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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1088034	Usio Inc.	USIO	Functions Related To Depository Banking, Nec (6099)	980190072

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1792547	Collin Mcbirney	2913 3Rd Street Unit 201 Santa Monica CA 90405		No	No	No	Yes
1792549	Topline Capital Management, Llc	2913 3Rd Street Unit 201 Santa Monica CA 90405		No	No	No	Yes

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-12-16	153,575	$2.04	3,258,186	No	4	P	Indirect	By Topline Capital Partners, LP
Common Stock	Acquisiton	2020-12-17	108,221	$2.01	3,366,407	No	4	P	Indirect	By Topline Capital Partners, LP
Common Stock	Acquisiton	2020-12-18	8,593	$2.11	3,375,000	No	4	P	Indirect	By Topline Capital Partners, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Topline Capital Partners, LP
No	4	P	Indirect	By Topline Capital Partners, LP
No	4	P	Indirect	By Topline Capital Partners, LP

Footnotes

The reporting persons are (i) Topline Capital Management, LLC, an exempt reporting adviser ("TCM"), and (ii) Collin McBirney, TCM's managing member.
Each reporting person may be deemed to beneficially own more than 10% of the issuer's outstanding shares of common stock. Each reporting person disclaims beneficial ownership of the shares of common stock reported herein except to the extent of its or his pecuniary interest therein, and this report shall not be deemed to be an admission that any reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
The shares of common stock reported in Table I on this Form 4 are beneficially owned by Topline Capital Partners, LP, a Delaware limited partnership (the "Fund"). As a greater than 10% beneficial owner, the Fund is separately reporting its holdings in the issuer's securities on a Form 4 filed concurrently herewith. Each of TCM, as the investment manager and general partner of the Fund, and Mr. McBirney, as managing member of TCM, may be deemed to be the beneficial owner of the shares of common stock beneficially owned by the Fund.