Yeh Jeffrey 4

What Happened

• Jeffrey Yeh, Executive Vice President of RBB Bancorp (RBB), had restricted stock units (RSUs) convert into 922 shares on 2026-02-20 (reported 2026-02-24). The conversion is reported as a derivative exercise and the 922 shares are valued at $22.20 each (total ~$20,468). To satisfy tax withholding for the vesting, 380 shares were surrendered/disposed at the same $22.20 price (proceeds ~ $8,436).
• The filing shows the RSU conversion (derivative) and the tax-withholding share disposition; this is an award/vesting event rather than an open-market purchase or intentional sale for investment.

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-24 (timely).
• Shares issued on vesting: 922 shares at $22.20 (value ≈ $20,468).
• Shares withheld/surrendered for taxes: 380 shares at $22.20 (value ≈ $8,436).
• “M” code: conversion/exercise of a derivative (RSU settlement); “F” code: payment of tax liability via share disposition.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Relevant footnotes: RSUs have no expiration once vested (F1); these RSUs vest in three equal annual installments beginning one year after the 02/21/2024 grant date (F2). Remarks confirm shares were issued for vesting of the 2/21/2024 RSU grant and some shares were disposed to cover tax withholding.

Context

• This was a standard vesting/settlement of RSUs. The surrender of 380 shares to cover taxes is a routine tax-withholding action and not a market-sale indicating a change in investment view.
• The filing is timely (filed within the required reporting window). The derivative entry at $0 reflects the RSU-to-stock conversion rather than a cash option exercise.