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RBB Bancorp·4

Feb 24, 1:49 PM ET

Fan Gary 4

4 · RBB Bancorp · Filed Feb 24, 2026

Research Summary

AI-generated summary of this filing

Updated

RBB Bancorp (RBB) EVP Gary Fan Exercises/Converts Awards, Sells Shares

What Happened

  • Gary Fan, EVP & Chief Operations Officer of RBB Bancorp, had 1,011 shares issued on conversion/vesting of a derivative award on Feb 20, 2026 (reported value $22.20 per share; $22,444 total). Simultaneously, 417 shares were disposed (sold/withheld) to satisfy tax withholding obligations at the same price (417 × $22.20 = $9,257). Net delivery to the insider was 594 shares (1,011 issued less 417 withheld), worth roughly $13,187 at $22.20/share.
  • The filing shows the issuance/conversion as a derivative transaction (code M) and the share disposition to cover taxes as code F (payment of exercise price or tax liability).

Key Details

  • Transaction date: 2026-02-20; Form 4 filed: 2026-02-24 (timely — within the two-business-day window).
  • Prices and values: 1,011 shares issued at $22.20 ($22,444); 417 shares withheld/sold at $22.20 ($9,257); net 594 shares retained ($13,187).
  • Shares owned after transaction: Not disclosed in the provided filing excerpt.
  • Footnote/remark: These shares were issued for vesting of the 02/21/2024 RSU grant and some shares were surrendered to settle tax withholding for that RSU vesting (see footnote F2).
  • Transaction codes: M = exercise/conversion of derivative (vesting/conversion of RSUs/awards); F = shares disposed to cover tax liability.

Context

  • This appears to be a routine vesting/conversion of restricted stock units (RSUs) with a portion of the grant withheld/sold to cover taxes (common administrative practice), not an open-market purchase or an indication of a trading decision.
  • For retail investors, vesting and tax-withholding sales are generally administrative and do not necessarily signal insider sentiment about the company’s prospects.

Insider Transaction Report

Form 4
Period: 2026-02-20
RBB BancorpRBB
Fan Gary
EVP/Chief Operations Officer
Transactions
  • Exercise/Conversion

    Common Stock, No Par Value

    2026-02-20$22.20/sh+1,011$22,444→ 1,011 total
  • Tax Payment

    Common Stock, No Par Value

    2026-02-20$22.20/sh−417$9,257→ 594 total
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F3][F8]
    2026-02-20−1,011→ 1,011 total
    Exercise: $22.20→ Common Stock (2,022 underlying)
Holdings

  • Options

    [F1]
    Exercise: $21.17Exp: 2032-12-20→ Stock Options (18,000 underlying)
    18,000

  • Restricted Stock Units

    [F4][F3][F8]
    Exercise: $0.00→ Common Stock (2,629 underlying)
    2,629

  • Performance Stock Units

    [F5][F3][F8]
    Exercise: $0.00→ Common Stock (5,916 underlying)
    5,916

  • Restricted Stock Units

    [F6][F3][F8]
    Exercise: $0.00→ Common Stock (4,356 underlying)
    4,356

  • Performance Stock Units

    [F7][F3][F8]
    Exercise: $0.00→ Common Stock (6,534 underlying)
    6,534
Footnotes (8)
  • [F1]These options vest in five equal annual installments beginning one year after the 12/05/2022 date of grant.
  • [F2]These restricted stock units vest in three equal installments beginning one year after 02/21/2024 date of grant.
  • [F3]There will be no expiration date once restricted stock units vest.
  • [F4]These restricted stock units vest in three equal installments beginning one year after 03/20/2024 date of grant.
  • [F5]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.
  • [F6]These restricted stock units vest in three equal installments beginning one year after 05/08/2025 date of grant.
  • [F7]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.
  • [F8]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/ Gary Fan|2026-02-24

Documents

1 file
  • 4
    rdgdoc.xmlPrimary

    GARY FAN - RSU VESTING