Insider Trading January 26, 2026

National Services Disposes of 16,445 Usio Shares for $22,274

Ten percent holder reduces position across two trades; Usio posts growth in payment volume yet faces margin pressure

By Nina Shah USIO
National Services Disposes of 16,445 Usio Shares for $22,274
USIO

National Services, Inc., a roughly 10% holder of Usio, Inc., sold 16,445 shares of Usio common stock in two transactions on January 22 and January 23, 2026, for a combined $22,274. The filings leave National Services with 2,760,040 shares directly held. Separately, Usio reported higher payment volumes and transactions in 2025, completed an all-stock acquisition of PostCredit assets to augment business banking features, and showed steady revenue but weaker adjusted EBITDA in its Q3 2025 results.

Key Points

  • National Services sold 16,445 shares of Usio stock across two trades on January 22 and 23, 2026, for total proceeds of $22,274.
  • Following the sales, National Services directly owns 2,760,040 shares; the post-transaction beneficial ownership figure includes 7,420 shares held by the sole shareholder of the reporting person.
  • Usio posted a 19% increase in payment volume for 2025 to over $8.4 billion and a 29% rise in total payment transactions to 60.4 million, completed an all-stock acquisition of substantially all PostCredit assets, and reported steady revenue but a decline in adjusted EBITDA in Q3 2025.

National Services, Inc. - a reporting person that holds roughly ten percent of Usio, Inc. (NASDAQ: USIO) - recorded the sale of 16,445 shares of Usio common stock across two dispositions executed on January 22 and January 23, 2026, according to a Form 4 filing with the Securities and Exchange Commission.

On January 22, National Services sold 7,484 shares at $1.3684 per share. The next day the company sold an additional 8,961 shares at $1.3429 per share. The two transactions generated aggregate proceeds of $22,274. After accounting for these sales, National Services directly holds 2,760,040 shares of Usio common stock. The filing notes that the amount of securities beneficially owned following the reported transaction includes 7,420 shares held by the sole shareholder of the reporting person.

These Form 4 disclosures detail a modest reduction in the stake by a large shareholder. The filings do not identify any further intentions or provide commentary on the rationale for the sales.


In related company disclosures, Usio reported a 19% increase in payment volume for the full year 2025, processing over $8.4 billion compared with $7.1 billion in 2024. The company also disclosed a 29% rise in total payment transactions, which reached 60.4 million.

Usio completed an all-stock acquisition in which it acquired substantially all assets of PostCredit. Management described the deal as intended to bolster the companys business banking capabilities by adding expense management and business banking solutions developed by PostCredit. Those capabilities include AI-powered receipt processing and transaction matching, according to the disclosures.

From an operational and financial results perspective, Usios Q3 2025 report showed steady revenue on a year-over-year basis but a decline in adjusted EBITDA. The company also reported an increase in cash balance and announced new product initiatives. The results indicate that while Usio is growing payment flows and broadening its product set, it is still navigating challenges in returning to sustained profitability.

Taken together, the insider selling by National Services and Usios own operating updates form part of the factual record on the companys recent shareholder composition changes and business developments. The filings and company reports do not link the insider transactions to the operational metrics or to the acquisition beyond the timing disclosed in regulatory filings.

Risks

  • Insider sales may be viewed by some investors as a reduction in conviction by a large shareholder; this could affect market perception of the stock - impacts equity markets and investor sentiment in the fintech sector.
  • Despite growth in payment volume and transactions, the decline in adjusted EBITDA highlights profitability pressure, creating uncertainty about the timing and path to sustainable earnings - impacts the companys financial performance and valuation in the payments and fintech sectors.
  • Integration risk exists for the PostCredit asset acquisition as Usio incorporates expense management and business banking solutions, including AI-powered features, which could affect near-term operating performance - impacts product execution and operational efficiency in the business banking and payments market.

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