US BANCORP \DE\ — Director's Dealing 2023

Aug 11, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2023-08-10

Reporting Person: Welsh Timothy A (Vice Chair)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-10	Common Stock, $0.01 par value	S	13816.0000	$39.7930	Disposed	119058.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-10	Deferred Compensation Plan Participation	$	I	2499.0000	Acquired		Common Stock, $0.01 par value (2499.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	3950.0000	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $39.79 to $39.805. 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 July 31, 2023, the most recent plan report available.

F3: Payable in shares of US. 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).

F5: Includes amounts acquired pursuant to dividend reinvestment.