David Richard Morris - 18 Jan 2023 Form 4 Insider Report for RBB Bancorp (RBB)

Role
President/CEO/ CFO, Director
Signature
/s/ David Morris
Issuer symbol
RBB
Transactions as of
18 Jan 2023
Net transactions value
$0
Form type
4
Filing time
20 Jan 2023, 20:52:40 UTC
Previous filing
23 Dec 2022
Next filing
22 Jan 2024
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 $0 +767 +2.2% $0.000000 36,068 19 Jan 2023 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
transaction RBB Restricted Stock Units Options Exercise $0 -767 -33% $0.000000 1,534 19 Jan 2023 Restricted Stock Units 2,301 $0.000000 Direct F3, F4
holding RBB Option (right to buy) 12,288 18 Jan 2023 Common Stock 12,288 $11.15 Direct F1, F5
holding RBB Option (right to buy) 9,000 18 Jan 2023 Common Stock 9,000 $20.55 Direct F2
holding RBB Restricted Stock Units 7,807 18 Jan 2023 Restricted Stock Units 7,807 $0.000000 Direct F4, F6
* 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
F6 These restricted stock units vest in three equal installments beginning one year after 01/18/2023 date of grant.

Remarks:

David Morris was granted 7,807 restricted stock units that will vest in three equal annual installments on 01/18/2024, 01/18/2025, and 01/18/2026. The first vesting of the RSUs that were granted on 1/19/2022 are also reflected.