Fan Gary 4

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.