U.S. Bancorp (USB) insider buying and selling
Every Table I transaction reported by directors and officers of S&P 500 companies on SEC Form 4 filings (2 business days to file): each row labeled with its official transaction code, nothing filtered out beforehand.
Open-market purchases (code P) are the rare signal, in green; sales (code S) are common and often pre-scheduled (10b5-1). Table II (derivatives) is not included: its prices are exercise prices, not market values. Guide: insider buying.
| Date | Ticker | Insider | Role | Shares | Price | Amount | % of stake | Type / filing |
|---|
Download these transactions as CSV No account, no sign-up. The data is public: it comes from SEC Form 4 filings.
U.S. Bancorp (USB) insider buying and selling: no purchases, 9 sales
73 Form 4 Table I transactions filed with the SEC by U.S. Bancorp insiders between 2025-10-21 and 2026-08-31 (15-month history): 0 open-market purchases and 9 sales, plus 64 transactions under other Form 4 codes, broken down one by one below. The largest open-market trade is a sale of $6.5M by Cecere Andrew on 2025-10-20.
U.S. Bancorp insider buying and selling over the last 12 months
Between Oct 21, 2025 and Oct 20, 2026, U.S. Bancorp insiders filed 7 sales worth $12.6M on the open market, and no purchases.
The biggest seller was Philipson Stephen L (Vice Chair): $2.3M in 1 sale, out of 7 different sellers.
The largest trade of the period was a sale of $2.3M on Jul 20, 2026, by Philipson Stephen L (Vice Chair). Form 4 on sec.gov (0001225208-26-006705).
None of the 7 sales carries the 10b5-1 plan flag on the Form 4 (sales scheduled months ahead).
The last three months show 2 sales, against 3 in the three before. The latest sale from Aug 28, 2026.
Against its sector (Financial Services, 70 companies with an insider page on this site), over the same dates the median is 10 sales and 0 purchases on the open market. U.S. Bancorp has more sales than 27 of the other 69, ranks 41 of 70 by net dollars sold, and 32 of the 70 have at least one purchase.
The 20 most important trades
With no open-market purchases, the table starts with USB's sales, largest first. The full history is in the tool above, already searched.
See all 73 USB trades in the full history →
| Trade date | Filed | Insider | Role | Amount | Code | Filing |
|---|---|---|---|---|---|---|
| 2025-10-20 | 2025-10-21 | Cecere Andrew | Director | $6.5M | S — Open-market saleForm 4 footnoteF1 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. | SEC |
| 2026-07-20 | 2026-07-22 | Philipson Stephen L | Vice Chair | $2.3M | S — Open-market sale2 Form 4 footnotesF1 The price in Column 4 is a weighted average price. The prices actually received ranged from $63.07 to $63.11. 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. F2 Includes amount acquired pursuant to dividend reinvestment. | SEC |
| 2026-04-21 | 2026-04-22 | Richard Jodi L | Vice Chair | $2.3M | S — Open-market saleForm 4 footnoteF1 The price in Column 4 is a weighted average price. The prices actually received ranged from $57.00 to $57.08. 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. | SEC |
| 2026-02-06 | 2026-02-09 | Runkel Mark G. | Vice Chair | $2.0M | S — Open-market saleForm 4 footnoteF1 The price in Column 4 is a weighted average price. The prices actually received ranged from $60.630 to $60.661. 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. | SEC |
| 2026-05-05 | 2026-05-06 | Dilip Venkatachari | SEVP & Chief Info & Tech Off | $1.9M | S — Open-market sale | SEC |
| 2026-08-28 | 2026-08-31 | Kedia Gunjan | President & CEO | $1.7M | S — Open-market saleForm 4 footnoteF1 The price in Column 4 is a weighted average price. The prices actually received ranged from $62.37 to $62.381. 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. | SEC |
| 2026-07-23 | 2026-07-24 | Chosy James L | Senior EVP and General Counsel | $1.5M | S — Open-market sale | SEC |
| 2025-10-20 | 2025-10-21 | Chosy James L | Senior EVP and General Counsel | $1.3M | S — Open-market saleForm 4 footnoteF1 The price in Column 4 is a weighted average price. The prices actually received ranged from $46.86 to $46.875. 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. | SEC |
| 2026-02-03 | 2026-02-04 | Barcelos Elcio R.T. | Senior EVP, Chief HR Officer | $1.0M | S — Open-market sale | SEC |
| 2025-10-20 | 2025-10-21 | Cecere Andrew | Director | $5.5M | M — Option exercise | SEC |
| 2026-03-02 | 2026-03-03 | Cecere Andrew | Director | $4.6M | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-03-02 | 2026-03-03 | Kedia Gunjan | President & CEO | $1.6M | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-08-28 | 2026-08-31 | Kedia Gunjan | President & CEO | $1.5M | M — Option exercise | SEC |
| 2026-07-23 | 2026-07-24 | Chosy James L | Senior EVP and General Counsel | $1.4M | M — Option exercise | SEC |
| 2026-03-02 | 2026-03-03 | Richard Jodi L | Vice Chair | $1.2M | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2025-10-20 | 2025-10-21 | Chosy James L | Senior EVP and General Counsel | $1.2M | M — Option exercise | SEC |
| 2026-03-02 | 2026-03-03 | Badran Souheil | SEVP, Chief Operations Officer | $978k | F — Tax withholding (shares surrendered for taxes)Form 4 footnoteF1 Includes amount acquired pursuant to dividend reinvestment. | SEC |
| 2026-03-02 | 2026-03-03 | Chosy James L | Senior EVP and General Counsel | $942k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-03-02 | 2026-03-03 | Barcelos Elcio R.T. | Senior EVP, Chief HR Officer | $865k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-02-06 | 2026-02-09 | Runkel Mark G. | Vice Chair | $844k | M — Option exercise | SEC |
The period balance: money in, money out
In the Form 4 filings submitted between Oct 21, 2025 and Aug 31, 2026 there is not one open-market purchase of U.S. Bancorp: 9 sales worth $20.4M and zero dollars bought.
Only codes P and S count, where an insider puts in or takes out their own money. A selling balance like U.S. Bancorp's is the norm in the S&P 500, where much of the pay comes as stock. It is not a recommendation to buy or sell: it is what was filed.
Every transaction, code by code
| Code | What it means | Trades | Reported amount |
|---|---|---|---|
| F | Tax withholding (shares surrendered for taxes) | 38 | $17.1M |
| A | Grant or award | 19 | $0 |
| S | Open-market sale | 9 | $20.4M |
| M | Option exercise | 5 | $10.4M |
| G | Gift | 2 | $0 |
| Total | Everything filed in the period | 73 | $47.9M |
21 of the 73 rows carry no usable amount on the Form 4: they count as trades and add $0. The code labels come from the SEC index.
Who has traded
Over the 15 months of history, 13 distinct people or entities have filed U.S. Bancorp transactions: none bought on the open market and 8 sold. Counted by CIK, the fixed number the SEC gives each filer, and not by name, which each filer types their own way.
Of the 8 who sold on the open market (9 sales in all), the three biggest sellers account for $11.6M of the $20.4M: 57% of the money in three people.
| Filer | Role | Transactions | Bought (count) | Sold (count) | Last filed |
|---|---|---|---|---|---|
| Cecere Andrew | Director | 6 | — | $6.5M (1) | 2026-03-03 |
| Chosy James L | Senior EVP and General Counsel | 11 | — | $2.7M (2) | 2026-07-24 |
| Philipson Stephen L | Vice Chair | 5 | — | $2.3M (1) | 2026-07-22 |
| Richard Jodi L | Vice Chair | 6 | — | $2.3M (1) | 2026-04-22 |
| Runkel Mark G. | Vice Chair | 7 | — | $2.0M (1) | 2026-03-09 |
| Dilip Venkatachari | SEVP & Chief Info & Tech Off | 5 | — | $1.9M (1) | 2026-05-06 |
| Kedia Gunjan | President & CEO | 7 | — | $1.7M (1) | 2026-08-31 |
| Barcelos Elcio R.T. | Senior EVP, Chief HR Officer | 6 | — | $1.0M (1) | 2026-03-09 |
Shown here are the 8 who moved the most money, out of 13. The rest are in the full history, one link above. The name links to all their trades, in any company. "Transactions" counts any code; the money, open market only. Role: from their latest filing.
Month by month
By the month the trade was executed, not the month it was filed; months with no trades show zero. The busiest month was Oct 2025: 0 purchases and 2 sales, worth $7.8M. 9 of the 15 months have none.
| Month | Purchases | Amount | Sales | Amount |
|---|---|---|---|---|
| Aug 2025 | 0 | $0 | 0 | $0 |
| Sep 2025 | 0 | $0 | 0 | $0 |
| Oct 2025 | 0 | $0 | 2 | $7.8M |
| Nov 2025 | 0 | $0 | 0 | $0 |
| Dec 2025 | 0 | $0 | 0 | $0 |
| Jan 2026 | 0 | $0 | 0 | $0 |
| Feb 2026 | 0 | $0 | 2 | $3.0M |
| Mar 2026 | 0 | $0 | 0 | $0 |
| Apr 2026 | 0 | $0 | 1 | $2.3M |
| May 2026 | 0 | $0 | 1 | $1.9M |
| Jun 2026 | 0 | $0 | 0 | $0 |
| Jul 2026 | 0 | $0 | 2 | $3.8M |
| Aug 2026 | 0 | $0 | 1 | $1.7M |
| Sep 2026 | 0 | $0 | 0 | $0 |
| Oct 2026 | 0 | $0 | 0 | $0 |
The last month may be partial: a Form 4 is filed up to two business days later. The table does not say whether the pattern is good or bad; it says when it happened.
U.S. Bancorp (USB) analysis page →
Other Financial Services companies with insider trades
All 500 are listed in the section index →
Which insiders are buying their own company stock →
How to read this data
None of the 9 sales in the table is flagged as scheduled (10b5-1 plan), the kind signed months ahead and executed automatically. U.S. Bancorp has no open-market purchase (code P) in the history, the most common case in the S&P 500: insiders are already paid in stock. The latest filing is from Aug 31, 2026, and a Form 4 arrives up to two business days after the trade.
7 of the 20 rows in the table carry footnotes from the Form 4 itself, folded into the code column and copied verbatim; a row with no footnote means the filing has none.
Guide: Insider buying · all guides
What is behind these trades
The concepts on this page, explained from scratch in the Academy. Free, no account.
- What the efficiency hypothesis says and what it does NOT sayIf an insider's purchase is public and anyone can read it, is there any information left in it? That is the exact question that brings people here.
- Who really moves the market: the types of investorWho sits on the other side of each order, and where a company's own insiders fit among them.
- Supply, demand and price: why it rises and falls constantlyHow a piece of news ends up inside the price, and why the reaction to a filed sale is rarely the one you would expect.
Source: SEC EDGAR Form 4. This is a list of public facts, not financial advice or a recommendation to buy or sell.