Form 4: RBB Bancorp Director Morris Vests RSUs

RBB Bancorp Director David Morris reported the vesting of 2,602 restricted stock units and the disposition of 1,015 shares for tax withholding.

Summary

• David Morris, a Director at RBB Bancorp, reported transactions related to his equity compensation.
• On January 16, 2026, 2,602 restricted stock units (RSUs) from a January 18, 2023 grant vested.
• These vested RSUs were converted into common stock at a price of $21.56 per share.
• Concurrently, 1,015 shares were disposed of at $21.56 per share to cover tax withholding obligations associated with the RSU vesting.
• Following these transactions, Morris beneficially owns 44,635 shares of RBB Bancorp Common Stock.
• Morris still holds unvested RSUs from grants on February 21, 2024 (4,450 units) and March 20, 2024 (6,328 units).

Sentiment

Score: 5

Explanation: This is a neutral, routine insider transaction related to equity compensation. It reflects neither positive nor negative operational performance or strategic shifts for the company.

Positives

• Director David Morris's beneficial ownership of 44,635 shares of common stock demonstrates continued alignment with shareholder interests.

Negatives

• 1,015 shares were disposed of to cover tax withholding, which is a standard practice for RSU vesting.

Risks

• NA

Future Outlook

NA

Management Comments

• NA

Industry Context

NA

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• The vesting of restricted stock units and subsequent share disposition for tax withholding are standard equity compensation transactions between the company and its director, David Morris.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and does not directly impact the company's operational performance or financial health. It slightly increases the public float as shares are issued, but also shows continued insider ownership.

Next Steps

• Future vesting events for the remaining restricted stock units granted on February 21, 2024, and March 20, 2024, will occur in installments.

Key Dates

Recommendation

This Form 4 reports a routine, scheduled vesting of restricted stock units for a director and the subsequent disposition of shares for tax withholding. Such events are standard compensation practices and do not provide new material information regarding the company's financial performance, strategic direction, or operational outlook that would warrant a change in investment recommendation. The director's continued beneficial ownership of a significant number of shares maintains alignment with shareholder interests.

Keywords

RBB Bancorp, RBB, David Morris, Form 4, SEC filing, RSU vesting, restricted stock units, insider transaction, director compensation, equity compensation