Company: USCB
Filing Date: 2025-05-02
Form Type: S-3
Source: 0001193125-25-111625
Chunk: 13

Company: USCB FINANCIAL HOLDINGS, INC.
Filing Date: 2025-05-02
Form: S-3
Chunk 13
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ization of the Bank in 2015
(the “2015 Recapitalization”), as adjusted from time to time as a result of changes in capitalization. Pursuant to the Side Letter Agreement, the Significant Investors have the power to designate a Board observer to attend meetings in a
nonvoting capacity in the event any applicable Board Representative is unable to attend such meetings or if the Significant Investor does not have a Board Representative on the Board on the date of any meeting.

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The Side Letter Agreement provides each Significant Investor with matching stock rights for
so long as each Significant Investor beneficially owns shares of Common Stock representing 50% or more of the common stock of the Bank purchased by the Significant Investor in the 2015 Recapitalization, as adjusted from time to time as a result of
changes in capitalization. The matching stock rights permit each Significant Investor to purchase new equity securities offered by the Company for the same price and on the same terms as such securities are proposed to be offered to others, subject
to specified exceptions, procedural requirements and compliance with applicable bank regulatory ownership requirements as further described in the Side Letter Agreement. The Side Letter Agreement also provides customary information rights to the
Significant Investors.

Voting Rights

The Class A Common Stock has voting rights, and Class B Common Stock does not have voting rights except in limited circumstances.
Holders of Class A Common Stock are entitled to one vote per share on all matters on which the holders are entitled to vote, except in the case of amendments to the Articles of Incorporation where such amendment relates solely to Class B
Common Stock or any other series of the Company’s preferred stock. The Company does not have any cumulative votes in the election of directors. Under the Bylaws, unless otherwise provided by law or the Articles of Incorporation, the holders of
a majority of shares issued, outstanding, and entitled to vote, present in person or by proxy, will constitute a quorum to transact business, including the election of directors, except that when a specified item of business is required to be voted
on by one or more designated classes or series of capital stock, a majority of the shares of each such class or series will constitute a quorum. Once a quorum is present, except as otherwise provided by law, the Articles of Incorporation, the Bylaws
or in respect of the election of directors, all matters to be voted on by the Company’s shareholders must be approved by a majority of shares constituting a quorum, and where a separate vote