US BANCORP \DE\ — Director's Dealing 2021

May 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2021-04-30

Reporting Person: DOLAN TERRANCE R (Vice Chair & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-30	Common Stock, $0.01 par value	M	24918.0000	$33.9900	Acquired	138374.0000	Direct
2021-04-30	Common Stock, $0.01 par value	S	19149.0000	$59.1100	Disposed	119225.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-30	Employee Stock Option (Right to Buy)	$33.9900	M	24918.0000	Disposed	2023-02-14	Common Stock, $0.01 par value (24918.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	6590.0000	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $59.10 to $59.15. 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: This option vested in four equal annual installments beginning on February 14, 2014.