Fan Gary 4

What Happened

• Gary Fan, EVP & Chief Operations Officer of RBB Bancorp, had 1,011 shares issued on conversion/vesting of a derivative award on Feb 20, 2026 (reported value $22.20 per share; $22,444 total). Simultaneously, 417 shares were disposed (sold/withheld) to satisfy tax withholding obligations at the same price (417 × $22.20 = $9,257). Net delivery to the insider was 594 shares (1,011 issued less 417 withheld), worth roughly $13,187 at $22.20/share.
• The filing shows the issuance/conversion as a derivative transaction (code M) and the share disposition to cover taxes as code F (payment of exercise price or tax liability).

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-24 (timely — within the two-business-day window).
• Prices and values: 1,011 shares issued at $22.20 ($22,444); 417 shares withheld/sold at $22.20 ($9,257); net 594 shares retained ($13,187).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote/remark: These shares were issued for vesting of the 02/21/2024 RSU grant and some shares were surrendered to settle tax withholding for that RSU vesting (see footnote F2).
• Transaction codes: M = exercise/conversion of derivative (vesting/conversion of RSUs/awards); F = shares disposed to cover tax liability.

Context

• This appears to be a routine vesting/conversion of restricted stock units (RSUs) with a portion of the grant withheld/sold to cover taxes (common administrative practice), not an open-market purchase or an indication of a trading decision.
• For retail investors, vesting and tax-withholding sales are generally administrative and do not necessarily signal insider sentiment about the company’s prospects.