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OP Bancorp (OPBK) director exercises 2,408 RSUs and receives 2,134-unit grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

OP Bancorp director Yoon Ki Won reported equity-compensation activity rather than market trades. On May 28, 2026, he exercised 2,408 restricted stock units into common stock, bringing his direct common share holdings to 52,818. The same day, he received a new grant of 2,134 restricted stock units that convert one-for-one into common stock and are scheduled to vest at the 2027 annual shareholders meeting. A prior 2,408-unit grant from June 26, 2025, vested at the 2026 annual shareholders meeting and was fully converted, leaving no remaining units from that award.

Positive

  • None.

Negative

  • None.
Insider YOON KI WON
Role null
Type Security Shares Price Value
Exercise Restricted Stock Unit 2,408 $0.00 --
Grant/Award Restricted Stock Unit 2,134 $0.00 --
Exercise Common Stock 2,408 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct, null); Common Stock — 52,818 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units convert to shares of common stock on a one-for-one basis. On June 26, 2025, the reporting person was granted 2,408 shares of restricted stock units, vesting on the 2026 annual shareholders meeting. On May 28, 2026, the reporting person was granted 2,134 shares of restricted stock units, vesting on the 2027 annual shareholders meeting.
RSUs exercised 2,408 units Restricted stock units converted into common stock on May 28, 2026
Common shares after exercise 52,818 shares Direct OP Bancorp common stock holdings following transactions
New RSU grant 2,134 units Restricted stock units granted on May 28, 2026, vesting at 2027 annual meeting
Prior RSU grant 2,408 units Granted June 26, 2025, vested at 2026 annual shareholders meeting
Conversion ratio 1.0 share/unit Restricted stock units convert to common stock on a one-for-one basis
Restricted Stock Unit financial
"On May 28, 2026, the reporting person was granted 2,134 shares of restricted stock units, vesting on the 2027 annual shareholders meeting."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
one-for-one basis financial
"Restricted stock units convert to shares of common stock on a one-for-one basis."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
YOON KI WON
(Last)(First)(Middle)
1000 WILSHIRE BLVD. SUITE 500
(Street)
LOS ANGELES CALIFORNIA 90017
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
OP Bancorp [ OPBK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/28/2026M2,408A(1)52,818D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)05/28/2026M2,408 (2) (2)Common Stock2,408$00D
Restricted Stock Unit(1)05/28/2026A2,134 (3) (3)Common Stock2,134$02,134D
Explanation of Responses:
1. Restricted stock units convert to shares of common stock on a one-for-one basis.
2. On June 26, 2025, the reporting person was granted 2,408 shares of restricted stock units, vesting on the 2026 annual shareholders meeting.
3. On May 28, 2026, the reporting person was granted 2,134 shares of restricted stock units, vesting on the 2027 annual shareholders meeting.
Remarks:
/s/ Jaehyun Park attorney-in-fact for Ki Won Yoon05/29/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did OP Bancorp (OPBK) director Yoon Ki Won report in this Form 4?

The Form 4 shows Yoon Ki Won exercised 2,408 restricted stock units into OP Bancorp common stock and received a new grant of 2,134 restricted stock units. These transactions reflect equity compensation events, not open‑market buying or selling of shares.

How many OP Bancorp shares does Yoon Ki Won hold after these transactions?

After exercising restricted stock units, Yoon Ki Won directly holds 52,818 shares of OP Bancorp common stock. This reflects the addition of 2,408 shares from a vested restricted stock unit grant, with no shares reported as sold or disposed of in this filing.

What new restricted stock unit grant did OP Bancorp award to Yoon Ki Won?

On May 28, 2026, Yoon Ki Won was granted 2,134 restricted stock units, each convertible into one share of OP Bancorp common stock. According to the filing footnote, these units are scheduled to vest at the company’s 2027 annual shareholders meeting, subject to applicable conditions.

How were prior OP Bancorp restricted stock units for Yoon Ki Won treated in this filing?

A prior grant of 2,408 restricted stock units awarded on June 26, 2025 vested at the 2026 annual shareholders meeting. On May 28, 2026, those units were fully converted into 2,408 shares of OP Bancorp common stock, leaving no remaining units outstanding from that specific grant.

Does this OP Bancorp Form 4 show any open‑market stock sales or purchases?

No open‑market purchases or sales are reported. The filing only records equity compensation activity: the grant of 2,134 restricted stock units and the conversion of 2,408 previously granted units into common stock. All transactions are coded as awards or derivative exercises, not market trades.