HOPKINS LYNN M 4
4 · RBB Bancorp · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
RBB Bancorp (RBB) EVP/CFO Lynn Hopkins Receives 1,878 Shares
What Happened
Lynn M. Hopkins, EVP and CFO of RBB Bancorp (RBB), had 1,878 restricted stock units (RSUs convert/vest) on 2026-03-20. The vesting was reported as an exercise/conversion of a derivative (code M) with a gross value of $38,368 based on a $20.43 share price. To satisfy tax withholding obligations (code F), 674 of those shares were surrendered (valued at $13,770), leaving Hopkins with a net issuance of about 1,204 shares (net value ≈ $24,598).
Key Details
- Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (timely filing).
- Reported transactions: M = conversion/vesting of 1,878 RSUs @ $20.43 (gross $38,368); F = 674 shares withheld for taxes @ $20.43 (value $13,770). An additional M line shows conversion/disposition of the derivative instrument (administrative reporting of the RSU conversion).
- Net shares received: ~1,204 shares (1,878 vested − 674 withheld). Net value ≈ $24,598.
- Shares owned after transaction: not specified in the filing provided.
- Relevant footnote: These shares relate to the 03/20/2024 RSU grant, which vests per the award’s schedule (vesting in three equal annual installments beginning one year after 03/20/2024). Once RSUs vest they have no expiration.
- Transaction codes explained: M = exercise/conversion of derivative (RSU vesting here); F = payment of exercise price or tax withholding (shares surrendered to cover taxes).
Context
This was a routine equity compensation vesting event (RSUs converting into common shares) rather than an open-market buy or sale. The partial disposal of shares was solely to cover tax withholding and is common in executive compensation settlements; it does not necessarily indicate any change in the insider’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock, No Par Value
2026-03-20$20.43/sh+1,878$38,368→ 4,215 total - Tax Payment
Common Stock, No Par Value
2026-03-20$20.43/sh−674$13,770→ 3,541 total - Exercise/Conversion
Restricted Stock Units
[F2][F1][F7]2026-03-20−1,878→ 1,878 totalExercise: $20.43→ Common Stock (3,756 underlying)
- 8,451
Performance Stock Units
[F3][F1][F7]Exercise: $0.00→ Common Stock (8,451 underlying) - 7,666
Restricted Stock Units
[F4][F1][F7]Exercise: $0.00→ Common Stock (7,666 underlying) - 7,017
Restricted Stock Units
[F5][F1][F7]Exercise: $0.00→ Common Stock (7,017 underlying) - 10,524
Performance Stock Units
[F6][F1][F7]Exercise: $0.00→ Common Stock (10,524 underlying)
Footnotes (7)
- [F1]There will be no expiration date once restricted stock units vest.
- [F2]These restricted stock units vest in three equal annual installments beginning one year after the 03/20/2024 date of grant.
- [F3]These performance stock units ("PSUs") will vest conditionally on the achievement of certain performance goals and an employment condition. The reported PSUs will vest at the expiration of a three-year period beginning on 03/20/2024 subject to the Reporting Person's satisfaction of the employment condition.
- [F4]These restricted stock units vest in five equal annual installments beginning one year after the 04/22/2024 date of grant.
- [F5]These restricted stock units vest in three equal annual installments beginning one year after the 05/08/2025 date of grant
- [F6]Performance Stock Units ("PSUs") to vest conditionally on the achievement of certain performance goals and an employment condition. The PSUs are awarded at a target level and have the opportunity to vest at 150% of such target level; The reported PSUs represent the maximum award that may be achieved and ultimately vest. The reported PSUs will vest at the expiration of a three-year period beginning on 05/08/2025 subject to the Reporting Person's satisfaction of the employment condition.
- [F7]On May 12, 2025 due to an administrative error, the Reporting Person filed a Form 4 which inadvertently omitted information from the transactional columns in Table II and overstated the amount of RSUs and PSUs granted to the Reporting Person on May 8, 2025. The Form 4 has also been amended to clarify that grants of RSUs and PSUs will be settled in common stock.