Lowell Thomas Jewell - 06 Jan 2022 Form 4 Insider Report for Usio, Inc. (USIO)

Role
SVP, CFO
Signature
Lowell Thomas Jewell
Issuer symbol
USIO
Transactions as of
06 Jan 2022
Net transactions value
+$120,570
Form type
4
Filing time
07 Jan 2022, 16:07:47 UTC
Previous filing
22 Nov 2021
Next filing
21 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USIO Common Stock Options Exercise $168,400 +40,000 +7.5% $4.21 573,583 06 Jan 2022 Direct F1
transaction USIO Common Stock Disposed to Issuer $47,830 -11,361 -2% $4.21 562,222 06 Jan 2022 Direct F2

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 USIO Restricted Stock Units Options Exercise $0 +40,000 $0.000000 21,000 06 Jan 2022 Common Stock 40,000 $0.000000 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received these shares of common stock due to a conversion of restricted stock units granted to him on January 6, 2017 and vested on January 6, 2022 for services as the Issuer's CFO.
F2 The issuer repurchased the shares at the closing price on January 6, 2022 to cover payroll taxes due.