Form 4: RBB Bancorp Executive RSU Vesting and Tax Settlement

EVP and Chief Operations Officer Gary Fan acquired 1,452 shares of RBB Bancorp common stock via RSU vesting, with 521 shares withheld for taxes.

Summary

• Gary Fan, EVP and Chief Operations Officer of RBB Bancorp, reported the vesting of 1,452 Restricted Stock Units (RSUs) on May 8, 2026.
• The transaction involved the acquisition of 1,452 shares at a price of $24.05 per share.
• A total of 521 shares were withheld by the company to satisfy tax obligations related to the vesting event.
• Following these transactions, the reporting person holds 2,368 shares of RBB Bancorp common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative event related to executive compensation, having no material impact on the company's financial position or strategic direction.

Positives

• The transaction reflects the fulfillment of equity-based compensation, aligning executive interests with shareholder value.

Negatives

• The withholding of 521 shares for tax purposes represents a reduction in the potential net share ownership for the executive.

Risks

• Future vesting of remaining performance stock units is subject to the achievement of specific performance goals and continued employment conditions.

Future Outlook

The reporting person retains various unvested derivative securities, including options, RSUs, and performance stock units, which are scheduled to vest between 2026 and 2028, contingent upon continued employment and performance criteria.

Management Comments

• The filing notes that performance stock units will vest conditionally on the achievement of certain performance goals and an employment condition.

Industry Context

StockSavvy.ai notes that routine RSU vesting and tax-related share withholding are standard corporate governance practices for bank executives, indicating normal compensation cycle activity rather than discretionary market trading.

Comparison to Industry Standards

• The use of tax withholding upon RSU vesting is a standard practice among publicly traded financial institutions to manage executive tax liabilities.
• The structure of performance-based equity awards aligns with industry benchmarks for executive compensation in the regional banking sector.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine equity compensation settlement.

Next Steps

• Future vesting of remaining RSUs on 05/08/2027 and 05/08/2028.
• Ongoing monitoring of performance goals for outstanding performance stock units.

Key Dates

Keywords

RBB Bancorp, RBB, Insider Trading, Form 4, Executive Compensation, Restricted Stock Units, Equity Vesting