# EDGAR Filing Document

**Accession Number:** 0002137707
**File Stem:** 0001062993-26-002996
**Filing Date:** 2026-6
**Character Count:** 8307
**Document Hash:** bfcad888766e0fb0d08c80a7e7ebbf8e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-26-002996.hdr.sgml**: 20260602

**ACCESSION NUMBER**: 0001062993-26-002996

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260501

**FILED AS OF DATE**: 20260602

**DATE AS OF CHANGE**: 20260602

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Pilecki Derek Steven
- **CENTRAL INDEX KEY:** 0002137707

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-13928
- **FILM NUMBER:** 261056786

**MAIL ADDRESS:**
- **STREET 1:** 2502 N. ROCKY POINT DR.
- **STREET 2:** SUITE 665
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33607
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** U S GLOBAL INVESTORS INC
- **CENTRAL INDEX KEY:** 0000754811
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 741598370
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 0630

**BUSINESS ADDRESS:**
- **STREET 1:** 7900 CALLAGHAN RD
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78229
- **BUSINESS PHONE:** 2103081234

**MAIL ADDRESS:**
- **STREET 1:** 7900 CALLAGHAN ROAD
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78229

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNITED SERVICES ADVISORS INC /TX/
- **DATE OF NAME CHANGE:** 19950321

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Pilecki Derek Steven<br><sub>(Last) (First) (Middle)</sub><br>2502 N. ROCKY POINT DR.<br>SUITE 665<br><sub>(Street)</sub><br>TAMPA, FL 33607<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-05-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[ ] Officer (give title below) [X] Other (specify below)<br>_Control Person_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>U S GLOBAL INVESTORS INC [ GROW ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock (Non-Voting) | 2026-05-01 |  | P |  | 205 | A | $2.63 | 1062679 | I | Investment adviser with discretion over multiple client accounts (See Footnotes)<sup>(1)(3)(4)(5)</sup> |
| Class A Common Stock (Non-Voting) | 2026-05-06 |  | P |  | 259 | A | $2.61 | 1062938 | I | Investment adviser with discretion over multiple client accounts (See Footnotes)<sup>(1)(3)(4)(5)</sup> |
| Class A Common Stock (Non-Voting) | 2026-05-07 |  | P |  | 2976 | A | $2.62 | 1065914 | I | Investment adviser with discretion over multiple client accounts (See Footnotes)<sup>(1)(3)(4)(5)</sup> |
| Class A Common Stock (Non-Voting) | 2026-05-08 |  | P |  | 208 | A | $2.62 | 1066122 | I | Investment adviser with discretion over multiple client accounts (See Footnotes)<sup>(1)(3)(4)(5)</sup> |
| Class A Common Stock (Non-Voting) | 2026-05-11 |  | P |  | 5354 | A | $2.6198 | 1071476 | I | Investment adviser with discretion over multiple client accounts (See Footnotes)<sup>(1)(3)(4)(5)</sup> |
| Class A Common Stock (Non-Voting) | 2026-05-12 |  | P |  | 404 | A | $2.55 | 1071880 | I | Investment adviser with discretion over multiple client accounts (See Footnotes)<sup>(1)(3)(4)(5)</sup> |
| Class A Common Stock (Non-Voting) | 2026-05-13 |  | P |  | 3601 | A | $2.5531 | 1075481 | I | Investment adviser with discretion over multiple client accounts (See Footnotes)<sup>(1)(3)(4)(5)</sup> |
| Class A Common Stock (Non-Voting) | 2026-05-21 |  | P |  | 23910 | A | $2.5482 | 1099391 | I | Investment adviser with discretion over multiple client accounts (See Footnotes)<sup>(1)(3)(4)(5)</sup> |
| Class A Common Stock (Non-Voting) | 2026-05-28 |  | P |  | 1376 | A | $2.60 | 1100767 | I | Investment adviser with discretion over multiple client accounts (See Footnotes)<sup>(2)(3)(4)(5)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(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.

**Signature:** /s/ Derek Pilecki  
**Date:** 2026-06-02

### Remarks:

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**