Chang Ashley 4

What Happened

• Ashley Chang, Executive Vice President of RBB Bancorp (RBB), had 575 shares issued on vesting of an RSU grant. Of those, 237 shares were surrendered to cover tax withholding, leaving a net increase of 338 shares.
• The gross value of the 575 shares based on the reported per-share amount ($21.56) is $12,397; the 237 shares withheld were valued at $5,110.

Key Details

• Transaction date: 2026-01-16; filing date: 2026-01-21 (filed late).
• Reported entries: conversion/exercise of derivative resulting in 575 shares (code M); tax withholding/surrender of 237 shares (code F); a related derivative conversion entry shows 575 shares @ $0.00 (RSU conversion).
• Net shares acquired: 338 (575 issued − 237 withheld).
• Shares owned after transaction: not provided in the supplied filing excerpt.
• Relevant footnotes: F4 indicates the RSUs vest in three equal annual installments beginning 01/18/2023; F7 notes a prior amended Form 4 (May 12, 2025) correcting an administrative omission and clarifying RSU settlement in common stock.
• No 10b5-1 plan or gift noted in this filing.

Context

• This was a routine equity compensation vesting and tax-withholding event (not an open-market purchase or sale). The filing shows conversion/issuance of RSUs into shares and the surrender of a portion to cover tax obligations (a common cashless/net-settlement practice).
• The filing was submitted after the typical 2-business-day reporting window, which is noted as late in the SEC record.