Bennett Bill 4

What Happened

• Bill Bennett, a director of RBB Bancorp (RBB), had 700 restricted stock units (RSUs) vest and convert into 700 common shares on May 21, 2026. The Form 4 shows a simultaneous acquisition (conversion) of 700 shares and a disposition of 700 shares, both reported at $0.00. This was a conversion/vesting event rather than an open-market buy or sell.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed five days after the transaction).
• Transaction code: M (exercise or conversion of a derivative) for both the acquisition and disposition entries.
• Price reported: $0.00 for both entries; total reported cash value $0.
• Shares owned after transaction: not stated in the information provided.
• Relevant footnotes from the filing:
  • F1: RSUs convert into common stock on a one-for-one basis.
  • F2: On May 21, 2025, Bennett was granted 3,421 RSUs — 2,721 vested immediately and 700 vested on the one-year anniversary (the 700 that vested on 2026-05-21).
• Timeliness: The Form 4 was filed five days after the transaction; that is later than the typical 2-business-day reporting window for insiders.

Context

• This was a vesting/conversion of previously granted RSUs, not an open-market purchase or sale. The filing shows the converted shares were also disposed of the same day; the filing does not state the reason for the disposition (e.g., tax withholding or transfer). Such RSU vesting events are routine compensation actions and do not by themselves indicate a buy or sell decision in the market.