LEE JOHNNY C 4
4 · RBB Bancorp · Filed Jul 22, 2026
Research Summary
AI-generated summary of this filing
RBB Bancorp CEO Johnny C. Lee Exercises RSUs, Sells Shares
What Happened
- Johnny C. Lee, President, CEO and Director of RBB Bancorp (RBB), had 5,500 restricted stock units (RSUs) convert into common shares on 2026-07-20. Of those shares, 1,974 were surrendered/withheld to cover tax obligations at $26.74 per share, generating $52,785. The RSU conversion showed an acquisition of 5,500 shares at $0 (no cash paid) and related entries that record the tax-withholding share disposition.
Key Details
- Transaction date: 2026-07-20; Form filed: 2026-07-22 (two days later).
- Conversion (derivative exercise, code M): 5,500 RSUs → 5,500 common shares at $0 per share.
- Tax withholding (code F): 1,974 shares withheld/ disposed at $26.74 each = $52,785.
- Net new shares issued to Lee from this vesting: 3,526 shares (5,500 issued − 1,974 withheld).
- Footnotes: RSUs convert 1-for-1 into common stock (F10); these shares relate to a 7/20/2023 RSU grant that vested on 07/20/2026 (F1, remarks).
- The “disposed” derivative entry reflects the cancellation/settlement of the derivative/RSU on conversion, not an open-market sale.
- Filing appears timely (filed two days after the transaction); no 10% owner or 10b5-1 plan indicated in the provided notes.
Context
- This was a routine equity award vesting and tax-withholding event (not a market purchase or discretionary sale). Such transactions commonly reflect compensation vesting, not an explicit buy/sell signal. The conversion of RSUs to shares and the withholding of a portion of those shares to cover taxes is standard practice.
Insider Transaction Report
Form 4
RBB BancorpRBB
LEE JOHNNY C
DirectorPresident/CEO
Transactions
- Exercise/Conversion
Common Stock, No Par Value
2026-07-20+5,500→ 20,169 total - Tax Payment
Common Stock, No Par Value
2026-07-20$26.74/sh−1,974$52,785→ 18,195 total - Exercise/Conversion
Restricted Stock Units
[F10][F1][F2]2026-07-20−5,500→ 0 total→ Common Stock (5,500 underlying)
Holdings
- 1,098
Restricted Stock Units
[F10][F3][F2]→ Common Stock (1,098 underlying) - 2,740
Restricted Stock Units
[F10][F4][F2]→ Common Stock (2,740 underlying) - 12,332
Performance Stock Units
[F11][F5][F2]→ Common Stock (12,332 underlying) - 8,712
Restricted Stock Units
[F10][F6][F2]→ Common Stock (8,712 underlying) - 19,602
Performance Stock Units
[F11][F7][F2]→ Common Stock (19,602 underlying) - 14,683
Performance Stock Units
[F11][F8][F2]→ Common Stock (14,683 underlying) - 9,789
Restricted Stock Units
[F10][F9][F2]→ Common Stock (9,789 underlying)
Footnotes (11)
- [F1]These remaining restricted stock units vest on 07/20/2026.
- [F10]Restricted stock units convert into common stock on a one-for-one basis.
- [F11]Performance Stock Units (PSUs) convert into common stock on a one-for-one basis ranging from 0 shares to shares equal to a number of 150% of the target number of PSUs granted.
- [F2]There will be no expiration date once restricted stock units vest.
- [F3]These remaining restricted stock units vest on 02/21/2027.
- [F4]These remaining 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 annual 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.
Signature
/s/ Johnny Lee|2026-07-22