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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 Sohn Myung Shin reported compensation-related equity activity. On May 28, 2026, 2,408 previously granted restricted stock units were exercised into common stock on a one-for-one basis, bringing direct common stock holdings to 17,034 shares. The director also received a new grant of 2,134 restricted stock units that will convert into common shares and vest at the 2027 annual shareholders meeting.

Positive

  • None.

Negative

  • None.
Insider Sohn Myung Shin
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 — 17,034 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 to common stock on May 28, 2026
New RSU grant 2,134 units Granted May 28, 2026, vesting at 2027 annual shareholders meeting
Shares owned after transactions 17,034 shares Direct common stock holdings following RSU exercise
Prior RSU grant 2,408 units Granted June 26, 2025, vesting at 2026 annual shareholders meeting
Conversion ratio 1 RSU : 1 share Restricted stock units convert into 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.
annual shareholders meeting financial
"vesting on the 2027 annual shareholders meeting."
An annual shareholders meeting is a yearly gathering where owners of a company review its performance, hear presentations from management, ask questions, and vote on important items such as board members, executive pay, and dividend policies. Think of it as a company town hall where votes and discussions can change leadership, strategy or payouts—outcomes that can directly affect a stock’s future performance and an investor’s rights and returns.
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*
Sohn Myung Shin
(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)17,034D
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 Myung Shin Sohn05/29/2026
** 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 insider transactions did OP Bancorp (OPBK) disclose for Sohn Myung Shin?

OP Bancorp disclosed that director Sohn Myung Shin exercised 2,408 restricted stock units into common stock and received a new grant of 2,134 restricted stock units. These transactions are compensation-related and increase both current share ownership and future stock-based incentives.

How many OP Bancorp (OPBK) shares does Sohn Myung Shin hold after the Form 4 transactions?

After exercising 2,408 restricted stock units, Sohn Myung Shin directly owns 17,034 shares of OP Bancorp common stock. This reflects only the reported direct holdings and excludes the additional 2,134 restricted stock units that will convert into shares upon vesting.

What restricted stock unit grants did OP Bancorp (OPBK) report for Sohn Myung Shin?

OP Bancorp reported two restricted stock unit grants for the director. A 2,408-unit grant was awarded on June 26, 2025 and has now vested, while a new 2,134-unit grant was awarded on May 28, 2026, scheduled to vest at the 2027 annual shareholders meeting.

How do OP Bancorp (OPBK) restricted stock units convert into common stock?

The filing states that OP Bancorp restricted stock units convert to common stock on a one-for-one basis. This means each vested unit becomes one share of common stock, aligning director compensation with future shareholder value as units vest over time.

Were there any OP Bancorp (OPBK) insider stock sales in this Form 4?

No insider stock sales were reported. The Form 4 only shows equity awards and the exercise of previously granted restricted stock units, all categorized as acquisitions, without any open-market or other share dispositions in this particular filing.