National Services, Inc., identified as owning a ten percent stake in payments company Usio, Inc. (NASDAQ: USIO), recorded two share disposals on March 9 and March 10, 2026, according to a Form 4/A filed with the Securities and Exchange Commission.
The combined sale amounted to 18,860 shares of common stock for total proceeds of $24,343. Executed prices ranged from $1.2742 to $1.3094 per share. On March 9, National Services sold 8,860 shares at $1.3094 per share. The following day, the company sold 10,000 shares at $1.2742 per share.
After these transactions, National Services directly holds 2,721,272 shares of Usio common stock. The filing includes an accounting detail noting that the Amount of Securities Beneficially Owned Following Reported Transaction includes 7,420 shares held by the sole shareholder of the Reporting Person.
The Form 4/A was filed solely to indicate that the Reporting Person is no longer subject to Section 16. The filing specifies that no other changes were made to the original Form 4 that was filed on March 11, 2026.
Usio shares are trading around $1.21, a price that represents an 8.3% decline over the past week and sits close to the stock's 52-week low of $1.21, as reported in the filing and market data cited in the disclosure. The modest size of the transactions - $24,343 in aggregate - is recorded against the backdrop of the company’s recent operational results.
In a shareholder letter released by the company, Usio reported a notable increase in its annual payment volume for 2025. The firm processed over $8.4 billion, a 19% increase from the $7.1 billion processed in 2024. Total payment transactions exceeded 60.4 million for the year, up 29% from the prior year's 47 million transactions. Usio’s ACH division set all-time quarterly records and was identified as a material contributor to the company’s operational growth.
Those operational metrics were presented by the company as indicative of its growth trajectory across business segments. The regulatory filing and shareholder letter together provide a snapshot of insider activity and underlying business performance without further commentary on motivations behind the insider sales or on the change in Section 16 status.
Source documents: Form 4/A filing with the SEC; shareholder letter released by Usio, Inc.