Form 4: Hope Bancorp Director Donald Byun Reports Stock Transactions

Director Donald Byun reports acquisition of restricted stock units and indirect ownership of common stock in Hope Bancorp.

Summary

• On July 3, 2024, Donald Byun, a director of Hope Bancorp Inc., acquired 5,994 restricted stock units (RSUs) at a price of $10.51 per share.
• These RSUs will vest either on the one-year anniversary of the grant date or the date of the next Hope Bancorp stockholders meeting, whichever is earlier.
• Byun also indirectly owns 477,728 shares of common stock through a family trust.
• Byun also owns 20,000 non-qualified stock options that were granted on September 1, 2016, and fully vested as of September 1, 2018, with an exercise price of $17.18.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, indicating neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Next Steps

• The RSUs will vest either on the one-year anniversary of the grant date or the date of the next Hope Bancorp stockholders meeting, whichever is earlier.

Key Dates