US BANCORP \DE\ — Director's Dealing 2021

May 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2021-05-06

Reporting Person: Runkel Mark G. (Senior EVP & Chief Credit Off)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-06	Common Stock, $0.01 par value	M	20065.0000	$39.4900	Acquired	56637.0000	Direct
2021-05-06	Common Stock, $0.01 par value	M	15309.0000	$44.3200	Acquired	71946.0000	Direct
2021-05-06	Common Stock, $0.01 par value	S	35374.0000	$60.7600	Disposed	36572.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-06	Employee Stock Option (Right to Buy)	$39.4900	M	20065.0000	Disposed	2026-02-18	Common Stock, $0.01 par value (20065.0000)	Direct
2021-05-06	Employee Stock Option (Right to Buy)	$44.3200	M	15309.0000	Disposed	2025-02-19	Common Stock, $0.01 par value (15309.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	373.0000	Indirect
Common Stock, $0.01 par value	2846.0000	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $60.73 to $60.78. 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.

F2: Based on a plan report dated April 30, 2021, the most recent plan report available.

F3: The option vested in four equal annual installments beginning on February 18, 2017.

F4: The option vested in four equal annual installments beginning on February 19, 2016.