CTO at OP Bancorp (NASDAQ: OPBK) exercises RSUs, withholds shares

Rhea-AI Filing Summary

OP Bancorp Chief Technology Officer Won Wesley reported an equity award vesting and related share withholding. On March 3, 2026, 1,443 restricted stock units were exercised into 1,443 shares of common stock at a stated price of $0.00 per share. To cover tax obligations, 542 common shares were disposed of at $13.39 per share. After these transactions, Wesley directly held 30,611 shares of common stock and 5,771 restricted stock units.

SEC Form 4

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^*

Won Wesley

(Last) (First) (Middle)

1000 WILSHIRE BLVD STE 500

(Street)

LOS ANGELES CA 90017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OP Bancorp [ OPBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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	03/03/2026		M		1,443	A	(1)	31,153	D
Common Stock	03/03/2026		F		542	D	$13.39	30,611	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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
Restricted Stock Unit	(1)	03/03/2026		M			1,443	(2)	(2)	Common Stock	1,443	$0	5,771	D

Explanation of Responses:

1. Restricted stock units convert to shares of common stock on a one-for-one basis.

2. On March 3, 2025, the reporting person was granted 7,214 shares of restricted stock units, vesting in five equal annual installments beginning on the first anniversary of the grant date.

Remarks:

	/s/ Jaehyun Park attorney-in-fact for Wesley Won	03/03/2026
	** 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.
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FAQ

What insider transaction did OP Bancorp (OPBK) report for its CTO?

OP Bancorp reported that CTO Won Wesley exercised 1,443 restricted stock units into 1,443 common shares on March 3, 2026. In a related move, 542 shares of common stock were withheld and disposed at $13.39 per share to satisfy tax obligations.

How many OP Bancorp shares does CTO Won Wesley hold after this Form 4?

After the reported transactions, CTO Won Wesley directly holds 30,611 shares of OP Bancorp common stock. He also directly holds 5,771 restricted stock units, which are derivative securities that can convert into additional common shares on a one-for-one basis under their terms.

What happened to Won Wesley’s restricted stock units at OP Bancorp?

On March 3, 2026, 1,443 restricted stock units held by CTO Won Wesley were exercised and converted into 1,443 shares of OP Bancorp common stock. The filing notes that restricted stock units convert to common shares on a one-for-one basis when they vest or are exercised.

Why were 542 OP Bancorp shares disposed of in this insider filing?

The Form 4 shows a disposition of 542 OP Bancorp common shares coded as “F,” meaning shares were delivered to pay tax liabilities. These shares were disposed of at $13.39 per share as part of satisfying taxes tied to the restricted stock unit exercise.

How are OP Bancorp restricted stock units described in this filing?

The filing states that restricted stock units convert into shares of OP Bancorp common stock on a one-for-one basis. A referenced grant to the reporting person covered 7,214 restricted stock units vesting in five equal annual installments, beginning one year after the grant date.