David Richard Morris - 10 Aug 2021 Form 4 Insider Report for RBB Bancorp (RBB)

Role
EVP
Signature
/s/ David Morris
Issuer symbol
RBB
Transactions as of
10 Aug 2021
Net transactions value
-$500,000
Form type
4
Filing time
12 Aug 2021, 16:20:34 UTC
Next filing
26 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBB Common Stock, No Par Value Options Exercise $222,996 +20,000 +145% $11.15 33,776 10 Aug 2021 Direct
transaction RBB Common Stock, No Par Value Sale $500,000 -20,000 -59% $25.00 13,776 10 Aug 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RBB Option (right to buy) Options Exercise $222,996 -20,000 -37% $11.15 33,813 10 Aug 2021 Common Stock 53,813 $11.15 Direct F3
holding RBB Option (right to buy) 9,000 10 Aug 2021 Common Stock 9,000 $20.55 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise of reporting person's stock options that would otherwise expire 01/01/2023, of which shares were sold to pay the exercise price, to cover withholding taxes, and to pay broker fees and commissions, pursuant to a broker-assisted cashless exercise and sale.
F2 Price reflected is the weighted-average sale price for shares, which were sold in multiple transactions. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or any staff member of the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each separate price.
F3 These options vest in three equal annual installments beginning one year after the 01/01/2013 date of grant.
F4 These options vest in three equal annual installments beginning one year after the 01/22/2020 date of grant.

Remarks:

David Morris is reporting a cashless exercise and sale of 20,000 shares