A Form 4 filed on October 26, 2026 with the U.S. Securities and Exchange Commission disclosed that Derek Steven Pilecki, acting as an investment adviser through Gator Capital Management, LLC, purchased 4,532 shares of U S Global Investors Inc (NASDAQ:GROW) Class A Common Stock on October 23, 2026.

Key Highlights

  • Reporting person: Derek Steven Pilecki, identified as a control person and investment adviser with discretion over multiple client accounts.
  • Transaction: Purchase (Code P) of 4,532 shares of Class A Common Stock (Non-Voting) on October 23, 2026.
  • Price: Weighted average price of $2.5799 per share, according to the filing.
  • Post-transaction holdings: Aggregate beneficial ownership of 1,129,011 shares following the reported transaction, held indirectly.
  • Account breakdown: Shares are distributed across Gator Financial Partners, LLC (937,228 shares), Gator Qualified Partners, LLC (109,418 shares), ECA Fund, LP (76,365 shares), and a Managed Account (6,000 shares).
  • Purchase account: The 4,532 shares were purchased specifically in Gator Qualified Partners, LLC, an account over which Gator Capital Management, LLC exercises investment discretion.

Pilecki's October 2026 Purchase in U S Global Investors Class A Shares

According to the filing, Derek Steven Pilecki submitted a statement of changes in beneficial ownership reporting a purchase of 4,532 shares of U S Global Investors Inc Class A Common Stock (Non-Voting) at a weighted average price of $2.5799 per share. The transaction took place on October 23, 2026, with the Form 4 signed and filed on October 26, 2026. U S Global Investors Inc, listed on NASDAQ under the ticker GROW, is the issuer named in this disclosure.

The filing indicates that Pilecki's relationship to the issuer is designated as "Control Person," with the shares held indirectly through Gator Capital Management, LLC in its capacity as investment adviser with discretion over multiple client accounts. The filing notes that the price reported is a weighted average, and that full information regarding shares purchased at each separate price is available upon request to the SEC staff or the issuer. Gator Capital Management, LLC, according to the filing, "disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein."

As disclosed in the footnotes, the aggregate post-transaction beneficial ownership of 1,129,011 shares is spread across four accounts: Gator Financial Partners, LLC holding 937,228 shares; Gator Qualified Partners, LLC holding 109,418 shares; ECA Fund, LP holding 76,365 shares; and a Managed Account holding 6,000 shares. The specific purchase of 4,532 shares was executed within the Gator Qualified Partners, LLC account.

What Was Disclosed

This Form 4 filing reported a single purchase transaction by Derek Steven Pilecki in Class A Common Stock (Non-Voting) of U S Global Investors Inc, with post-transaction aggregate indirect beneficial ownership of 1,129,011 shares distributed across four named accounts managed by Gator Capital Management, LLC.