Gary Fan - 06 Dec 2024 Form 4 Insider Report for RBB Bancorp (RBB)

Role
EVP/Chief Operations Officer
Signature
/s/ Gary Fan
Issuer symbol
RBB
Transactions as of
06 Dec 2024
Net transactions value
-$281,396
Form type
4
Filing time
09 Dec 2024, 20:50:39 UTC
Previous filing
22 Mar 2024
Next filing
25 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBB Stock Options Options Exercise $254,040 +12,000 $21.17 12,000 06 Dec 2024 Direct
transaction RBB Stock Options Sale $281,396 -12,000 -100% $23.45 0 06 Dec 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 Options Options Exercise $254,040 -12,000 -40% $21.17 18,000 06 Dec 2024 Stock Options 30,000 $21.17 Direct F1
holding RBB Restricted Stock Units 3,033 06 Dec 2024 Restricted Stock Units 3,033 $0.000000 Direct F2, F3
holding RBB Restricted Stock Units 3,944 06 Dec 2024 Restricted Stock Units 3,944 $0.000000 Direct F3, F4
holding RBB Performance Stock Units 5,916 06 Dec 2024 Performance Stock Units 5,916 $0.000000 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options vest in five equal annual installments beginning one year after the 12/05/2022 date of grant.
F2 These restricted stock units vest in three equal installments beginning one year after 02/21/2024 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 03/20/2024 date of grant.
F5 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:

Gary Fan is reporting a cashless exercise and sale of 12,000 shares.