David Morris - Jan 18, 2024 Form 4 Insider Report for RBB Bancorp (RBB)

Role
CEO, Director
Signature
/s/ David Morris
Stock symbol
RBB
Transactions as of
Jan 18, 2024
Transactions value $
-$30,189
Form type
4
Date filed
1/22/2024, 12:05 PM
Previous filing
Jan 20, 2023
Next filing
Feb 23, 2024

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 +2.6K +7.22% $0.00 38.7K Jan 18, 2024 Direct
transaction RBB Common Stock, No Par Value Tax liability -$23.9K -1.35K -3.5% $17.63 37.3K Jan 18, 2024 Direct
transaction RBB Common Stock, No Par Value Options Exercise $0 +767 +2.06% $0.00 38.1K Jan 19, 2024 Direct
transaction RBB Common Stock, No Par Value Tax liability -$6.32K -361 -0.95% $17.50 37.7K Jan 19, 2024 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 -50% $0.00 767 Jan 19, 2024 Restricted Stock Units 1.53K $0.00 Direct F2, F3
transaction RBB Restricted Stock Units Options Exercise $0 -2.6K -33.34% $0.00 5.2K Jan 18, 2024 Restricted Stock Units 7.81K $0.00 Direct F3, F4
holding RBB Option (right to buy) 9K Jan 18, 2024 Common Stock 9K $20.55 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 01/22/2020 date of grant.
F2 These restricted stock units vest in three equal annual installments beginning one year after the 01/19/2022 date of grant.
F3 There will be no expiration date once restricted stock units vest.
F4 These restricted stock units vest in three equal installments beginning one year after 01/18/2023 date of grant.

Remarks:

The first vesting of the RSUs that were granted on 1/18/2023, and the second vesting of the RSUs that were granted on 1/19/2022 are both reflected. The total amount of RSUs vested is 3,370 shares. 1,715 of those shares were used to cover tax withholding obligations, leaving a total of 1,655 shares acquired.