Andrew Cecere - 20 Oct 2025 Form 4 Insider Report for US BANCORP \DE\ (USB)

Reporting relationship: Director, Executive Chairman
Issuer ticker: USB
Reported as of: 20 Oct 2025
Net transaction value: -$962,750
SEC form: 4
Accepted by SEC: 21 Oct 2025, 16:31:09 UTC
Prior SEC filing: 10 Jun 2025
Next SEC filing: 12 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ James L. Chosy by power of attorney for Andrew Cecere

Key filing fact

Andrew Cecere filed Form 4 for US BANCORP \DE\ (USB) on 21 Oct 2025.

Key facts

This page summarizes Andrew Cecere's Form 4 filing for US BANCORP \DE\ (USB).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 21 Oct 2025, 16:31.

Change

Previous filing in this sequence was filed on 10 Jun 2025.
Current net transaction value: -$962,750.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001185476 Primary reporting owner

CECERE ANDREW

Relationship: Director, Executive Chairman
Address: 800 NICOLLET MALL, MINNEAPOLIS
Signature: /s/ James L. Chosy by power of attorney for Andrew Cecere
Signature date: 21 Oct 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

USB transaction

Common Stock, $0.01 par value

Options Exercise

Transaction value: $5,546,173
Shares: +140,445
Change %: +10%
Price: $39.49
Shares after: 1,500,859
Date: 20 Oct 2025
Ownership: Direct

USB transaction

Common Stock, $0.01 par value

Sale

Transaction value: $6,508,924
Shares: -140,445
Change %: -9.4%
Price: $46.34
Shares after: 1,360,414
Date: 20 Oct 2025
Ownership: Direct
Footnotes: F1

USB holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 14,846
Date: 20 Oct 2025
Ownership: By 401(k) plan
Footnotes: F2

USB holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 341
Date: 20 Oct 2025
Ownership: By Trust

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

USB transaction Derivative

Employee Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -140,445
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 20 Oct 2025
Ownership: Direct
Underlying class: Common Stock, $0.01 par value
Underlying amount: 140,445
Exercise price: $39.49
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The price in Column 4 is a weighted average price. The prices actually received ranged from $46.33 to $46.36. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

Footnote F2

Based on a plan report dated September 30, 2025, the most recent plan report available.

Footnote F3

The options vested in four equal installments beginning on February 18, 2017.