Fan Gary 4

4 · RBB Bancorp · Filed May 1, 2026

AI-generated summary of this filing

Updated May 1, 2026

RBB Bancorp EVP Gary Fan Exercises Options, Sells Shares

What Happened

Gary Fan, EVP and Chief Operations Officer of RBB Bancorp (RBB), completed a cashless exercise of 6,000 stock options on April 29, 2026 (exercise price $21.17, total exercise cost $127,020) and immediately sold the 6,000 issued shares in an open-market sale at $24.04 per share for proceeds of $144,234. The filing reports the exercise (derivative M) and the sale (S).

Key Details

Transaction date: 2026-04-29.
Exercise: 6,000 options exercised @ $21.17 = $127,020 (derivative transaction).
Sale: 6,000 shares sold @ $24.04 = $144,234 (open-market sale).
Net proceeds (sale minus exercise cost): $17,214.
Filing date / timeliness: Report filed 2026-05-01 (appears timely for a Form 4 reporting April 29 transactions).
Shares owned after transaction: Not specified in the provided summary of the filing.
Remarks/footnote: Reported as a cashless exercise of 6,000 options with immediate sale of the issued shares.

Context

This was a cashless option exercise followed by an immediate sale of the shares — a common way for insiders to cover exercise costs and taxes. Sales like this are often routine liquidity or tax-management transactions and do not, by themselves, signal management’s outlook on the company. The filing also includes footnotes indicating remaining options, restricted stock units, and performance stock units with vesting schedules through 2027 and performance/ employment conditions for certain PSUs.

Form 4

Period: 2026-04-29

EVP/Chief Operations Officer

Transactions

Exercise/Conversion
Stock Options
2026-04-29$21.17/sh+6,000$127,020→ 7,437 total
Sale
Common Stock, No Par Value
2026-04-29$24.04/sh−6,000$144,234→ 1,437 total
Exercise/Conversion
Options
[F1]
2026-04-29$21.17/sh−6,000$127,020→ 12,000 total
Exercise: $21.17Exp: 2032-12-20→ Stock Options (18,000 underlying)

Holdings

Restricted Stock Units
[F2][F3]
Exercise: $0.00→ Common Stock (1,011 underlying)
1,011
Restricted Stock Units
[F4][F3]
Exercise: $0.00→ Common Stock (1,314 underlying)
1,314
Performance Stock Units
[F5][F3]
Exercise: $0.00→ Common Stock (5,916 underlying)
5,916
Restricted Stock Units
[F6][F3]
Exercise: $0.00→ Common Stock (4,356 underlying)
4,356
Performance Stock Units
[F7][F3]
Exercise: $0.00→ Common Stock (6,534 underlying)
6,534

Footnotes (7)

[F1]These remaining options vest in two equal annual installments on 12/05/2026 and 12/05/2027.
[F2]These remaining restricted stock units vest on 02/21/2027.
[F3]There will be no expiration date once restricted stock units vest.
[F4]These remaining restricted stock units vest on 03/20/2027.
[F5]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.
[F6]These remaining restricted stock units vest in two equal installments on 05/08/2026 and 05/08/2027.
[F7]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.

Signature

/s/ Gary Fan|2026-05-01

1 file