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RBB Bancorp·4

Feb 24, 1:48 PM ET

Yeh Jeffrey 4

4 · RBB Bancorp · Filed Feb 24, 2026

Research Summary

AI-generated summary of this filing

Updated

RBB Bancorp EVP Jeffrey Yeh Vests RSUs; Sells Shares for Taxes

What Happened

  • Jeffrey Yeh, Executive Vice President of RBB Bancorp (RBB), had restricted stock units (RSUs) convert into 922 shares on 2026-02-20 (reported 2026-02-24). The conversion is reported as a derivative exercise and the 922 shares are valued at $22.20 each (total ~$20,468). To satisfy tax withholding for the vesting, 380 shares were surrendered/disposed at the same $22.20 price (proceeds ~ $8,436).
  • The filing shows the RSU conversion (derivative) and the tax-withholding share disposition; this is an award/vesting event rather than an open-market purchase or intentional sale for investment.

Key Details

  • Transaction date: 2026-02-20; Form 4 filed: 2026-02-24 (timely).
  • Shares issued on vesting: 922 shares at $22.20 (value ≈ $20,468).
  • Shares withheld/surrendered for taxes: 380 shares at $22.20 (value ≈ $8,436).
  • “M” code: conversion/exercise of a derivative (RSU settlement); “F” code: payment of tax liability via share disposition.
  • Shares owned after the transaction: not specified in the provided filing excerpt.
  • Relevant footnotes: RSUs have no expiration once vested (F1); these RSUs vest in three equal annual installments beginning one year after the 02/21/2024 grant date (F2). Remarks confirm shares were issued for vesting of the 2/21/2024 RSU grant and some shares were disposed to cover tax withholding.

Context

  • This was a standard vesting/settlement of RSUs. The surrender of 380 shares to cover taxes is a routine tax-withholding action and not a market-sale indicating a change in investment view.
  • The filing is timely (filed within the required reporting window). The derivative entry at $0 reflects the RSU-to-stock conversion rather than a cash option exercise.

Insider Transaction Report

Form 4
Period: 2026-02-20
RBB BancorpRBB
Yeh Jeffrey
EVP
Transactions
  • Exercise/Conversion

    Common Stock, No Par Value

    2026-02-20$22.20/sh+922$20,468→ 58,564 total
  • Tax Payment

    Common Stock, No Par Value

    2026-02-20$22.20/sh−380$8,436→ 58,184 total
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F1][F7]
    2026-02-20−922→ 921 total
    Exercise: $22.20From: 2026-02-20→ Common Stock (1,843 underlying)
Holdings

  • Restricted Stock Units

    [F3][F1][F7]
    Exercise: $0.00→ Common Stock (2,652 underlying)
    2,652

  • Performance Stock Units

    [F4][F1][F7]
    Exercise: $0.00→ Common Stock (5,967 underlying)
    5,967

  • Restricted Stock Units

    [F5][F1][F7]
    Exercise: $0.00→ Common Stock (4,394 underlying)
    4,394

  • Performance Stock Units

    [F6][F1][F7]
    Exercise: $0.00→ Common Stock (6,589 underlying)
    6,589
Footnotes (7)
  • [F1]There will be no expiration date once restricted stock units vest.
  • [F2]These restricted stock units vest in three equal annual installments beginning one year after the 02/21/2024 date of grant.
  • [F3]These restricted stock units vest in three equal annual installments beginning one year after the 03/20/2024 date of grant.
  • [F4]These performance stock units ("PSUs") will vest conditionally on the achievement of certain performance goals and an employment condition. The reported PSUs will vest at the expiration of a three-year period beginning on 03/20/2024 subject to the Reporting Person's satisfaction of the employment condition.
  • [F5]These restricted stock units vest in three equal annual installments beginning one year after the 05/08/2025 date of grant.
  • [F6]Performance Stock Units ("PSUs") to vest conditionally on the achievement of certain performance goals and an employment condition. The PSUs are awarded at a target level and have the opportunity to vest at 150% of such target level; The reported PSUs represent the maximum award that may be achieved and ultimately vest. The reported PSUs will vest at the expiration of a three-year period beginning on 05/08/2025 subject to the Reporting Person's satisfaction of the employment condition.
  • [F7]On May 12, 2025 due to an administrative error, the Reporting Person filed a Form 4 which inadvertently omitted information from the transactional columns in Table II and overstated the amount of RSUs and PSUs granted to the Reporting Person on May 8, 2025. The Form 4 has also been amended to clarify that grants of RSUs and PSUs will be settled in common stock.
Signature
/s/ Jeffrey Yeh|2026-02-24

Documents

1 file
  • 4
    rdgdoc.xmlPrimary

    JEFFREY YEH - RSU VESTING