Form 4 for USBC USBC, Inc.
Accepted 2025-08-08 00:00:00 ET · period of report 2025-08-06 · accession 0001161697-25-000225 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2025-08-08 | 2025-08-06 | USBC | ERICKSON RONALD P | Dir | J - Other | — | +2.00M | 2.00M | New | — |
| D | 2025-08-08 | 2025-08-06 | USBC | ERICKSON RONALD P | Dir | A - Grant | $0.00 | +335.0K | 472.2K | +244% | $0 |
| DI | 2025-08-08 | 2025-08-06 | USBC | ERICKSON RONALD P | Dir | J - Other | — | -16.9K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-08-06 | J | A | 2,000,000 | — | 2,000,000 | I | — | — | (F3) On the Grant Date, the Issuer redeemed 16,916 shares of Series H Convertible Preferred Stock held by J3E2A2Z (as defined below) for a combination of cash and common stock at a redemption price equal to the stated value of $70, plus all accrued and unpaid dividends in an amount of $140,210.15, resulting in (i) a cash payment to J3E2A2Z of $654,276.15 in the aggregate and (ii) the issuance to J3E2A2Z of 2,000,000 shares of common stock in the aggregate, at a conversion price of $0.335 per share. |
| 2 | Common | Common Stock | 2025-08-06 | A | A | 335,000 | $0.00 | 472,202 | D . | — | — | (F1) On August 6, 2025 (the "Grant Date"), the Reporting Person was awarded 335,000 shares of common stock of the Issuer, 50% of which is fully vested on the Grant Date and the remainder of which (the "restricted shares") will vest in 8 quarterly installments with the first two installments vesting six months after the Grant Date. The restricted shares vest in full in the event of a sale of all or substantially all of the Company's sensor related intellectual property or an involuntary termination of Mr. Erickson's employment. (F2) Includes unvested restricted shares. (F4) Held by J3E2A2Z Limited Partnership ("J3E2A2Z"), an entity affiliated with Ronald P. Erickson. |
| 3 | Derivative | Series H Convertible Preferred Stock | 2025-08-06 | J | D | 16,916 | — | 0 | I . | $0.34 · — to — | 16,916 Common Stock | (F3) On the Grant Date, the Issuer redeemed 16,916 shares of Series H Convertible Preferred Stock held by J3E2A2Z (as defined below) for a combination of cash and common stock at a redemption price equal to the stated value of $70, plus all accrued and unpaid dividends in an amount of $140,210.15, resulting in (i) a cash payment to J3E2A2Z of $654,276.15 in the aggregate and (ii) the issuance to J3E2A2Z of 2,000,000 shares of common stock in the aggregate, at a conversion price of $0.335 per share. (F4) Held by J3E2A2Z Limited Partnership ("J3E2A2Z"), an entity affiliated with Ronald P. Erickson. |