Vincent Liu - 31 Aug 2021 Form 4 Insider Report for RBB Bancorp (RBB)

Role
EVP
Signature
/s/ Vincent Liu
Issuer symbol
RBB
Transactions as of
31 Aug 2021
Net transactions value
-$2,401,386
Form type
4
Filing time
01 Sep 2021, 16:16:57 UTC
Next filing
02 Sep 2021
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 $1,049,999 +94,172 +132% $11.15 165,335 31 Aug 2021 Direct
transaction RBB Common Stock, No Par Value Sale $2,401,386 -94,172 -57% $25.50 71,163 31 Aug 2021 Direct F2, F3

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 $1,049,999 -94,172 -100% $11.15 0 31 Aug 2021 Common Stock 94,172 $11.15 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options vest in three equal annual installments beginning one year after the 01/01/2013 date of grant.
F2 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.
F3 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.

Remarks:

Vincent Liu is reporting a cashless exercise and sale of 94,172 shares.