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OP Bancorp (OPBK) CEO converts 9,000 RSUs into common stock holdings

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

Rhea-AI Filing Summary

OP Bancorp Chief Executive Officer Sang Kyo Oh exercised restricted stock units that converted into 9,000 shares of common stock. These units convert to common stock on a one-for-one basis.

The 9,000-share vesting reflects one-fifth of a 45,000-unit award granted on June 24, 2021, which was structured to vest in five equal annual installments. Following this transaction, Oh directly owns 45,000 shares of OP Bancorp common stock.

Positive

  • None.

Negative

  • None.
Insider OH Sang Kyo
Role Chief Executive Officer
Type Security Shares Price Value
Exercise Restricted Stock Unit 9,000 $0.00 --
Exercise Common Stock 9,000 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct, null); Common Stock — 45,000 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units convert to shares of common stock on a one-for-one basis. On June 24, 2021, the reporting person was granted 45,000 shares of restricted stock units, vesting in 5 equal annual installments beginning on the first anniversary of the grant date.
Shares received from RSU conversion 9,000 shares Restricted stock units converted to common stock on June 24, 2026
Common shares held after transaction 45,000 shares CEO direct ownership following RSU conversion
Original RSU grant size 45,000 units Grant dated June 24, 2021, vesting in 5 equal annual installments
Annual vesting tranche size 9,000 units Each of five equal annual installments from the 2021 RSU grant
Exercise price per RSU $0.00 per unit Conversion of restricted stock units into common stock
Restricted Stock Unit financial
"The security title is listed as "Restricted Stock Unit" for the derivative transaction."
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
"The transaction code description is "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.
vests in 5 equal annual installments financial
"The RSU grant vests in 5 equal annual installments beginning on the first anniversary of the grant date."
one-for-one basis financial
"Restricted stock units convert to shares of common stock on a one-for-one basis."
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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*
OH Sang Kyo
(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
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026		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 Stock06/24/2026M9,000A(1)45,000D
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)06/24/2026M9,000 (2) (2)Common Stock9,000$00D
Explanation of Responses:
1. Restricted stock units convert to shares of common stock on a one-for-one basis.
2. On June 24, 2021, the reporting person was granted 45,000 shares of restricted stock units, vesting in 5 equal annual installments beginning on the first anniversary of the grant date.
Remarks:
/s/ Jaehyun Park attorney-in-fact for Sang Kyo Oh06/25/2026
** 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 transaction did OP Bancorp (OPBK) disclose for its CEO?

OP Bancorp reported that CEO Sang Kyo Oh exercised restricted stock units into 9,000 shares of common stock. The transaction reflects the vesting of part of a prior equity award granted as compensation, rather than an open-market purchase or sale.

How many OP Bancorp shares does the CEO hold after this Form 4?

After the reported transactions, CEO Sang Kyo Oh directly owns 45,000 shares of OP Bancorp common stock. This total reflects the additional 9,000 shares received from the vesting and conversion of restricted stock units on June 24, 2026.

What was the size and structure of the CEO’s OP Bancorp RSU grant?

On June 24, 2021, Sang Kyo Oh was granted 45,000 restricted stock units, vesting in five equal annual installments. Each installment covers 9,000 units, which convert into 9,000 common shares on a one-for-one basis when they vest and are exercised.

Did the OP Bancorp CEO buy or sell OPBK shares in the market?

The CEO did not buy or sell shares in the open market. Instead, restricted stock units converted into 9,000 shares of common stock at a stated price of $0.00 per unit, reflecting compensation-related vesting rather than a discretionary market trade.

What does the Form 4 reveal about OP Bancorp’s RSU conversion terms?

The filing states that restricted stock units convert to OP Bancorp common stock on a one-for-one basis. In this case, 9,000 units became 9,000 common shares, and the derivative RSU position tied to this installment now shows zero units remaining after the conversion.