4/A: RBB Bancorp Executive Gary Fan Amends SEC Filing to Correct Restricted Stock Unit Amount

Gary Fan, EVP/Chief Admin Officer of RBB Bancorp, amends his Form 4 filing to correct the amount of restricted stock units (RSUs) granted on March 20, 2024.

Summary

• Gary Fan, an executive at RBB Bancorp, filed an amendment to his Form 4 with the SEC.
• The amendment corrects the amount of restricted stock units (RSUs) granted to him on March 20, 2024.
• The original filing was made on March 22, 2024.
• Fan also holds stock options, other RSUs, and performance stock units (PSUs).
• The stock options vest in five equal annual installments beginning one year after December 5, 2022.
• One set of RSUs vests in three equal installments beginning one year after February 21, 2024.
• The corrected RSUs vest in three equal installments beginning one year after March 20, 2024.
• The PSUs will vest conditionally on the achievement of certain performance goals and an employment condition at the expiration of a three-year period beginning on March 20, 2024.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error, suggesting a neutral to slightly positive sentiment as it demonstrates attention to detail and compliance.

Future Outlook

The vesting of RSUs and PSUs is contingent upon continued employment and, in the case of PSUs, the achievement of certain performance goals.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The correction of the RSU amount ensures accurate reporting to shareholders.

Key Dates