Fan Gary 4

What Happened

• Gary Fan, EVP and Chief Operations Officer of RBB Bancorp (RBB), received 1,315 shares on 2026-03-20 related to equity conversion/vesting reported in the Form 4. The filing shows a per-share value of $20.43 for those shares, totaling $26,865.
• The filing also shows 472 shares were disposed/withheld to satisfy tax withholding obligations at the same per-share value, valued at approximately $9,643. A related derivative instrument (1,315 units) was reported as converted/removed in the filing.

Key Details

• Transaction date: 2026-03-20; Form 4 filed 2026-03-24 (within the typical 2-business-day reporting window).
• Shares received: 1,315 at $20.43/share = $26,865 (reported as an acquisition).
• Shares withheld for taxes: 472 at $20.43/share ≈ $9,643 (reported as a disposition for tax withholding).
• Derivative reporting: a 1,315-unit derivative was converted/removed (reported at $0.00 on the derivative line).
• Relevant footnote/remark: shares were issued for vesting of the 03/20/2024 RSU grant and shares were disposed to settle tax withholding for that RSU vesting (see footnote/remark in the filing).
• Shares owned after the transaction: not disclosed in the excerpt provided.

Context

• This appears to be a routine equity vesting event (RSUs/converted derivative) with a customary share-withholding to cover taxes — not an open-market sale or purchase. Tax-withholding disposals are common and do not necessarily indicate a change in insider sentiment.
• Transaction codes: M typically denotes exercise/conversion of a derivative; F denotes disposition to satisfy tax withholding. The filing reports both the conversion/issuance and the withholding settlement.