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OP Bancorp·4

Jul 1, 8:16 PM ET

OH Sang Kyo 4

Research Summary

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Updated

OP Bancorp (OPBK) CEO OH Sang Kyo Receives 5,865 Shares

What Happened
OH Sang Kyo, CEO of OP Bancorp (OPBK), had 5,865 restricted stock units (RSUs) vest and convert into 5,865 shares on July 1, 2026 (reported as a derivative exercise/conversion). The filing also reports a simultaneous disposal of 5,865 shares at $0.00 (derivative), which typically reflects shares withheld to satisfy tax withholding obligations rather than an open-market sale.

Key Details

  • Transaction date: 2026-07-01. Transaction code: M (exercise/conversion of derivative).
  • Shares acquired on conversion: 5,865 (price N/A). Shares disposed: 5,865 at $0.00 (total value reported $0).
  • Shares owned after the transaction: Not disclosed in the provided filing.
  • Footnotes: F1 — RSUs convert one-for-one to common stock. F2 — These RSUs were from a July 1, 2025 grant of 29,326 RSUs vesting in five equal annual installments (5,865 each).
  • Filing timeliness: No late filing indicated in the provided data.

Context
This was a scheduled RSU vesting event (an award converting to stock), not an open-market sale or purchase. The zero-dollar disposal is commonly how companies report share withholding to cover taxes; such withholding does not indicate a CEO-initiated sale in the market.