David Richard Morris - 21 Dec 2022 Form 4 Insider Report for RBB Bancorp (RBB)

Role
President/CEO/ CFO, Director
Signature
/s/ David Morris
Issuer symbol
RBB
Transactions as of
21 Dec 2022
Net transactions value
$0
Form type
4
Filing time
23 Dec 2022, 16:49:14 UTC
Previous filing
28 Apr 2022
Next filing
20 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RBB Common Stock, No Par Value 35,301 21 Dec 2022 Direct

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
holding RBB Option (right to buy) 12,288 21 Dec 2022 Common Stock 12,288 $11.15 Direct F1, F5
holding RBB Option (right to buy) 9,000 21 Dec 2022 Common Stock 9,000 $20.55 Direct F2
holding RBB Restricted Stock Units 2,301 21 Dec 2022 Restricted Stock Units 2,301 $0.000000 Direct F3, F4
* 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 These options vest in three equal annual installments beginning one year after the 01/22/2020 date of grant.
F3 These restricted stock units vest in three equal annual installments beginning one year after the 01/19/2022 date of grant.
F4 There will be no expiration date once restricted stock units vest.
F5 These granted options have been extended for another year from 01/01/2023 to 01/01/2024

Remarks:

On December 21, 2022, the Board of Directors approved to extend the expiration date of the options granted on 01/01/2013. The extension is for one year from 01/01/2023 to 01/01/2024.