Koo Chie-Min Christopher - 09 Jun 2023 Form 4 Insider Report for RBB Bancorp (RBB)

Role
Former Director
Signature
/s/ Christopher Koo
Issuer symbol
RBB
Transactions as of
09 Jun 2023
Net transactions value
$0
Form type
4
Filing time
12 Jun 2023, 18:45:56 UTC
Previous filing
12 Jun 2023
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 +600 +1.5% $0.000000 41,628 09 Jun 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 -600 -100% $0.000000* 0 09 Jun 2023 Restricted Stock Units 600 $0.000000 Direct F4, F5
holding RBB Option (right to buy) 10,250 09 Jun 2023 Common Stock 10,250 $13.21 Direct F1
holding RBB Option (right to buy) 10,000 09 Jun 2023 Common Stock 10,000 $17.08 Direct F2
holding RBB Option (right to buy) 10,000 09 Jun 2023 Common Stock 10,000 $18.25 Direct F3
* 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 05/21/2014 date of grant.
F2 These options vest in three equal annual installments beginning one year after the 05/20/2015 date of grant.
F3 These options vest in three equal annual installments beginning one year after the 05/17/2016 date of grant.
F4 There will be no expiration date once restricted stock units vest.
F5 These restricted stock units vest in two installments: 600 at 01/18/2023 and 600 at 01/18/2024.

Remarks:

After the 2023 Annual Shareholder Meeting, Mr. Koo became a former director. The Board of Directors approved the early vesting of Mr. Koo's 600 RSUs to be released on 6/9/2023 instead of the scheduled vesting on 1/18/2024.