Vincent Liu - 18 Jan 2024 Form 4 Insider Report for RBB Bancorp (RBB)

Role
EVP
Signature
/s/ Vincent Liu
Issuer symbol
RBB
Transactions as of
18 Jan 2024
Net transactions value
-$12,854
Form type
4
Filing time
22 Jan 2024, 12:06:35 UTC
Previous filing
20 Jan 2023
Next filing
23 Feb 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 +1,204 +11% $0.000000 11,971 18 Jan 2024 Direct
transaction RBB Common Stock, No Par Value Tax liability $8,286 -470 -3.9% $17.63 11,501 18 Jan 2024 Direct
transaction RBB Common Stock, No Par Value Options Exercise $0 +767 +6.7% $0.000000 12,268 19 Jan 2024 Direct
transaction RBB Common Stock, No Par Value Tax liability $4,568 -261 -2.1% $17.50 12,007 19 Jan 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 -1,204 -33% $0.000000 2,407 18 Jan 2024 Restricted Stock Units 3,611 $0.000000 Direct F2, F3
transaction RBB Restricted Stock Units Options Exercise $0 -767 -50% $0.000000 767 19 Jan 2024 Restricted Stock Units 1,534 $0.000000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units vest in three equal annual installments beginning one year after the 01/19/2022 date of grant.
F2 There will be no expiration date once restricted stock units vest.
F3 These restricted stock units vest in three equal annual installments beginning one year after the 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 1,971 shares. 731 of those shares were used to cover tax withholding obligations, leaving a total of 1,240 shares acquired.