HOPKINS LYNN M 4
4 · RBB Bancorp · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
RBB Bancorp CFO Lynn M. Hopkins Receives 1,917 Shares; 688 Withheld
What Happened
Lynn M. Hopkins, EVP and CFO of RBB Bancorp (RBB), received 1,917 shares on 2026-04-22 upon conversion/vesting of restricted stock units (RSUs). The filing reports a gross value of $46,257 (1,917 shares × $24.13). To satisfy tax withholding on the vesting, 688 of those shares were surrendered/withheld (disposed) at $24.13 per share for $16,601. This was an award/vesting event (not an open-market purchase) and the withholding is a routine tax settlement.
Key Details
- Transaction date: 2026-04-22 (filed same day).
- Acquired: 1,917 shares from RSU conversion; reported values include $0 exercise price for the derivative conversion and $46,257 based on $24.13/share. (Form shows both a $0 conversion entry and a $24.13 per-share value entry.)
- Disposed (tax withholding): 688 shares at $24.13 = $16,601.
- Shares owned after transaction: not specified in this filing.
- Relevant footnote/remark: shares were issued for vesting of the 04/22/2024 RSU grant; the disposition was to settle tax withholding (see footnote F4 and the filing remark).
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability (share withholding).
Context
This was a vesting/settlement event, not a buy or directional sale by the insider. RSU conversions typically have no exercise price (reported here as $0) and companies often withhold some shares to pay taxes (a cashless settlement). Such withholding is routine and does not necessarily indicate the insider’s view on the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock, No Par Value
2026-04-22$24.13/sh+1,917$46,257→ 5,458 total - Tax Payment
Common Stock, No Par Value
2026-04-22$24.13/sh−688$16,601→ 4,770 total - Exercise/Conversion
Restricted Stock Units
[F4][F1][F7]2026-04-22+1,917→ 5,749 totalExercise: $24.13→ Common Stock (7,666 underlying)
- 1,878
Restricted Stock Units
[F2][F1][F7]Exercise: $0.00→ Common Stock (1,878 underlying) - 8,451
Performance Stock Units
[F3][F1][F7]Exercise: $0.00→ Common Stock (8,451 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.