UNITED SECURITY BANCSHARES — Director's Dealing 2021

Dec 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED SECURITY BANCSHARES (UBFO)
CIK: 0001137547
Period of Report: 2021-12-01

Reporting Person: MACKOVAK BENJAMIN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-01	Common Stock	M	818	—	Acquired	1818	Direct
2021-12-01	Common Stock	J	0	—	Acquired	916289	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-01	Restricted Stock Units	$0	A	818	Acquired	2021-12-01	Common Stock (818)	Direct
2021-12-01	Restricted Stock Units	$7.75	M	818	Disposed	2021-12-01	Common Stock (818)	Direct

Footnotes

F1: Represents common stock issued pursuant to the vesting and settlement of 100% of the restricted stock units that were granted on December 1, 2021.

F2: Represents a grant of restricted stock units on December 1, 2021, 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.

F3: Represents the complete vesting of all restricted stock units granted on December 1, 2021.

F4: Represents common stock closing price on December 1, 2021.

F5: 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. For disclosure purposes only.