Bang Jimmy M 4

What Happened

• Jimmy M. Bang, Chief Lending Officer of OP Bancorp (OPBK), received 1,020 shares when restricted stock units vested on March 31, 2026.
• Of the 1,020 vested shares, 326 shares were withheld to satisfy tax withholding at $13.30 per share (total withheld = $4,336). The net shares delivered to Mr. Bang were 694.
• The filing shows the RSU conversion (derivative conversion code M) and the tax withholding (code F). This was vesting of a compensation award, not an open-market purchase or discretionary sale.

Key Details

• Transaction date: 2026-03-31 (filed 2026-04-01; filing appears timely).
• Vesting/Conversion: 1,020 shares converted from RSUs (reported as derivative conversion, code M).
• Tax withholding: 326 shares withheld at $13.30/share for a total of $4,336 (code F).
• Net shares delivered to insider: 694 (1,020 vested − 326 withheld).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — RSUs convert 1-for-1 to common shares. F2 — The RSUs were part of a grant of 5,100 RSUs on March 31, 2025, vesting in five equal annual installments (1,020 shares per year).

Context

• This was a routine equity compensation vesting event (RSU conversion), not a market purchase or sale intended to express sentiment. The withholding of shares for taxes is a common administrative step (share retention), not an open-market sale.
• Transaction codes: M indicates conversion/exercise of a derivative (here, RSU conversion); F indicates shares withheld to satisfy tax obligations.