Insider Trading January 28, 2026

Minor Insider Sale: National Services Disposes of 10,424 Usio Shares

Ten-percent shareholder trims position across two days as Usio reports steady revenue and strategic expansion in payments and fintech

By Derek Hwang USIO
Minor Insider Sale: National Services Disposes of 10,424 Usio Shares
USIO

National Services, Inc., a holder of roughly 10% of Usio, Inc. (NASDAQ: USIO), sold a total of 10,424 common shares on January 26-27, 2026, for about $14,103. The transactions left the shareholder with 2,749,616 shares after the second sale. Usio has reported steady third-quarter 2025 revenue, a decline in adjusted EBITDA, an increased cash balance, and has moved to broaden its fintech offerings by acquiring PostCredit in an all-stock deal.

Key Points

  • National Services, Inc. sold a total of 10,424 Usio shares on January 26-27, 2026, receiving approximately $14,103.
  • After the two transactions, National Services held 2,749,616 shares; the Form 4 was signed by Jeffrey R. Dohoda on January 28, 2026.
  • Usio reported steady Q3 2025 revenue, a decline in adjusted EBITDA, a larger cash balance, increased payment volume ($8.4 billion, +19%), 60.4 million transactions (+29%), and the all-stock acquisition of PostCredit to expand fintech services.

Insider transactions

National Services, Inc., which holds approximately 10% of Usio, Inc. (NASDAQ: USIO), executed a pair of small-scale stock sales late in January 2026 that together amounted to 10,424 shares and generated approximately $14,103 in proceeds.

On January 26, National Services sold 4,502 shares at $1.3476 per share. After that sale, the entity's reported holdings stood at 2,755,538 shares. The following day, January 27, it sold an additional 5,922 shares at $1.3571 per share. After the January 27 transaction, the shareholder's remaining position was reported as 2,749,616 shares.

The transactions were recorded on a Form 4 that was signed on January 28, 2026, by Jeffrey R. Dohoda, who acted as Attorney-in-Fact for National Services, Inc.


Company operating update

Separately, Usio disclosed its Q3 2025 results, which showed revenue roughly in line with the prior year. The company did report a decline in adjusted EBITDA, though it also noted an uptick in its cash balance alongside the rollout of new product initiatives.

Operational volumes for 2025 were highlighted in the company's update. Usio processed more than $8.4 billion in payment volume during the year, representing a 19% increase from the year before. The total number of payment transactions rose to 60.4 million, a 29% increase from 2024.

In a strategic transaction intended to broaden its fintech capabilities, Usio announced the acquisition of PostCredit, a Los Angeles-based company, in an all-stock deal. The acquisition is aimed at expanding Usio's services to include business banking and expense management. PostCredit's platform offers AI-powered receipt processing and transaction matching and primarily serves customers in the film and entertainment industry.


What this means

The sale by National Services represents a modest reduction in a significant holder's position. The company-level updates from Usio emphasize growth in payment volume and transaction counts, efforts to shore up liquidity, and a strategic acquisition intended to extend product capabilities in fintech and business banking.

Risks

  • Decline in adjusted EBITDA noted by Usio suggests profitability pressures that could impact investor returns and financial stability - relevant to equity investors and credit markets.
  • Integration risk associated with the PostCredit acquisition could affect operational execution and the expected expansion into business banking and expense management - relevant to Usio's fintech and payments operations.
  • Insider selling, even at a small scale, can introduce perception risk among market participants regarding insider confidence, which may influence short-term share-price dynamics in the fintech and payments sector.

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