Form 4: OP Bancorp CEO Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
OP Bancorp CEO Min Kim exercised stock options and disposed of shares on April 1, 2024.
Summary
- On April 1, 2024, Min Kim, the CEO of OP Bancorp, exercised stock options to acquire 60,000 shares of common stock at a price of $8 per share.
- Following the exercise of the options, Kim disposed of 30,769 shares of common stock at a price of $10.4 per share.
- After these transactions, Kim directly owns 596,879 shares of OP Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock option exercises and share disposals. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing reflects the standard practice of executives exercising stock options and managing their personal investment portfolios. It's a routine disclosure required by the SEC to ensure transparency in insider trading.
Key Dates
| Date | Description |
|---|---|
| 04/01/2015 | First anniversary of the date on which the option was granted, when the option became exercisable in seven equal annual installments. |
| 04/01/2024 | Date of transaction: CEO exercised stock options and disposed of shares. |
| 04/03/2024 | Date of signature on the SEC Form 4 filing. |
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