Director-linked trust cuts Hope Bancorp (HOPE) stake with February stock sales
Rhea-AI Filing Summary
Hope Bancorp director Daisy Y. Ha reported stock sales by a family trust. A trust for Ha and her spouse, the Kim Ha Living Trust, sold 25,533.35 shares of Hope Bancorp common stock on February 5, 2026 at a weighted average price of $12.57 per share, and 31,020 shares on February 6, 2026 at a weighted average price of $12.48 per share. The transactions were executed at multiple prices within disclosed ranges. After these sales, the Kim Ha Living Trust held no shares, while Ha continued to report 452,163 shares held directly and 141,427 shares held through the Kana Trust. She also reported vested non-qualified stock options covering 20,000 and 4,404 shares of common stock.
Positive
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Insights
Director-linked trust sells shares, but large direct and option holdings remain.
Daisy Y. Ha, a director of Hope Bancorp, reported that the Kim Ha Living Trust, where she and her spouse serve as trustees, sold 25,533.35 shares at a weighted average of $12.57 on February 5, 2026 and 31,020 shares at $12.48 on February 6, 2026. The prices reflect multiple trades within specified ranges.
Following these sales, that trust no longer holds shares, but Ha continues to report 452,163 shares held directly and 141,427 shares via the Kana Trust. She also holds fully vested non-qualified stock options on 20,000 shares at $17.18 and 4,404 shares at $14.65, providing additional exposure to the stock.
The filing describes routine Section 16 reporting of these changes in indirect and derivative holdings without indicating any change in her director role. The overall impact on the company’s capital structure appears limited, as the disclosed transactions involve personal portfolio adjustments rather than new share issuance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 31,020 | $12.48 | $387K |
| Sale | Common Stock | 25,533.35 | $12.57 | $321K |
| holding | Non-qualified stock option (right to buy) | -- | -- | -- |
| holding | Non-qualified stock option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.56 to $12.60, inclusive. The reporting person undertakes to provide to HOPE Bancorp, Inc., any security holder of HOPE Bancorp, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.87 to $12.51, inclusive. The reporting person undertakes to provide to HOPE Bancorp, Inc., any security holder of HOPE Bancorp, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4. Non-qualified stock options were granted on September 1, 2016 pursuant to the BBCN Bancorp, Inc. 2016 Incentive Compensation Plan. These options were fully vested as of September 1, 2018. Received in exchange for 6,262 shares of Wilshire Bancorp, Inc. ("Wilshire") common stock in connection with merger of Wilshire Bancorp, Inc. into HOPE Bancorp, Inc. (former BBCN Bancorp, Inc.)(the "Merger"). On the effective date of the Merger, the closing price of Wilshire's common stock was $10.74 per share, and the closing price of HOPE Bancorp, Inc. was $15.37 per share.
