CEO Morris David Richard sold $224,010 worth of shares (9,000 units at $24.89) and exercised 9,000 shares at a strike of $20.55 (SEC Form 4)
$RBB
Major Banks
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
RBB Bancorp [ RBB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/13/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock, No Par Value | 11/13/2024 | M | 9,000 | A | $20.55 | 46,722 | D | |||
| Common Stock, No Par Value | 11/13/2024 | S | 9,000 | D | $24.89 | 37,722 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Option (right to buy) | $20.55 | 11/13/2024 | M | 9,000 | 01/22/2023(1) | 01/22/2030 | Common Stock | 9,000 | $20.55 | 0 | D | ||||
| Restricted Stock Units | $0.0000 | (2) | (3) | Restricted Stock Units | 767 | 767 | D | ||||||||
| Restricted Stock Units | $0.0000 | (4) | (3) | Restricted Stock Units | 5,204 | 5,204 | D | ||||||||
| Restricted Stock Units | $0.0000 | (5) | (3) | Restricted Stock Units | 6,675 | 6,675 | D | ||||||||
| Restricted Stock Units | $0.0000 | (6) | (3) | Restricted Stock Units | 9,493 | 9,493 | D | ||||||||
| Performance Stock Units | $0.0000 | (7) | (3) | Performance Stock Units | 14,240 | 14,240 | D | ||||||||
| Explanation of Responses: |
| 1. These options vest in three equal annual installments beginning one year after the 01/22/2020 date of grant. |
| 2. These restricted stock units vest in three equal annual installments beginning one year after the 01/19/2022 date of grant. |
| 3. There will be no expiration date once restricted stock units vest. |
| 4. These restricted stock units vest in three equal installments beginning one year after 01/18/2023 date of grant. |
| 5. These restricted stock units vest in three equal installments beginning one year after 02/21/2024 date of grant. |
| 6. These restricted stock units vest in three equal installments beginning one year after 03/20/2024 date of grant. |
| 7. These performance stock units ("PSUs") will vest conditionally on the achievement of certain performance goals and an employment condition. The reported PSUs will vest at the expiration of a three-year period beginning on 03/20/2024 subject to the Reporting Person's satisfaction of the employment condition. |
| Remarks: |
| David Morris exercised 9,000 options and sold the shares on November 13, 2024 subject to his 10b5-1 plan. |
| /s/ David Morris | 11/14/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||