Ashley Chang - 18 Jan 2024 Form 4 Insider Report for RBB Bancorp (RBB)

Role
EVP
Signature
/s/ Ashley Chang
Issuer symbol
RBB
Transactions as of
18 Jan 2024
Net transactions value
-$5,204
Form type
4
Filing time
22 Jan 2024, 12:16:06 UTC
Previous filing
20 Jan 2023
Next filing
07 Mar 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 +575 +144% $0.000000 974 18 Jan 2024 Direct
transaction RBB Common Stock, No Par Value Tax liability $3,244 -184 -19% $17.63 790 18 Jan 2024 Direct
transaction RBB Common Stock, No Par Value Options Exercise $0 +399 +51% $0.000000 1,189 19 Jan 2024 Direct
transaction RBB Common Stock, No Par Value Tax liability $1,960 -112 -9.4% $17.50 1,077 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 -575 -33% $0.000000 1,150 18 Jan 2024 Restricted Stock Units 1,725 $0.000000 Direct F4, F5
transaction RBB Restricted Stock Units Options Exercise $0 -399 -50% $0.000000 398 19 Jan 2024 Restricted Stock Units 797 $0.000000 Direct F3, F4
holding RBB Option (right to buy) 6,000 18 Jan 2024 Common Stock 6,000 $20.55 Direct F1
holding RBB Option (right to buy) 30,000 18 Jan 2024 Common Stock 30,000 $17.74 Direct F2
* 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 options vest in three equal annual installments beginning one year after the 01/21/2021 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 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 974 shares. 296 of those shares were used to cover tax withholding obligations, leaving a total of 678 shares acquired.