Sec Form 4 Filing - Gator Capital Management, LLC @ U S GLOBAL INVESTORS INC - 2026-05-01

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Gator Capital Management, LLC 2. Issuer Name and Ticker or Trading Symbol U S GLOBAL INVESTORS INC [ GROW] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 2502 N. ROCKY POINT DR. SUITE 665 3. Date of Earliest Transaction (MM/DD/YY) 05/01/2026 (Street) TAMPA, FL33607 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock (Non-Voting) 05/01/2026 P 205 A $ 2.63 1,062,679 I Investment adviser with discretion over multiple client accounts (See Footnotes) ( 1 ) ( 3 ) ( 4 ) ( 5 ) Class A Common Stock (Non-Voting) 05/06/2026 P 259 A $ 2.61 1,062,938 I Investment adviser with discretion over multiple client accounts (See Footnotes) ( 1 ) ( 3 ) ( 4 ) ( 5 ) Class A Common Stock (Non-Voting) 05/07/2026 P 2,976 A $ 2.62 1,065,914 I Investment adviser with discretion over multiple client accounts (See Footnotes) ( 1 ) ( 3 ) ( 4 ) ( 5 ) Class A Common Stock (Non-Voting) 05/08/2026 P 208 A $ 2.62 1,066,122 I Investment adviser with discretion over multiple client accounts (See Footnotes) ( 1 ) ( 3 ) ( 4 ) ( 5 ) Class A Common Stock (Non-Voting) 05/11/2026 P 5,354 A $ 2.6198 1,071,476 I Investment adviser with discretion over multiple client accounts (See Footnotes) ( 1 ) ( 3 ) ( 4 ) ( 5 ) Class A Common Stock (Non-Voting) 05/12/2026 P 404 A $ 2.55 1,071,880 I Investment adviser with discretion over multiple client accounts (See Footnotes) ( 1 ) ( 3 ) ( 4 ) ( 5 ) Class A Common Stock (Non-Voting) 05/13/2026 P 3,601 A $ 2.5531 1,075,481 I Investment adviser with discretion over multiple client accounts (See Footnotes) ( 1 ) ( 3 ) ( 4 ) ( 5 ) Class A Common Stock (Non-Voting) 05/21/2026 P 23,910 A $ 2.5482 1,099,391 I Investment adviser with discretion over multiple client accounts (See Footnotes) ( 1 ) ( 3 ) ( 4 ) ( 5 ) Class A Common Stock (Non-Voting) 05/28/2026 P 1,376 A $ 2.6 1,100,767 I Investment adviser with discretion over multiple client accounts (See Footnotes) ( 2 ) ( 3 ) ( 4 ) ( 5 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Gator Capital Management, LLC 2502 N. ROCKY POINT DR. SUITE 665 TAMPA, FL33607 X Signatures /s/ Gator Capital Management, LLC 06/02/2026 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Shares purchased in Gator Qualified Partners, LLC, an account over which Gator Capital Management, LLC exercises investment discretion. ( 2 )Shares purchased in Gator Financial Partners, LLC, an account over which Gator Capital Management, LLC exercises investment discretion. ( 3 )As of the date of this report, the Reporting Person’s aggregate beneficial ownership of 1,100,767 shares is held across the following accounts: Gator Financial Partners, LLC (918,175 shares); Gator Qualified Partners, LLC (101,670 shares); ECA Fund, LP (74,922 shares); Managed Account (6,000 shares). Gator Capital Management, LLC disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein. ( 4 )The price reported is a weighted average price. The reporting person will provide full information regarding the number of shares purchased at each separate price upon request to the SEC staff or the issuer. ( 5 )This Form 4 is being filed late.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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