OH Sang Kyo 4

What Happened

• Oh Sang Kyo, CEO of OP Bancorp (OPBK), reported the conversion/vesting of 9,000 restricted stock units (RSUs) into 9,000 shares on June 24, 2026 (transaction code M).
• The filing also shows a simultaneous disposition of 9,000 shares at $0.00. The report lists no cash proceeds or dollar value for the acquired shares.

Key Details

• Transaction date: 2026-06-24; Form 4 filed 2026-06-25 (timely).
• Transaction code: M (exercise or conversion of a derivative security — here, RSU conversion).
• Acquired: 9,000 shares via RSU conversion (price N/A). Disposed: 9,000 shares at $0.00.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: F1 — RSUs convert 1-for-1 to common stock. F2 — These 9,000 shares represent one of five equal annual installments from a 45,000-RSU grant dated 2021-06-24.
• The filing does not explicitly state the reason for the $0.00 disposition; filings like this commonly reflect net share settlement or withholding to cover taxes, but the form gives no explicit explanation.

Context

• This was not an open-market buy or sell that signals a market-direction trade; it appears to be routine vesting/settlement of an equity award. Such conversions are typically administrative (vesting and possible withholding) rather than discretionary purchases or sales.