Insider Trading March 10, 2026

USCB Financial EVP Collazo Sells Shares After Exercising Options

Transactions and company results detailed in SEC filing show executive disposals alongside a Q4 2025 earnings shortfall

By Nina Shah USCB
USCB Financial EVP Collazo Sells Shares After Exercising Options
USCB

Andres Collazo, executive vice president for operations and IT at USCB Financial Holdings (NASDAQ: USCB), reported a series of transactions in early March 2026, including the exercise of options and the sale of Class A Voting Common Stock. The SEC Form 4 filing records option exercises on March 6 and subsequent share disposals on March 7 and March 8. The disclosure also notes Collazo's remaining direct holdings and outstanding options. Separately, USCB Financial reported fourth-quarter 2025 operational results that missed analyst expectations and amended the employment agreement for its CFO to expand certain severance protections.

Key Points

  • Insider transactions: Andres Collazo exercised 8,000 options at $7.50 per share on March 6, 2026, then sold 8,000 shares at $18.27 on March 7, 2026, and another 429 shares at $18.45 on March 8, 2026; all transactions appear in a Form 4 filing with the SEC.
  • Post-transactions ownership: Collazo directly holds 32,521 shares, which include restricted stock grants that vest over time, and he retains options to buy 30,000 shares of Class A Voting Stock.
  • Company performance and governance: USCB reported operational diluted EPS of $0.44 and revenue of $17.55 million for Q4 2025, both below analyst estimates; the company also amended the CFO's employment agreement to expand severance protections triggered under specific conditions more than twelve months after a change in control.

Andres Collazo, who serves as executive vice president for operations and information technology at USCB Financial Holdings (NASDAQ: USCB), reported a sequence of equity transactions to the Securities and Exchange Commission in early March 2026.

According to a Form 4 filing, Collazo exercised stock options on March 6, 2026, acquiring 8,000 shares of Class A Voting Common Stock at an exercise price of $7.50 per share, for a total exercise cost of $60,000. The following day, March 7, 2026, Collazo sold 8,000 shares of the same Class A Voting Common Stock at $18.27 per share, generating proceeds of $146,160.

The filing also records an additional disposal on March 8, 2026, when 429 shares were sold at $18.45 per share for aggregate proceeds of $7,915. The Form 4's footnotes indicate that Collazo's reported direct ownership of USCB Financial Holdings totals 32,521 shares; that total includes restricted stock grants subject to vesting schedules detailed in the filing's annotations. The disclosure further shows that Collazo retains options to purchase 30,000 shares of Class A Voting Stock.


These insider transactions were reported alongside company operating results for the fourth quarter of 2025. USCB Financial Holdings reported operational diluted earnings per share of $0.44 for the quarter, below the $0.50 that analysts had expected. Revenue for the period was reported at $17.55 million, materially under the consensus projection of $26.34 million.

Separately, the company amended the employment agreement for Robert Anderson, its executive vice president and chief financial officer. The amendment expands severance provisions and specifies that severance payments will be made if Anderson’s employment is terminated under specified conditions more than twelve months after a change in control of the company, according to the filing.

The SEC Form 4 provides the primary detail on Collazo's exercises and disposals, and the quarterly results and employment amendment were disclosed by the company in its reporting for the fourth quarter of 2025.

Risks

  • Lower-than-expected quarterly results - The reported operational EPS of $0.44 and revenue of $17.55 million for Q4 2025 missed analyst projections, a metric relevant to shareholders and market participants in the banking and specialty finance sectors.
  • Executive compensation and governance changes - The amendment expanding severance protections for the CFO could affect governance perceptions and potential future cash outflows tied to change-in-control scenarios.
  • Insider selling - The reported disposals by a senior executive may prompt investor scrutiny of insider activity and may influence market perception of the stock in the short term.

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