned directly by Strategic Value Investors LP for purposes of Section 16. Mr. Mackovak expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. For disclosure purposes only.