Huang Tsu Te 4

What Happened

• Huang Tsu Te, Executive Vice President of RBB Bancorp (RBB), received 659 shares on 2026-01-16 as a result of restricted stock unit (RSU) vesting. The reported per-share value used was $21.56, giving a gross value of $14,208.
• As part of the vesting settlement, 272 shares were withheld to cover tax withholding obligations (272 × $21.56 = $5,864). That leaves a net delivery of 387 shares to the insider (net value ≈ $8,344).
• The filing shows the RSU conversion/exercise (transaction code M) and the tax withholding disposition (transaction code F).

Key Details

• Transaction date: 2026-01-16; Form 4 filed 2026-01-21 (filed 5 days after the transaction — Form 4s are generally due within 2 business days, so this appears later than typical).
• Reported prices/values: 659 shares × $21.56 = $14,208 gross; 272 shares withheld × $21.56 = $5,864; net shares received = 387 (≈ $8,344).
• Shares owned after the transaction: not disclosed in this filing.
• Footnotes: these shares relate to RSU grants (vest schedules noted in footnotes; specifically the 01/18/2023 grant vests in three equal annual installments). An earlier Form 4 (May 12, 2025) was amended for an administrative error clarifying RSU grant amounts and settlement in common stock.

Context

• This was a routine RSU vesting and tax-withholding settlement, not an open-market buy or sale. For derivative/RSU transactions the form uses code M for conversion/vesting and F for shares surrendered to satisfy tax obligations. Such withholding is common and does not by itself indicate a change in the insider’s view of the company.