YOON KI WON 4

What Happened

• Yoon Ki Won, a director of OP Bancorp (OPBK), had 2,408 previously granted restricted stock units (RSUs) convert into 2,408 shares on May 28, 2026. Those 2,408 shares were then disposed of at $0 (reported as a derivative disposition). On the same date he received a new grant of 2,134 RSUs (awarded at $0) that vest at the 2027 annual shareholders meeting.
• The conversions and disposals show $0 cash proceeds for the surrendered shares; the new award also has no cash value at grant. These actions are administrative (vesting/conversion and an RSU grant), not an open-market purchase or sale for cash.

Key Details

• Transaction date: May 28, 2026; Form filed May 29, 2026 (timely).
• Conversions/Dispositions: 2,408 RSUs converted to 2,408 shares (acquired), then 2,408 shares disposed at $0.00 (derivative disposition).
• New grant: 2,134 RSUs awarded on May 28, 2026 (vest at 2027 annual meeting).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: F1—RSUs convert to common stock on a one-for-one basis. F2—2,408 RSUs were granted June 26, 2025 and vested at the 2026 annual meeting. F3—2,134 RSUs were granted May 28, 2026 and vest at the 2027 annual meeting.
• Filing timeliness: Report filed one day after the transactions; appears timely under Form 4 rules.

Context

• RSU vesting and conversion is a common form of compensation for executives and directors. The reported disposal at $0 typically indicates shares were surrendered or withheld (for example, to cover tax-withholding or settlement obligations), rather than sold on the open market. Such administrative dispositions do not necessarily signal buying or selling sentiment.
• The new RSU grant is an award (not a purchase) and represents future potential ownership if vesting conditions are met. Retail investors should treat awards and tax-withholding-related surrenders differently from voluntary market sales or purchases when interpreting insider signals.