SANTAROSA ROMOLO 4

What Happened
Romolo Santarosa, Chief Financial Officer of Hanmi Financial Corp. (HAFC), received the vesting of 7,623 performance-based restricted shares on March 26, 2026 (reported as an award, code A). To cover tax liabilities, 553 shares and 2,049 shares were surrendered/withheld (code F) at $26.33 per share for proceeds of $14,560 and $53,950, respectively — $68,510 total withheld. The filing reports the award with $0 cash paid; using the $26.33 per-share price implied by the withholding transactions, the vested award is roughly $200,714 in market value. Net new shares received after withholding: 7,623 − 2,602 = 5,021 shares.

Key Details

• Transaction date(s): March 26, 2026 (reported on Form 4 filed March 30, 2026).
• Disposals (tax withholding, code F): 553 shares @ $26.33 = $14,560; 2,049 shares @ $26.33 = $53,950. Total withheld = 2,602 shares ($68,510).
• Award (code A): 7,623 shares vested on March 26, 2026 (reported acquisition value $0 in the filing).
• Net effect: +5,021 shares to Santarosa’s holdings after withholding.
• Footnote: Original grant was 6,353 restricted shares on March 10, 2023; performance metrics for the three-year period were certified March 26, 2026, producing a 120% payout (7,623 shares).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed March 30, 2026 (appears timely — within two business days of the March 26 transaction).

Context
This was a performance-based RSU vesting event, not an open-market sale or option exercise. The dispositions were tax-withholding transactions (routine), not sales for investment purposes — the company withheld shares to satisfy tax obligations on the vested award. Retail investors should view this primarily as an executive award vesting, with a modest net increase in insider-held shares; it is factual reporting of compensation and tax withholding, not necessarily a signal of the insider’s view on the stock.