Insider trade

Director sold ~$6.51M of USB shares in the open market

Traded Oct 20, 2025 · Filed Oct 21, 2025

U.S. BancorpUSB

~$6.51M
Reported value · 140K sh @ $46.345: 1.36M
Holds after · shares reported: +21.8%
stock since the trade · S&P 500 +13.8%, $47.10 → $57.36 on Oct 1

Why it stands out

A board member of U.S. Bancorp sold $6.51M of U.S. Bancorp shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Oct 20, 2025
Reporting period: Not applicable
Filed with the SEC: Oct 21, 2025

Director$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$6,508,924

Shares × reported transaction price

Timing vs results

4 days after results of Oct 16, 2025, 92 days before results of Jan 20, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $47.10 on Oct 20, 2025, 29% above its 52-week low and 12% below its high, after a 3% drop over the previous 30 trading days

52-week range $36.40 (Apr 8, 2025) to $53.66 (Nov 26, 2024), 62% of the way up, from 250 adjusted closes. 30 trading days earlier: $48.65 on Sep 8, 2025. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	-1.5%	+2.9%	-4.4%
30 days	+0.9%	-1.3%	+2.3%
90 days	+14.9%	+1.5%	+13.4%
180 days	+20.4%	+6.1%	+14.3%

Past results only. Not a forecast.

Source receipt

Record ID: 0001225208-25-008684
Filed / recorded: Oct 21, 2025, 8:31 PM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: US BANCORP \DE\
Issuer CIK: 36104
Ticker: USB
Reporting person: Andrew Cecere
Relationship: Director, Other
Security: Common Stock, $0.01 par value
Table: Non-derivative (Table I)
Transaction date: Oct 20, 2025
Transaction code: S
Shares / units: 140,445
Price per share: $46.345
Acquired / disposed: Disposed (D)
Shares owned after: 1,360,414
Ownership form: Direct
Amendment: No

Footnotes from the filing

The price in Column 4 is a weighted average price. The prices actually received ranged from $46.33 to $46.36. 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.