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Form 4 Overview On 06/27/2025, Director Soo Hun Jung filed a Form 4 with the U.S. SEC disclosing the conversion of previously granted restricted stock units (RSUs) of OP Bancorp (ticker: OPBK).
Transaction specifics
- Transaction date: 06/26/2025
- Transaction code: M (conversion of derivative security)
- Securities acquired: 3,226 shares of common stock
- Price paid: $0, as RSUs convert 1-for-1
- Resulting direct ownership: 245,214 common shares
Derivative security details The RSUs were granted on 06/27/2024 and vested on 06/26/2025, automatically converting into an equal number of common shares.
Ownership context The additional shares increase the director’s directly held position by roughly 1.3%, reinforcing equity alignment but representing a minimal fraction of OP Bancorp’s total shares outstanding. No shares were sold and no option-like instruments remain from this grant.
No earnings data, operational updates, or other corporate events were included in this filing. The disclosure appears routine and does not signal any change in the company’s fundamentals.
OP Bancorp CEO Sang Kyo Oh exercised 9,000 restricted stock units (RSUs) on June 24, 2025, converting them to common stock at a price of $12.25 per share. This transaction was part of a previously granted RSU award from June 24, 2021, which included 45,000 RSUs vesting in five equal annual installments.
Following the transaction, Oh now directly owns 36,000 shares of common stock and retains 9,000 RSUs. This exercise represents the standard vesting of executive compensation and is part of the company's long-term incentive plan for senior management.
- Transaction Type: RSU conversion to common stock (Code M)
- Total Transaction Value: $110,250
- Original Grant Date: June 24, 2021
- Vesting Schedule: 20% annually over 5 years