USCB FINANCIAL HOLDINGS INC

Market

for

Registrant’s

Common

Equity,

Related

Stockholder

Matters

and

Issuer

Purchases

of

Equity

(a)

Market Information

In July

2021, the Bank’s

stock began trading

on the

Nasdaq Stock Market

under ticker

symbol “USCB”.

The listing of our Class

A common stock on

the Nasdaq Stock Market

has resulted in a

more active trading market

for our

Class

A

common

stock.

we

cannot

assure

that

a

liquid

trading

market

for

our

Class

A

common

stock

will

be

sustained.

Effective December 30, 2021, the bank holding company,

or the Company, acquired all issued and

outstanding shares

stock of

the Bank.

Each of

the outstanding

formerly held

by its

shareholders was converted

into and exchanged

for one newly

issued share

of the Company’s

The ticker

symbol “USCB” remained the same.

Prior

to

our

listing

on

the

Nasdaq

Stock

Market

there

was

not

an

public

trading

market

for

the

Class

A

common shares. The

following table shows

the quarterly high and

low closing prices

of our Class A

common stock traded

on the Nasdaq Stock Market since going public on July

23, 2021:

Stock Price

High

Low

Quarter Ended:

September 30, 2021

$

13.91

$

10.57

December 31, 2021

$

15.89

$

12.30

March 31, 2022

$

15.49

$

13.30

June 30, 2022

$

14.84

$

11.21

September 30, 2022

$

14.74

$

11.08

$

14.30

$

12.16

March 31, 2023

$

12.71

$

9.89

June 30, 2023

$

10.94

$

8.86

September 30, 2023

$

12.09

$

10.31

$

12.65

$

10.11

As of

B common

stock is

not listed

or traded

on any

stock exchange

and no

shares were

issued and outstanding at such date.

Holders

As

of

January

31,

2024,

the

Class

A

common

shares

were

held

by

of

record,

not including

the number

of persons

or entities

whose stock

is held

in nominee

or “street”

name through

various

brokerage firms and banks.

As a bank holding company, the Company’s ability to declare and pay dividends depends on various federal regulatory

considerations, including the guidelines of the Federal Reserve

regarding capital adequacy and dividends.

Because we are

a bank holding

company and currently do

not engage directly in

business activities of a

material nature,

our ability to pay dividends

to our shareholders depends,

in large part, upon

our receipt of dividends

from the Bank, which

is also subject to

numerous limitations on

the payment of dividends

under federal and state

banking laws, regulations

and

policies.

The principal

source of

revenue with

which to

pay dividends

on common

shares are

dividends the

Bank may

declare

and

pay

out

of

funds

legally

for

payment

of

dividends.

As

a

Florida

corporation,

we

are

only

permitted

to

pay

dividends to shareholders if, after giving effect to the dividend, (i) the Company is able to pay its debts as they become due

in the ordinary course

of business and

(ii) the Company’s

assets exceeds the

sum of Company’s

(a) liabilities plus

(b) the

amount that

needed for

to satisfy

the preferential

rights

upon dissolution

of shareholders

whose

preferential rights are superior to those receiving the dividend,

if any.

Securities Authorized for Issuance Under Equity Compensation

Plans

See Note

9 ”Equity

Based and

Other Compensation

Plans” to

Financial Statements

included in this

Annual Report Form on 10-K for additional information

Stock Price Performance

The graph below compares the

cumulative total return

to stockholders of our Class

A common stock between July

23,

2021 (the

date the

Class A

commenced

trading on

Stock Market)

and December

31,

2023, with the cumulative total return

of (a) the Nasdaq Bank Index

(b) the NASDAQ ABA Community Bank

Index, and (c)

Composite Index

over the same

period. This

graph assumes

the investment

of $100

in our Class

stock at the closing sale price of $10.82 per share on

July

23, 2021, and assumes the reinvestment of dividends,

if any.

The comparisons

shown

in the

graph

below are

based upon

data.

We

caution that

the stock

price

shown

in

the

graph

below

is

not

indicative

of,

nor

is

it

to

forecast,

the

future

performance of our common stock.

07/23/2021

12/31/2021

12/31/2022

12/31/2023

USCB Financial Holdings, Inc. (USCB)

$

$

$

$

NASDAQ Bank (BANK)

$

$

$

$

NASDAQ ABA Community Bank (QABA)

$

$

$

$

NASDAQ Composite (IXIC)

$

$

$

$