Key facts
- This page summarizes Benjamin Mackovak's Form 4 filing for UNITED SECURITY BANCSHARES (UBFO).
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 05 Jun 2023, 16:47.
Benjamin Mackovak - 01 Jun 2023 Form 4 Insider Report for UNITED SECURITY BANCSHARES (UBFO)
- Reporting relationship
- Director
- Issuer ticker
- UBFO
- Reported as of
- 01 Jun 2023
- Net transaction value
- -$6,527,437
- SEC form
- 4
- Accepted by SEC
- 05 Jun 2023, 16:47:13 UTC
- Prior SEC filing
- 02 Mar 2023
- Next SEC filing
- 13 Mar 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Benjamin Mackovak
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Benjamin Mackovak filed Form 4 for UNITED SECURITY BANCSHARES (UBFO) on 05 Jun 2023.
Change
- Previous filing in this sequence was filed on 02 Mar 2023.
- Current net transaction value: -$6,527,437.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
UBFO
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +569
- Change %
- +9.1%
- Price
- Shares after
- 6,814
- Date
- 01 Jun 2023
- Ownership
- Direct
- Footnotes
- F1
UBFO
transaction
Common Stock
Sale
- Transaction value
- $6,527,437
- Shares
- -932,491
- Change %
- -100%
- Price
- $7.00
- Shares after
- 0
- Date
- 01 Jun 2023
- Ownership
- By: Strategic Value Investors LP
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
UBFO
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- Shares
- +569
- Change %
- +3.8%
- Price
- Shares after
- 15,569
- Date
- 01 Jun 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 569
- Exercise price
- $0.000000
- Footnotes
- F3
UBFO
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -569
- Change %
- -3.7%
- Price
- Shares after
- 15,000
- Date
- 01 Jun 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 569
- Exercise price
- $6.22
- Footnotes
- F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Represents common stock issued pursuant to the vesting and settlement of 100% of the restricted stock units that were granted on June 1, 2023.
Footnote F2
Shares owned directly by Strategic Value Investors LP. Mr. Mackovak, solely by virtue of his position as a managing member of Strategic Value Bank Partners LLC, which serves as the general partner of Strategic Value Investors LP, may be deemed to beneficially own the shares owned directly by Strategic Value Investors LP for purposes of Section 16. Mr. Mackovak expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Mr. Mackovak was the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Footnote F3
Represents a grant of restricted stock units on June 1, 2023, 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.
Footnote F4
Represents common stock closing price on June 1, 2023.
Footnote F5
Represents the complete vesting of all restricted stock units granted on June 1, 2023.