Yeh Jeffrey 4/A

What Happened

• Jeffrey Yeh, Executive Vice President of RBB Bancorp (RBB), exercised/converted derivatives on January 16, 2026. The filing reports acquisition of 842 shares at $21.56 per share (total cash paid $18,154). A second related entry shows 842 shares reported as acquired at $0.00, reflecting conversion/settlement of a derivative instrument (e.g., restricted stock unit/performance unit settlement) rather than a cash purchase. This is an amended Form 4 clarifying previous reporting errors for RSUs/PSUs.

Key Details

• Transaction date: 2026-01-16 (filed/amended: 2026-01-22).
• Paid: 842 shares at $21.56 each (total $18,154); plus 842 shares reported at $0.00 (derivative conversion/settlement).
• Shares owned after transaction: not specified in the excerpt provided; see the full Form 4 for total holdings.
• Notable footnotes: multiple RSU and PSU grants with staggered vesting schedules (see F1–F7). PSUs vest conditionally on performance and continued employment; some PSUs can vest up to 150% of target. F8 notes a prior administrative omission (May 12, 2025 filing) that overstated May 8, 2025 grants and clarifies RSUs/PSUs will be settled in common stock. Remarks correct an RSU count from the 03/20/2024 grant (should be 2,652 not 2,143).
• Filing status: This is an amended Form 4 filed six days after the transaction date, indicating a correction to prior reporting (the gap suggests the original report required amendment).

Context

• For retail investors: an "M" code indicates exercise or conversion of a derivative. The $21.56 entry shows a cash exercise (insider paid the exercise price); the $0.00 entry represents shares received via conversion/settlement of compensation awards (no cash outlay).
• The amendment and footnotes emphasize that many of these shares stem from time- and performance-based awards that vest over multi-year schedules; vesting is often contingent on continued employment and, for PSUs, achievement of performance targets. These grant conversions are routine compensation events and do not necessarily signal a change in the insider’s view of the company.