US BANCORP \DE\ — Director's Dealing 2025

Feb 5, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US BANCORP \DE\ (USB)
CIK: 0000036104
Period of Report: 2025-02-03

Reporting Person: DOLAN TERRANCE R (Vice Chair)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-03	Common Stock, $0.01 par value	M	37455.0000	$39.4900	Acquired	246937.0000	Direct
2025-02-03	Common Stock, $0.01 par value	M	26531.0000	$44.3200	Acquired	273468.0000	Direct
2025-02-03	Common Stock, $0.01 par value	M	2331.0000	$41.8800	Acquired	275799.0000	Direct
2025-02-03	Common Stock, $0.01 par value	S	66317.0000	$46.9580	Disposed	209482.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-03	Employee Stock Option (Right to Buy)	$39.4900	M	37455.0000	Disposed	2026-02-18	Common Stock, $0.01 par value (37455.0000)	Direct
2025-02-03	Employee Stock Option (Right to Buy)	$44.3200	M	26531.0000	Disposed	2025-02-19	Common Stock, $0.01 par value (26531.0000)	Direct
2025-02-03	Employee Stock Option (Right to Buy)	$41.8800	M	2331.0000	Disposed	2026-07-18	Common Stock, $0.01 par value (2331.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	8063.0000	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $46.94 to $46.995. 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 February 3, 2025, the most recent plan report available.

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

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