Fan Gary 4
4 · RBB Bancorp · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
RBB Bancorp EVP Gary Fan Receives 1,315 Shares; 472 Withheld
What Happened
- Gary Fan, EVP and Chief Operations Officer of RBB Bancorp (RBB), received 1,315 shares on 2026-03-20 related to equity conversion/vesting reported in the Form 4. The filing shows a per-share value of $20.43 for those shares, totaling $26,865.
- The filing also shows 472 shares were disposed/withheld to satisfy tax withholding obligations at the same per-share value, valued at approximately $9,643. A related derivative instrument (1,315 units) was reported as converted/removed in the filing.
Key Details
- Transaction date: 2026-03-20; Form 4 filed 2026-03-24 (within the typical 2-business-day reporting window).
- Shares received: 1,315 at $20.43/share = $26,865 (reported as an acquisition).
- Shares withheld for taxes: 472 at $20.43/share ≈ $9,643 (reported as a disposition for tax withholding).
- Derivative reporting: a 1,315-unit derivative was converted/removed (reported at $0.00 on the derivative line).
- Relevant footnote/remark: shares were issued for vesting of the 03/20/2024 RSU grant and shares were disposed to settle tax withholding for that RSU vesting (see footnote/remark in the filing).
- Shares owned after the transaction: not disclosed in the excerpt provided.
Context
- This appears to be a routine equity vesting event (RSUs/converted derivative) with a customary share-withholding to cover taxes — not an open-market sale or purchase. Tax-withholding disposals are common and do not necessarily indicate a change in insider sentiment.
- Transaction codes: M typically denotes exercise/conversion of a derivative; F denotes disposition to satisfy tax withholding. The filing reports both the conversion/issuance and the withholding settlement.
Insider Transaction Report
Form 4
RBB BancorpRBB
Fan Gary
EVP/Chief Operations Officer
Transactions
- Exercise/Conversion
Common Stock, No Par Value
2026-03-20$20.43/sh+1,315$26,865→ 1,909 total - Tax Payment
Common Stock, No Par Value
2026-03-20$20.43/sh−472$9,643→ 1,437 total - Exercise/Conversion
Restricted Stock Units
[F4][F3][F8]2026-03-20−1,315→ 1,314 totalExercise: $20.43→ Common Stock (2,629 underlying)
Holdings
- 18,000
Options
[F1]Exercise: $21.17Exp: 2032-12-20→ Stock Options (18,000 underlying) - 1,011
Restricted Stock Units
[F2][F3][F8]Exercise: $0.00→ Common Stock (1,011 underlying) - 5,916
Performance Stock Units
[F5][F3][F8]Exercise: $0.00→ Common Stock (5,916 underlying) - 4,356
Restricted Stock Units
[F6][F3][F8]Exercise: $0.00→ Common Stock (4,356 underlying) - 6,534
Performance Stock Units
[F7][F3][F8]Exercise: $0.00→ Common Stock (6,534 underlying)
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|2026-03-24