Johnny Lee - Jul 22, 2024 Form 4 Insider Report for RBB Bancorp (RBB)

Role
Pres / Chief Banking Officer
Signature
/s/ Johnny Lee
Stock symbol
RBB
Transactions as of
Jul 22, 2024
Transactions value $
$79,087
Form type
4
Date filed
7/24/2024, 04:39 PM
Previous filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBB Common Stock, No Par Value Options Exercise $123K +5.5K $22.36 5.5K Jul 22, 2024 Direct
transaction RBB Common Stock, No Par Value Tax liability -$43.9K -1.96K -35.69% $22.36 3.54K Jul 22, 2024 Direct
holding RBB Common Stock, No Par Value 0 Jul 22, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RBB Restricted Stock Units Options Exercise $0 -5.5K -33.33% $0.00 11K Jul 22, 2024 Restricted Stock Units 16.5K $0.00 Direct F1, F2
holding RBB Restricted Stock Units 3.29K Jul 22, 2024 Restricted Stock Units 3.29K $0.00 Direct F2, F3
holding RBB Restricted Stock Units 8.22K Jul 22, 2024 Restricted Stock Units 8.22K $0.00 Direct F2, F4
holding RBB Performance Stock Units 12.3K Jul 22, 2024 Performance Stock Units 12.3K $0.00 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units vest in three equal annual installments beginning one year after the 07/20/2023 date of grant.
F2 There will be no expiration date once restricted stock units vest.
F3 These restricted stock units vest in three equal annual installments beginning one year after the 02/21/2024 date of grant.
F4 These restricted stock units vest in three equal annual installments beginning one year after the 03/20/2024 date of grant.
F5 These performance stock units ("PSUs") will vest conditionally on the achievement of certain performance goals and an employment condition. The reported PSUs will vest at the expiration of a three-year period beginning on 03/20/2024 subject to the Reporting Person's satisfaction of the employment condition.

Remarks:

Johnny Lee was granted 16,500 RSU's on 7/20/2023 to vest over three yearly installments. First vesting of 5,500 issued on 7/22/2024 (first business day after vesting date)