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

Role
CEO, Director
Signature
/s/ David Morris
Stock symbol
RBB
Transactions as of
Nov 13, 2024
Transactions value $
-$224,010
Form type
4
Date filed
11/14/2024, 08:57 PM
Previous filing
Mar 22, 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 $185K +9K +23.86% $20.55 46.7K Nov 13, 2024 Direct
transaction RBB Common Stock, No Par Value Sale -$224K -9K -19.26% $24.89 37.7K Nov 13, 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 -$185K -9K -100% $20.55 0 Nov 13, 2024 Common Stock 9K $20.55 Direct F1
holding RBB Restricted Stock Units 767 Nov 13, 2024 Restricted Stock Units 767 $0.00 Direct F2, F3
holding RBB Restricted Stock Units 5.2K Nov 13, 2024 Restricted Stock Units 5.2K $0.00 Direct F3, F4
holding RBB Restricted Stock Units 6.68K Nov 13, 2024 Restricted Stock Units 6.68K $0.00 Direct F3, F5
holding RBB Restricted Stock Units 9.49K Nov 13, 2024 Restricted Stock Units 9.49K $0.00 Direct F3, F6
holding RBB Performance Stock Units 14.2K Nov 13, 2024 Performance Stock Units 14.2K $0.00 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.