UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01. | Entry into a Material Definitive Agreement. |
Commencing on September 2, 2025, USCB Financial Holdings, Inc. (the “Company”) entered into stock repurchase agreements (the “Stock Repurchase Agreements”, and each, a “Stock Repurchase Agreement”) with certain institutional shareholders (collectively, the “Shareholders”), including Patriot Financial Partners II, L.P. and Patriot Financial Partners Parallel II, L.P. The Stock Repurchase Agreements provide for the purchase (the “Repurchase”) by the Company of an aggregate of 2 million shares of the Company’s Class A Voting Common Stock, $1.00 par value per share (the “Class A Common Stock”) from the Shareholders in privately negotiated transactions, for a purchase price of $17.19 per share. The purchase price for the Class A Common Stock reflects a 1% discount to the 10-day volume weighted average price on September 2, 2025. The Stock Repurchase Agreements contain customary representations and warranties, covenants, and closing conditions, and the transactions are expected to be completed on or about September 5, 2025. The disinterested members of the Company’s Board of Directors (the “Board”) approved the Repurchases.
The Repurchases are supplemental to the Company’s previously announced stock repurchase programs and do not impact the amount of permitted repurchases thereunder. As of June 30, 2025 the maximum number of shares that may yet be purchased under the Company’s Board-approved stock repurchase programs was 528,309 shares. For additional information about the Company, including its existing stock repurchase programs, please see the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.
A form of the Stock Repurchase Agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The foregoing description of the Stock Repurchase Agreements is a summary and is qualified in its entirety by reference to the full text of the form Stock Repurchase Agreement attached hereto.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit |
Description | |
| 10.1 | Form of Stock Repurchase Agreement, by and between USCB Financial Holdings, Inc. and the Shareholders | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XLRB document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| USCB FINANCIAL HOLDINGS, INC. | ||
| By: | /s/ Robert Anderson | |
| Name: | Robert Anderson | |
| Title: | Chief Financial Officer | |
Date: September 5, 2025