Kitty B. Payne, a former executive at USBC, Inc., has disclosed significant stock option transactions in a recent filing. This update is crucial as it marks a transition in her role within the company, potentially impacting its future direction.
USBC, Inc., identified by the Central Index Key 0001074828, operates in the finance services sector. The company has undergone various name changes over the years, previously known as Know Labs, Inc. and Visualant, Inc. The most recent filing, dated October 5, 2026, is a Form 4, which details changes in Payne's stock options.
The filing indicates that on October 1, 2026, Payne exercised options to purchase a total of 2,814,500 shares of common stock. Of these, 1,342,500 unvested options were forfeited due to her transition from the company, leaving her with 447,500 options that became exercisable on August 6, 2026. Additionally, the Board of Directors approved the acceleration of the vesting of 490,000 options, which were originally set to vest on October 6, 2026, to September 1, 2026. This decision followed the forfeiture of 1,470,000 unvested options.
Payne's actions may have implications for the company and its stakeholders, including investors and employees. The forfeiture of unvested options suggests a significant change in her relationship with the company, which could affect employee morale and investor confidence.
The filing does not specify what happens next for Payne or USBC, Inc. However, it highlights ongoing changes within the company that may influence its future trajectory.