Pannu Geraldine 4

What Happened
Geraldine Pannu, a director of RBB Bancorp (RBB), had restricted stock units (RSUs) vest and convert into common shares on May 21, 2026. The filing shows a grant/award of 2,546 RSUs (code A) and conversion/exercise-type entries (code M) totaling 2,546 shares (1,846 and 700). All transactions report $0.00 per share because RSUs convert on a one-for-one basis with no purchase price. The filing also records dispositions of 1,846 and 700 shares on the same date; the disposition and conversion counts match the vesting amounts.

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026 (filed after the transaction date).
• Shares involved: 2,546 RSUs awarded/converted total (1,846 vested immediately from the 2026 grant; 700 vested from a prior 2025 grant).
• Prices: $0.00 per share reported (standard for RSU conversions).
• Dispositions: The filing shows dispositions of 1,846 and 700 shares on the same date as the conversions. The filing does not explicitly state the reason for those dispositions.
• Footnotes: F1 notes RSUs convert one-for-one to common stock. F2/F3 describe the grant and vesting schedules (May 21, 2025 grant had 700 vest on its one-year anniversary; May 21, 2026 grant had 1,846 immediately vested and 700 to vest one year later).
• Shares owned after transaction: Not stated in the excerpt of this filing.

Context

• These entries reflect RSU vesting/conversion rather than an open-market buy or sale. RSU conversions are common compensation events for executives and directors.
• The matched conversion and disposition amounts are often (but not always) related to withholding or transfer arrangements; the Form 4 here does not explicitly label the dispositions as tax withholding.
• The Form 4 was filed five days after the transaction (May 26 for a May 21 event), which is later than the usual two-business-day reporting window for Form 4s.