Yeh Jeffrey 4
Accession 0001437749-26-001664
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 7:56 PM ET
Size
14.8 KB
Accession
0001437749-26-001664
Research Summary
AI-generated summary of this filing
RBB Bancorp (RBB) EVP Jeffrey Yeh Converts/Exercises RSUs
What Happened
Jeffrey Yeh, Executive Vice President of RBB Bancorp, had restricted stock units (RSUs) vest and converted those derivative awards into common shares on 2026-01-16. The Form 4 shows two related derivative transactions: 842 shares acquired at $0.00 (conversion of RSUs) and 842 shares acquired at $21.56 per share for a reported amount of $18,154. The filing’s remarks state these shares were issued for vesting of the 01/18/2023 RSU grant.
Key Details
- Transaction date: 2026-01-16; Form filed: 2026-01-21.
- Reported transactions (code M = exercise/conversion of derivative):
- 842 shares acquired at $0.00 (conversion of derivative/RSUs).
- 842 shares acquired at $21.56 — total $18,154 (reported in the filing; consistent with shares withheld/surrendered for consideration or tax withholding).
- Relevant footnotes: F2 — these RSUs were granted 01/18/2023 and vest in three equal annual installments beginning one year after the grant. F1 — no expiration date once RSUs vest.
- Shares owned after transaction: not specified in the provided filing extract.
- No 10b5-1 plan or late-filing flag is indicated in the provided data (filing date is 2026-01-21).
Context
This was a conversion/vesting of RSUs (derivative → common shares). The split entries (one at $0.00 and one at $21.56) typically reflect the gross issuance of vested RSU shares and simultaneous withholding or surrender of a portion of shares to cover tax withholding or exercise consideration; the Form 4 here shows 842 shares in each line. Such vesting is compensatory (an award settlement), not an open-market purchase or voluntary sale, and does not by itself indicate a buy/sell sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock, No Par Value
2026-01-16$21.56/sh+842$18,154→ 57,642 total - Exercise/Conversion
Restricted Stock Units
[F2][F1][F8]2026-01-16+842→ 0 totalExercise: $0.00→ Common Stock (842 underlying)
- 1,843
Restricted Stock Units
[F3][F1][F8]Exercise: $0.00→ Common Stock (1,843 underlying) - 2,143
Restricted Stock Units
[F4][F1][F8]Exercise: $0.00→ Common Stock (2,143 underlying) - 5,967
Performance Stock Units
[F5][F1][F8]Exercise: $0.00→ Common Stock (5,967 underlying) - 4,394
Restricted Stock Units
[F6][F1][F8]Exercise: $0.00→ Common Stock (4,394 underlying) - 6,589
Performance Stock Units
[F7][F1][F8]Exercise: $0.00→ Common Stock (6,589 underlying)
Footnotes (8)
- [F1]There will be no expiration date once restricted stock units vest.
- [F2]These restricted stock units vest in three equal annual installments beginning one year after the 01/18/2023 date of grant.
- [F3]These restricted stock units vest in three equal annual installments beginning one year after the 02/21/2024 date of grant.
- [F4]These restricted stock units vest in three equal annual installments beginning one year after the 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.
- [F6]These restricted stock units vest in three equal annual installments beginning one year after the 05/08/2025 date of grant.
- [F7]Performance Stock Units ("PSUs") to vest conditionally on the achievement of certain performance goals and an employment condition. The PSUs are awarded at a target level and have the opportunity to vest at 150% of such target level; The reported PSUs represent the maximum award that may be achieved and ultimately vest. The reported PSUs will vest at the expiration of a three-year period beginning on 05/08/2025 subject to the Reporting Person's satisfaction of the employment condition.
- [F8]On May 12, 2025 due to an administrative error, the Reporting Person filed a Form 4 which inadvertently omitted information from the transactional columns in Table II and overstated the amount of RSUs and PSUs granted to the Reporting Person on May 8, 2025. The Form 4 has also been amended to clarify that grants of RSUs and PSUs will be settled in common stock.
Signature
Documents
Issuer
RBB Bancorp
CIK 0001499422
Related Parties
1- filerCIK 0001711532
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 7:56 PM ET
- Size
- 14.8 KB