Dennis R. Woods - Feb 28, 2023 Form 4 Insider Report for UNITED SECURITY BANCSHARES (UBFO)

Role
CEO, Director
Signature
/S/ DENNIS R WOODS
Stock symbol
UBFO
Transactions as of
Feb 28, 2023
Transactions value $
$0
Form type
4
Date filed
3/1/2023, 04:56 PM
Previous filing
Feb 17, 2023
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBFO COMMON STOCK Options Exercise +2K +0.23% 859K Feb 28, 2023 TRUSTEES F1, F4
transaction UBFO COMMON STOCK Other 0 0% 33.1K Feb 28, 2023 SPOUSE'S IRA F5
transaction UBFO COMMON STOCK Other 0 0% 230K Feb 28, 2023 Direct F6

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 +2K +100% 4K Feb 28, 2023 COMMON STOCK 2K $0.00 Direct F1
transaction UBFO RESTRICTED STOCK UNITS Options Exercise +2K 2K Feb 28, 2023 COMMON STOCK 2K $7.70 Direct F1, F2, F3
* 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 February 28, 2023 as a discretionary incentive award.
F2 Represents the complete vesting of all restricted stock units granted on February 28, 2023.
F3 Represents common stock closing price on February 28, 2023.
F4 Shares held in various trusts where Mr. Woods serves as the trustee with voting power over shares.
F5 Represents shares held in Mr. Woods Spouse's IRA. For disclosure purposes only.
F6 Represents shares held by Mr. Woods directly. For disclosure purposes only.