HOPKINS LYNN M 4
4 · RBB Bancorp · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
RBB Bancorp (RBB) EVP/CFO Lynn M Hopkins Exercises Options, Sells Shares
What Happened Lynn M. Hopkins, EVP and CFO of RBB Bancorp (RBB), had 2,339 shares issued on 2026-05-08 upon exercise/conversion of a derivative (reported as an exercise/conversion). The shares had a reported value of $24.05 each (total $56,253). To satisfy tax withholding obligations, 840 of those shares were disposed/withheld at the same $24.05 price (value $20,202), leaving a net increase of 1,499 shares (net value about $36,051).
Key Details
- Transaction date: 2026-05-08.
- Acquired: 2,339 shares @ $24.05 (total $56,253) — reported as exercise/conversion (code M).
- Disposed (tax withholding): 840 shares @ $24.05 (total $20,202) — tax withholding (code F).
- Net new shares retained: 1,499 shares (2,339 − 840), net value ≈ $36,051.
- Filing notes/footnotes: Several RSU/PSU vesting schedules and performance vesting conditions are disclosed (see F1–F6); the remark says these shares were issued for vesting of the 5/08/2025 RSU grant and some shares were disposed to settle tax withholding.
- Shares owned after the transaction: not specified in this filing.
- Timeliness: Filing period and filing date are both 2026-05-08 (no late filing flag indicated).
Context This was not an open-market buy or sell for investment purposes but issuance from equity awards (exercise/conversion of derivatives/RSUs) with shares withheld to cover taxes — a routine administrative outcome when restricted stock units or similar awards vest. The filing also references prior and remaining award vesting schedules (including conditional PSUs and future RSU vesting dates).
Insider Transaction Report
- Exercise/Conversion
Common Stock, No Par Value
2026-05-08$24.05/sh+2,339$56,253→ 7,109 total - Tax Payment
Common Stock, No Par Value
2026-05-08$24.05/sh−840$20,202→ 6,269 total - Exercise/Conversion
Restricted Stock Units
[F5][F1]2025-05-08−2,339→ 4,678 totalExercise: $24.05→ Common Stock (7,017 underlying)
- 1,878
Restricted Stock Units
[F2][F1]Exercise: $0.00→ Common Stock (1,878 underlying) - 8,451
Performance Stock Units
[F3][F1]Exercise: $0.00→ Common Stock (8,451 underlying) - 5,749
Restricted Stock Units
[F4][F1]Exercise: $0.00→ Common Stock (5,749 underlying) - 10,524
Performance Stock Units
[F6][F1]Exercise: $0.00→ Common Stock (10,524 underlying)
Footnotes (6)
- [F1]There will be no expiration date once restricted stock units vest.
- [F2]These remaining restricted stock units vest on 03/20/2027.
- [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 remaining restricted stock units vest in three equal annual installments on 04/22/2027, 04/22/2028 and 04/22/2029.
- [F5]These remaining restricted stock units vest in two equal annual installments on 05/08/2027 and 05/08/2028.
- [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.