Chang Ashley 4

What Happened
Ashley Chang, Executive Vice President of RBB Bancorp (RBB), had 667 restricted stock units (RSUs) vest and convert into 667 common shares on Feb 20, 2026. The gross market value of the shares at the reporting price ($22.20) was $14,807. To satisfy tax withholding obligations, 275 of those shares were surrendered (disposed) with a withheld value of $6,105, leaving a net receipt of 392 shares (net value ≈ $8,702).

Key Details

• Transaction date: February 20, 2026. Filing date: February 24, 2026. (Filing does not indicate a late-report designation.)
• Price used for valuation/withholding: $22.20 per share.
• Shares acquired on vesting: 667 (gross value $14,807). Shares withheld for taxes: 275 (value $6,105). Net shares received: 392 (≈ $8,702).
• Shares owned after transaction: not specified in the provided filing.
• Relevant footnotes: F4 — these RSUs vest in three equal annual installments beginning one year after the 02/21/2024 grant date. F6 — prior Form 4 (filed May 12, 2025) was amended for an administrative error and to clarify RSU settlement in common stock.
• Transaction codes in the filing: M = conversion/exercise of derivative (RSU conversion to common stock); F = shares surrendered to satisfy tax withholding.

Context
This was an RSU vesting event (award conversion), not an open-market purchase or a proactive sale for investment reasons. The withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a change in insider sentiment. The filing shows the mechanics: RSUs converted to common shares and a portion was surrendered for tax withholding.