Fan Gary 4

4 · RBB Bancorp · Filed May 8, 2026

AI-generated summary of this filing

Updated May 9, 2026

RBB Bancorp EVP Gary Fan Exercises Options, Sells Shares for Taxes

What Happened

Gary Fan, EVP and Chief Operations Officer of RBB Bancorp (RBB), exercised stock options on 2026-05-08 to acquire 1,452 shares at an exercise price of $24.05 per share, valued at $34,921.
To satisfy tax withholding obligations, 521 of those shares were surrendered (disposed) at the same exercise price, representing $12,530 in tax withholding. The filing shows a derivative conversion/settlement entry related to the exercise as well.

Key Details

Transaction date: 2026-05-08. Exercise price: $24.05 per share. Acquired: 1,452 shares (total value $34,921). Withheld/disposed for taxes: 521 shares (value $12,530).
Transaction codes: M = option exercise/conversion; F = tax withholding (share surrender).
Shares owned after the transaction: not disclosed in the provided data.
Footnotes / notable plan details: remaining awards have scheduled vesting dates (various RSU and PSU schedules as noted in the filing). PSUs are performance-based and subject to time/employment conditions; some RSUs/PSUs vest in future years (see F1–F7). The filing remark notes these shares relate to RSU vesting and settlement of tax withholding obligations.
Filing timeliness: Reported for the same date as the transactions (no late filing indicated).

Context

This was an option exercise combined with a standard tax-withholding surrender of shares — a routine compensation-related transaction rather than an open-market buy or sell. The surrender of 521 shares to cover taxes is a common way companies settle withholding obligations and does not necessarily signal insider market views.

Form 4

Period: 2026-05-08

EVP/Chief Operations Officer

Transactions

Exercise/Conversion
Common Stock, No Par Value
2026-05-08$24.05/sh+1,452$34,921→ 2,889 total
Tax Payment
Common Stock, No Par Value
2026-05-08$24.05/sh−521$12,530→ 2,368 total
Exercise/Conversion
Restricted Stock Units
[F6][F3]
2026-05-08−1,452→ 2,904 total
Exercise: $24.05→ Common Stock (4,356 underlying)

Holdings

Options
[F1]
Exercise: $0.00Exp: 2032-12-20→ Stock Options (12,000 underlying)
12,000
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
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 05/08/2027 and 05/08/2028.
[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|2026-05-08

1 file