{"url_path":"/sec/ursb/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2084261/0001104659-26-062077-index.html","accession_number":"0001104659-26-062077","cik":"0002084261","ticker":"URSB","issuer_name":"URSB Bancorp, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2084261/0001104659-26-062077-index.html","primary_entity_key":"0002084261","primary_entity_name":"URSB Bancorp, Inc."},"word_count":244,"has_tables":true,"body_markdown":"**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds**\n\nDuring the quarter ended March 31, 2026, the Company did not sell any equity securities that were not registered under the Securities Act of 1933, as amended.\n\nEffective March 26, 2026, the Company completed its initial public stock offering in connection with the mutual-to-stock conversion of United Roosevelt, MHC, the Bank’s former mutual holding company. In addition to contributing 20,000 shares of common stock to URSB Charitable Foundation, Inc., a charitable foundation established and funded in connection with the conversion transaction, the Company sold 2,314,375 shares of common stock at $10.00 per share pursuant to a Registration Statement on Form S-1, as amended (SEC File No. 333-290213), which was declared effective by the Securities and Exchange Commission on January 9, 2026. The stock offering resulted in gross offering proceeds of $23.1 million and net offering proceeds (after payment of offering expenses) of approximately $1.7 million. From the net offering proceeds, the Company lent $1.9 million to the Bank’s employee stock ownership plan (which used those funds to purchase 186,750 shares of the Company’s common stock in the stock offering), invested $9.0 million in the Bank as a capital contribution, and retained the remaining $10.5 million for general corporate purchases. Janney Montgomery Scott LLC served as the Company’s marketing agent in connection with the stock offering.\n\nThe Company did not repurchase any shares of its common stock during the quarter ended March 31, 2026."}