Sec Form 13G Filing - Gator Capital Management LLC @ U.S. Global Investors, Inc.

Insider filing report for Changes in Beneficial Ownership

Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.

"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)*

U.S. GLOBAL INVESTORS, INC.

(Name of Issuer)

CLASS A

(Title of Class of Securities)

902952100

(CUSIP Number)

06/02/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No.

902952100

Names of Reporting Persons

Gator Capital Management, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,100,767.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,100,767.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.65 %

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP No.

902952100

Names of Reporting Persons

Derek Pilecki

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,100,767.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,100,767.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.65 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

902952100

Names of Reporting Persons

Gator Financial Partners, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 918,175.00

Aggregate Amount Beneficially Owned by Each Reporting Person

918,175.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

8.88 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

902952100

Names of Reporting Persons

ECA Fund, LP

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 74,922.00

Aggregate Amount Beneficially Owned by Each Reporting Person

74,922.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.72 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

902952100

Names of Reporting Persons

Gator Qualified Partners, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 101,670.00

Aggregate Amount Beneficially Owned by Each Reporting Person

101,670.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.98 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

U.S. GLOBAL INVESTORS, INC.

(b)

Address of issuer's principal executive offices:

7900 Callaghan Road, San Antonio, TEXAS 78299

Item 2.

(a)

Name of person filing:

Gator Capital Management, LLC Derek Pilecki Gator Financial Partners, LLC ECA Fund, LP Gator Qualified Partners, LLC

(b)

Address or principal business office or, if none, residence:

2502 N. Rocky Point Dr. Ste 665 Tampa, FL 33607

(c)

Citizenship:

Gator Capital Management, LLC is a Delaware limited liability company Derek Pilecki is a United States citizen Gator Financial Partners, LLC is a Delaware limited liability company ECA Fund, LP a Texas Limited Partnership Gator Qualified Partners, LLC is a Delaware limited liability company

(d)

Title of class of securities:

CLASS A

(e)

CUSIP No.:

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

Gator Capital Management, LLC 1,100,767 Derek Pilecki 1,100,767 Gator Financial Partners, LLC 918,175 ECA Fund, LP 74,922 Gator Qualified Partners, LLC 101,670

(b)

Percent of class:

Gator Capital Management, LLC 10.65% Derek Pileck 10.65% Gator Financial Partners, LLC 8.88% ECA Fund, LP 0.72% Gator Qualified Partners, LLC 0.98 %

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

N/A Class A Shares are non-voting

(ii) Shared power to vote or to direct the vote:

N/A Class A Shares are non-voting

(iii) Sole power to dispose or to direct the disposition of:

N/A N/A N/A

(iv) Shared power to dispose or to direct the disposition of:

Gator Capital Management, LLC 1,100,767 Derek Pilecki 1,100,767 Gator Financial Partners, LLC 918,175 ECA Fund, LP 74,922 Gator Qualified Partners, LLC 101,670

Item 5.

Ownership of 5 Percent or Less of a Class.

Ownership of 5 percent or less of a class

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Gator Capital Management, LLC

Signature:	Derek Pilecki
Name/Title:	Managing Member
Date:	06/02/2026

Derek Pilecki

Signature:	Derek Pilecki
Name/Title:	Individual
Date:	06/02/2026

Gator Financial Partners, LLC

Signature:	Derek Pilecki
Name/Title:	Managing Member
Date:	06/02/2026

ECA Fund, LP

Signature:	Derek Pilecki
Name/Title:	Derek Pilecki
Date:	06/02/2026

Gator Qualified Partners, LLC

Signature:	Derek Pilecki
Name/Title:	Managing Member
Date:	06/02/2026

Comments accompanying signature: After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this Statement is true, complete and correct. This Amendment No. 4 to Schedule 13G is being filed to terminate the reporting obligation of the Reporting Persons with respect to the Class A Common Stock (Non-Voting) of U.S. Global Investors, Inc. The Reporting Persons are terminating this Schedule 13G because the Class A shares beneficially owned by the Reporting Persons are non-voting securities and therefore do not constitute voting equity securities subject to Section 13(d) or 13(g) of the Securities Exchange Act of 1934. The Reporting Persons' beneficial ownership of Class A shares has not decreased below 5%; rather, the Reporting Persons have determined that Schedule 13G is inapplicable to non-voting securities. The Reporting Persons' beneficial ownership of Class A shares is being reported separately on Form 3 and Form 4 filed concurrently herewith pursuant to Section 16(a) of the Securities Exchange Act of 1934."

Exhibit Information

Joint Filing Agreement dated July 1, 2025, among Gator Financial Partners, LLC, Gator Qualified Partners, LLC, Gator Capital Management, LLC, and Derek Pilecki.

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Sec Form 13G Filing - Gator Capital Management LLC filing for - 2026-06-02