Fan Gary 4
Research Summary
AI-generated summary
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.