Topline Capital Management, LLC - Nov 9, 2022 Form 4 Insider Report for Usio, Inc. (USIO)

Role
Other*
Signature
Topline Capital Management, LLC, By: Collin McBirney, its Managing Member
Stock symbol
USIO
Transactions as of
Nov 9, 2022
Transactions value $
-$1,051,090
Form type
4
Date filed
11/14/2022, 05:34 PM
Previous filing
Oct 21, 2022
Next filing
Dec 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USIO Common Stock Sale -$237K -113K -3.83% $2.11 2.83M Nov 9, 2022 By Topline Capital Partners, LP F1, F2, F3
transaction USIO Common Stock Sale -$77.2K -40K -1.42% $1.93 2.79M Nov 10, 2022 By Topline Capital Partners, LP F1, F2, F3
transaction USIO Common Stock Sale -$737K -358K -12.84% $2.06 2.43M Nov 11, 2022 By Topline Capital Partners, LP F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting persons are (i) Topline Capital Management, LLC, an exempt reporting adviser (TCM), and (ii) Collin McBirney, TCMs managing member.
F2 Each reporting person may be deemed to beneficially own more than 10 percent of the issuers outstanding shares of common stock. Each reporting person disclaims beneficial ownership of the shares of common stock reported herein except to the extent of its or his pecuniary interest therein, and this report shall not be deemed to be an admission that any reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
F3 The shares of common stock reported in Table I on this Form 4 are beneficially owned by Topline Capital Partners, LP, a Delaware limited partnership (the Fund). As a greater than 10 percent beneficial owner, the Fund is separately reporting its holdings in the issuers securities on a Form 4 filed concurrently herewith. Each of TCM, as the investment manager and general partner of the Fund, and Mr. McBirney, as managing member of TCM, may be deemed to be the beneficial owner of the shares of common stock beneficially owned by the Fund.