Wendell Chen - Jun 9, 2023 Form 4 Insider Report for RBB Bancorp (RBB)

Role
Former Director
Signature
/s/ Wendell Chen
Stock symbol
RBB
Transactions as of
Jun 9, 2023
Transactions value $
$0
Form type
4
Date filed
6/12/2023, 08:15 PM
Previous filing
Jan 20, 2023

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 +0.65% $0.00 92.3K Jun 9, 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% $0.00* 0 Jun 9, 2023 Restricted Stock Units 600 $0.00 Direct F4, F5
holding RBB Option (right to buy) 10.3K Jun 9, 2023 Common Stock 10.3K $13.21 Direct F1
holding RBB Option (right to buy) 10K Jun 9, 2023 Common Stock 10K $17.08 Direct F2
holding RBB Option (right to buy) 10K Jun 9, 2023 Common Stock 10K $18.25 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Wendell Chen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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: 700 at 01/18/2023 and 600 at 01/18/2024.

Remarks:

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