Fan Gary 4

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.