RBB Bancorp·4/A

Jan 22, 7:45 PM ET

Yeh Jeffrey 4/A

Research Summary

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Updated

RBB Bancorp EVP Jeffrey Yeh Exercises 2,652 Shares

What Happened Jeffrey Yeh, Executive Vice President of RBB Bancorp (RBB), converted/converted 2,652 derivative awards into common shares on March 21, 2025. The filing shows 1,326 shares recorded as acquired at $17.07 per share (total $22,635). Separately, 475 shares were surrendered to cover tax withholding (reported value ~$8,108). Another 1,326-share line was reported as a derivative conversion with $0.00 price (reported as disposed on the form). This transaction reflects vesting/conversion and routine tax withholding rather than an open-market sale.

Key Details

  • Transaction date: 2025-03-21 (Period of report: 2025-03-20); filing amended on 2026-01-22 (late/amended filing).
  • Reported lines:
    • M (exercise/conversion): 1,326 shares acquired @ $17.07 = $22,635.
    • F (tax withholding): 475 shares surrendered @ $17.07 = ~$8,108.
    • M (exercise/conversion): 1,326 shares reported disposed @ $0.00 (derivative line).
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Footnotes (high level):
    • F1: No expiration date once RSUs vest.
    • F2–F4: Certain restricted stock units (RSUs) vest in three equal annual installments beginning on grant dates 01/18/2023, 02/21/2024, and 03/20/2024.
    • F5: Some performance stock units (PSUs) vest conditionally after a three‑year performance/employment period beginning 03/20/2024.
  • Filing notes: This is an amended filing to correct RSU counts (remark: should be 2,652 not 2,143). The amendment was filed considerably after the reported transaction date.

Context

  • The transactions appear to be vesting/conversion of restricted/performance awards with shares surrendered to satisfy tax withholding — a routine administrative step (cashless withholding), not an open-market sale or purchase signal.
  • Transaction codes: M = exercise/conversion of a derivative; F = payment of exercise price or tax liability (withholding).
  • Because the filing was amended and filed late, retail investors should note the timing lag when using this for trading or sentiment analysis.