LEE JOHNNY C 4
4 · RBB Bancorp · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
RBB Bancorp (RBB) CEO Johnny C. Lee Exercises Options and Sells Shares
What Happened
- Johnny C. Lee, President & CEO and director of RBB Bancorp (RBB), had 2,740 restricted stock units convert to 2,740 common shares on March 20, 2026. The gross value of those shares at the reported price ($20.43) was $55,978.
- To cover tax withholding related to the vesting, 984 shares were surrendered/withheld (valued at roughly $20,103). Net shares issued to Lee from this vesting were 1,756 shares (2,740 − 984).
Key Details
- Transaction dates and prices: Conversion/settlement on 2026-03-20; reported price $20.43/share; gross value $55,978; tax-withholding value $20,103.
- Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = shares delivered/withheld to satisfy tax liability.
- Shares owned after transaction: Not specified in the filing.
- Relevant footnote: These were RSUs from the 03/20/2024 grant that vest in three equal annual installments beginning 03/20/2024 (see footnote F4). Remarks clarify shares were issued for RSU vesting and some shares were disposed to cover tax withholding.
- Filing timing: Form filed 2026-03-24 reporting a 2026-03-20 transaction (filed four days after the transaction; the usual Form 4 window is two business days).
Context
- This was a routine RSU vesting and tax-withholding settlement, not an open-market sale for cash proceeds (though shares were surrendered/withheld to cover taxes). Such transactions commonly reflect compensation vesting rather than an independent purchase or sell decision.
- For retail investors: vesting and tax withholding are administrative events; they don't necessarily signal CEO buying or selling intent in the market.
Insider Transaction Report
Form 4
RBB BancorpRBB
LEE JOHNNY C
DirectorPresident/CEO
Transactions
- Exercise/Conversion
Common Stock, No Par Value
2026-03-20$20.43/sh+2,740$55,978→ 12,860 total - Tax Payment
Common Stock, No Par Value
2026-03-20$20.43/sh−984$20,103→ 11,876 total - Exercise/Conversion
Restricted Stock Units
[F4][F2][F8]2026-03-20−2,740→ 2,740 totalExercise: $20.43→ Common Stock (5,480 underlying)
Holdings
- 1,098
Restricted Stock Units
[F3][F2][F8]Exercise: $0.00→ Common Stock (1,098 underlying) - 5,500
Restricted Stock Units
[F1][F2][F8]Exercise: $0.00→ Common Stock (5,500 underlying) - 12,332
Performance Stock Units
[F5][F2][F8]Exercise: $0.00→ Common Stock (12,332 underlying) - 13,068
Restricted Stock Units
[F6][F2][F8]Exercise: $0.00→ Common Stock (13,068 underlying) - 19,602
Performance Stock Units
[F7][F2][F8]Exercise: $0.00→ Common Stock (19,602 underlying)
Footnotes (8)
- [F1]These restricted stock units vest in three equal annual installments beginning one year after the 07/20/2023 date of grant.
- [F2]There will be no expiration date once restricted stock units vest.
- [F3]These restricted stock units vest in three equal annual installments beginning one year after the 02/21/2024 date of grant.
- [F4]These restricted stock units vest in three equal annual installments beginning one year after the 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 annual installments beginning one year after the 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/ Johnny Lee|2026-03-24