KIM MIN 4

What Happened

• Kim Min, a director of OP Bancorp (OPBK), had 3,371 restricted stock units (RSUs) convert into common shares on May 28, 2026 (reported as a derivative conversion/exercise). The filing also shows a simultaneous disposition of 3,371 shares at $0.00 (derivative), and a new grant of 2,987 RSUs on the same date (reported at $0.00). No cash value is listed in the filing for these transactions.
• These entries reflect an RSU vesting/conversion event plus a new RSU award rather than a market purchase or sale. Filings that show shares disposed at $0.00 at vesting commonly reflect share withholding or surrender to satisfy tax withholding obligations (see footnotes), not an open-market sale.

Key Details

• Transaction date: May 28, 2026. Form filed May 29, 2026 (timely filing indicated).
• Transactions reported:
  • 3,371 RSUs converted to 3,371 shares (code M: exercise/conversion of derivative).
  • 3,371 shares reported disposed at $0.00 (derivative).
  • 2,987 RSUs granted (code A: award/grant) at $0.00.
• Footnotes:
  • F1: RSUs convert to common stock one-for-one.
  • F2: The 3,371 RSUs were originally granted June 26, 2025 and vested at the 2026 annual shareholders meeting.
  • F3: The 2,987 RSUs were granted May 28, 2026 and vest at the 2027 annual shareholders meeting.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Filing timeliness: Reported the day after the transaction date; no late filing flag shown.

Context

• These transactions are RSU vesting and a new RSU grant — not a typical buy/sell that signals a trading view. The converted-and-disposed pattern is consistent with net settlement or withholding to cover taxes, which is common when equity awards vest. No cash proceeds or open-market sale is reported.