David Richard Morris - 13 Nov 2024 Form 4 Insider Report for RBB Bancorp (RBB)

Role
CEO, Director
Signature
/s/ David Morris
Issuer symbol
RBB
Transactions as of
13 Nov 2024
Net transactions value
-$224,010
Form type
4
Filing time
14 Nov 2024, 20:57:51 UTC
Previous filing
22 Mar 2024
Next filing
22 Jan 2025
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 $184,950 +9,000 +24% $20.55 46,722 13 Nov 2024 Direct
transaction RBB Common Stock, No Par Value Sale $224,010 -9,000 -19% $24.89 37,722 13 Nov 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 Option (right to buy) Options Exercise $184,950 -9,000 -100% $20.55 0 13 Nov 2024 Common Stock 9,000 $20.55 Direct F1
holding RBB Restricted Stock Units 767 13 Nov 2024 Restricted Stock Units 767 $0.000000 Direct F2, F3
holding RBB Restricted Stock Units 5,204 13 Nov 2024 Restricted Stock Units 5,204 $0.000000 Direct F3, F4
holding RBB Restricted Stock Units 6,675 13 Nov 2024 Restricted Stock Units 6,675 $0.000000 Direct F3, F5
holding RBB Restricted Stock Units 9,493 13 Nov 2024 Restricted Stock Units 9,493 $0.000000 Direct F3, F6
holding RBB Performance Stock Units 14,240 13 Nov 2024 Performance Stock Units 14,240 $0.000000 Direct F3, F7
* 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.
F5 These restricted stock units vest in three equal installments beginning one year after 02/21/2024 date of grant.
F6 These restricted stock units vest in three equal installments beginning one year after 03/20/2024 date of grant.
F7 These performance stock units ("PSUs") will vest conditionally on the achievement of certain performance goals and an employment condition. The reported PSUs will vest at the expiration of a three-year period beginning on 03/20/2024 subject to the Reporting Person's satisfaction of the employment condition.

Remarks:

David Morris exercised 9,000 options and sold the shares on November 13, 2024 subject to his 10b5-1 plan.