Dennis R. Woods - Sep 1, 2022 Form 4 Insider Report for UNITED SECURITY BANCSHARES (UBFO)

Role
CEO, Director
Signature
/S/ DENNIS R WOODS
Stock symbol
UBFO
Transactions as of
Sep 1, 2022
Transactions value $
$0
Form type
4
Date filed
9/6/2022, 02:16 PM
Previous filing
Jun 3, 2022
Next filing
Sep 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBFO COMMON STOCK Options Exercise +409 +0.05% 847K Sep 1, 2022 TRUSTEES F1, F5
transaction UBFO COMMON STOCK Other 0 0% 33.1K Sep 1, 2022 SPOUSE'S IRA F6
transaction UBFO COMMON STOCK Other 0 0% 230K Sep 1, 2022 Direct F7

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 +409 +10.23% 4.41K Sep 1, 2022 COMMON STOCK 409 $0.00 Direct F2
transaction UBFO RESTRICTED STOCK UNITS Options Exercise -409 -9.28% 4K Sep 1, 2022 COMMON STOCK 409 $7.16 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 September 1, 2022.
F2 Represents a grant of restricted stock units on September 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 September 1, 2022.
F4 Represents common stock closing price on September 1, 2022.
F5 Shares held in various trusts where Mr. Woods serves as the trustee with voting power over shares.
F6 Represents shares held in Mr. Woods Spouse's IRA. For disclosure purposes only.
F7 Represents shares held by Mr. Woods directly. For disclosure purposes only.