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USBC, Inc. Director's Dealing 2025

Oct 9, 2025

33069_dirs_2025-10-09_82c4565e-471f-4b6f-8a0a-aedbd4fd20f9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: USBC, Inc. (USBC)
CIK: 0001074828
Period of Report: 2025-10-07

Reporting Person: Jenkinson Linda (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-10-07 Option to Purchase Common Stock $2.45 D 4760000 Disposed 2035-08-06 Common Stock (4760000) Direct
2025-10-07 Option to Purchase Common Stock $1.10 A 4760000 Acquired 2035-10-07 Common Stock (4760000) Direct
2025-10-07 Option to Purchase Common Stock $1.10 A 5240000 Acquired 2035-10-07 Common Stock (5240000) Direct

Footnotes

F1: The transactions reported involved the repricing of outstanding stock options to purchase 4,760,000 shares of common stock of USBC, Inc. (the "Company") pursuant to the Amended and Restated USBC, Inc. 2021 Equity Incentive Plan (the "Amended and Restated 2021 Plan"), initially granted on August 6, 2025 (the "Grant Date"). The option will vest as to 25% of the shares covered by the option on the one-year anniversary of the Grant Date and in quarterly installments thereafter over the next three years.

F2: On October 7, 2025, in accordance with the terms of the Amended and Restated 2021 Plan, the Board of Directors of the Company approved a repricing of outstanding stock options granted on August 6, 2025. The exercise price of each repriced option was reduced from $2.45 to $1.10 per share.

F3: On October 7, 2025, the Reporting Person was granted an option to purchase 5,240,000 shares of the Company's common stock pursuant to the Amended and Restated 2021 Plan. The option will vest as to 25% of the shares covered by the option on the one-year anniversary of the Grant Date and in quarterly installments thereafter over the next three years.