US BANCORP \DE\ — Director's Dealing 2022

Nov 10, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2022-11-08

Reporting Person: Welsh Timothy A (Vice Chair)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-08	Common Stock, $0.01 par value	S	19000.0000	$43.9150	Disposed	92623.0000	Direct
2022-11-08	Common Stock, $0.01 par value	I	3803.0000	$44.1700	Acquired	3803.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-08	Deferred Compensation Plan Participation	$	I	19356.0000	Acquired		Common Stock, $0.01 par value (19356.0000)	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $43.49 to $44.19. 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: The reporting person transferred funds from existing investment options to the company stock fund under the 401(k) plan which is an exempt transaction under SEC Rule 16b-3(f).

F3: Payable in shares of U.S. Bancorp common stock following the termination of the reporting person's employment under the terms of the Deferred Compensation Plan.

F4: The reporting person elected to transfer plan account balance amounts from existing investment options to the company stock investment option under the Deferred Compensation Plan which is an exempt transaction under SEC Rule 16b-3(f).