Robert C. Oberg - Oct 24, 2022 Form 4 Insider Report for UNITED SECURITY BANCSHARES (UBFO)

Role
SVP & CHIEF RISK OFFICER
Signature
/S/ ROBERT C OBERG
Stock symbol
UBFO
Transactions as of
Oct 24, 2022
Transactions value $
-$7,488
Form type
4
Date filed
10/25/2022, 05:58 PM
Previous filing
Sep 13, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBFO COMMON STOCK Options Exercise $0 +3.48K +16.57% $0.00 24.5K Oct 24, 2022 Direct F1
transaction UBFO COMMON STOCK Tax liability -$7.49K -1.09K -4.46% $6.87 23.4K Oct 24, 2022 Direct F2, F3

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 -3.48K -31.74% $0.00 7.47K Oct 24, 2022 COMMON STOCK 3.48K $6.87 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Result of partial vesting of restricted stock units (RSUs) granted on October 23, 2018 that vested on October 23, 2022. As October 23, 2022 fell on a weekend, the execution date of the vesting and subsequent issuance was the next business day, Monday October 24, 2022.
F2 Represents the market closing price on October 21, 2022.
F3 Reflects shares withheld for taxes.