4/A: RBB Bancorp EVP Amends Stock Ownership Disclosure

Jeffrey Yeh, EVP of RBB Bancorp, filed an amended Form 4 to correct previously reported restricted stock unit holdings.

Summary

• Jeffrey Yeh, Executive Vice President of RBB Bancorp, filed an amendment to his Statement of Changes in Beneficial Ownership (Form 4/A).
• The amendment corrects the number of remaining Restricted Stock Units (RSUs) from a grant dated March 20, 2024, from 2,143 to 2,652.
• On March 21, 2025, Mr. Yeh acquired 1,326 shares of Common Stock at a price of $17.07 per share through the exercise/conversion of derivative securities.
• Concurrently, 475 shares of Common Stock were disposed of at $17.07 per share to cover tax liabilities related to the transaction.
• Following these transactions, Mr. Yeh directly beneficially owns 56,800 shares of Common Stock.
• He also holds 842 Restricted Stock Units granted on January 18, 2023, vesting in three equal annual installments.
• An additional 1,843 Restricted Stock Units were granted on February 21, 2024, also vesting in three equal annual installments.
• The corrected 2,652 Restricted Stock Units from the March 20, 2024 grant vest in three equal annual installments.
• Mr. Yeh holds 5,967 Performance Stock Units (PSUs) granted on March 20, 2024, which vest conditionally on performance goals and employment over a three-year period.

Sentiment

Score: 5

Explanation: The filing is neutral as it is a routine amendment to correct an insider's beneficial ownership report, with no direct positive or negative implications for the company's operational or financial performance.

Future Outlook

The filing details the vesting schedules for various equity awards, indicating future potential share acquisitions for the reporting person upon meeting vesting conditions, including performance goals for PSUs.

Management Comments

• The amendment was filed 'To correct remaining RSUs from 3/20/2024 grant. Should be 2652 not 2143.'

Industry Context

This is a routine insider transaction filing for an executive at a financial institution (RBB Bancorp). Such filings are standard disclosures required by the SEC for officers, directors, and significant shareholders, providing transparency into their holdings and transactions. It does not provide specific insights into broader industry trends or competitive landscape beyond the company's stock price at the time of the transaction.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive equity ownership and compensation, which is standard for corporate governance.
• Employees: No direct impact beyond the reporting executive's compensation structure.

Next Steps

• Continued vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) according to their respective schedules.
• Achievement of performance goals for PSUs over the three-year period beginning March 20, 2024.

Key Dates

Keywords

RBB Bancorp, RBB, Jeffrey Yeh, Form 4/A, SEC filing, insider trading, beneficial ownership, restricted stock units, performance stock units, equity compensation, executive compensation