Fan Gary 4
4 · RBB Bancorp · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
RBB Bancorp (RBB) EVP Gary Fan Sells 2,368 Shares
What Happened
Gary Fan, Executive Vice President and Chief Operations Officer of RBB Bancorp (RBB), disposed of 2,368 shares on May 26, 2026 in an open-market or private sale. The reported price was $24.01 per share (remark reports $24.0147), for proceeds of roughly $56,867. This was a sale (S) transaction — typically routine insider selling rather than a purchase signal.
Key Details
- Transaction date: 2026-05-26; shares sold: 2,368; price reported: $24.01/share (remark: $24.0147); total proceeds ≈ $56,867.
- Filing date: 2026-05-27 (filed the next day for the 5/26 transaction) — appears timely.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- No 10b5-1 plan, tax-withholding, or cashless-exercise notation is indicated in the transaction line provided.
- Footnotes in the filing note multiple outstanding awards and vesting schedules (options, restricted stock units, and performance stock units) with various future vesting dates and performance/employment conditions (see F1–F9).
Context
This report documents a straight sale of common stock by an executive. Sales by insiders can be routine (diversification, taxes, or liquidity) and do not by themselves indicate company performance. The filing also shows the reporting person has a mix of time‑ and performance‑based awards that vest in future periods, some contingent on continued employment or performance targets.
Insider Transaction Report
- Sale
Common Stock, No Par Value
2026-05-26$24.01/sh−2,368$56,867→ 0 total
- 12,000
Options
[F1]Exercise: $0.00Exp: 2032-12-20→ Stock Options (12,000 underlying) - 1,011
Restricted Stock Units
[F2][F3]Exercise: $0.00→ Common Stock (1,011 underlying) - 1,314
Restricted Stock Units
[F4][F3]Exercise: $0.00→ Common Stock (1,314 underlying) - 5,916
Performance Stock Units
[F5][F3]Exercise: $0.00→ Common Stock (5,916 underlying) - 2,904
Restricted Stock Units
[F6][F3]Exercise: $0.00→ Common Stock (2,904 underlying) - 6,534
Performance Stock Units
[F7][F3]Exercise: $0.00→ Common Stock (6,534 underlying) - 4,660
Performance Stock Units
[F8][F3]Exercise: $0.00→ Common Stock (4,660 underlying) - 3,106
Restricted Stock Units
[F9][F3]Exercise: $0.00→ Common Stock (3,106 underlying)
Footnotes (9)
- [F1]These remaining options vest in two equal annual installments on 12/05/2026 and 12/05/2027.
- [F2]These remaining restricted stock units vest on 02/21/2027.
- [F3]There will be no expiration date once restricted stock units vest.
- [F4]These remaining restricted stock units vest on 03/20/2027.
- [F5]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.
- [F6]These remaining restricted stock units vest in two equal installments on 05/08/2027 and 05/08/2028.
- [F7]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.
- [F8]Performance Stock Units ("PSUs") to vest conditionally on the achievement of certain performance goals to occur after December 31, 2028, and before March 14, 2029, 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 certification by the Board of Directors subject to the Reporting Person's satisfaction of the employment condition.
- [F9]These restricted stock units vest in three equal annual installments beginning one year after the 05/13/2026 date of grant.