Franko Robert 4

What Happened

Robert Franko, a director of RBB Bancorp (RBB), had restricted stock units (RSUs) vest and convert into common shares and received a new RSU award on May 21, 2026. The filing shows he acquired 700 shares and 2,162 shares (total 2,862 shares) at $0.00 through conversion/exercise of derivative awards, and a contemporaneous grant/award of 2,862 RSUs (2,162 vested immediately; 700 vest in one year). All transactions were at $0.00 per share (compensation/vesting events), so no purchase price or cash changed hands.

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026 (filed one business day late vs. the usual 2-business-day Form 4 deadline).
• Transactions recorded: conversion/exercise of RSUs into 2,862 common shares (700 + 2,162) and grant of 2,862 new RSUs (2,162 immediately vested, 700 vest on 1-year anniversary).
• Price: $0.00 per share (ordinary vesting/conversion of equity awards).
• Footnotes: F1 = RSUs convert 1-for-1 into common stock. F2/F3 detail prior and current grants and vesting schedules (May 21, 2025 grant and May 21, 2026 grant).
• Shares owned after transaction: Not specified in the supplied excerpt of the filing.

Context

• These were compensation/vesting and award transactions (grant/conversion of RSUs), not open-market purchases or sales; they generally reflect standard equity compensation rather than a market-direction signal.
• For clarity: an "exercise/conversion (M)" here means the derivative (RSU) converted into common stock; the new "grant/award (A)" reflects the RSU award terms and vesting schedule.