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OP Bancorp CEO Shows Confidence as Restricted Stock Units Convert to Shares

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

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

Positive

  • CEO Sang Kyo Oh acquired 9,000 shares of common stock through vesting of restricted stock units (RSUs), demonstrating continued alignment with shareholder interests
  • The acquisition price of $12.25 per share represents a direct investment, showing management's confidence in the company's value
  • CEO now holds 36,000 shares directly, indicating significant skin in the game

Negative

  • The RSU vesting and share acquisition is part of a pre-planned compensation arrangement rather than open market purchases
  • The remaining 9,000 unvested RSUs from the original 45,000 grant suggest potential future dilution
Insider OH Sang Kyo
Role CEO In Transit
Type Security Shares Price Value
Exercise Restricted Stock Unit 9,000 $0.00 --
Exercise Common Stock 9,000 $12.25 $110K
Holdings After Transaction: Restricted Stock Unit — 9,000 shares (Direct); Common Stock — 36,000 shares (Direct)
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.
Form 4 Insider Transactions: What Each Field Means →
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
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 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)
CEO In Transit
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025
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 06/24/2025 M 9,000 A $12.25 36,000 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) 06/24/2025 M 9,000 (2) (2) Common Stock 9,000 $0 9,000 D
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 Oh 06/24/2025
** 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.
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did OPBK's CEO Sang Kyo Oh report on June 24, 2025?

CEO Sang Kyo Oh acquired 9,000 shares of OPBK common stock at $12.25 per share through the exercise of Restricted Stock Units (RSUs). This transaction brought his direct ownership to 36,000 shares.

How many Restricted Stock Units (RSUs) were originally granted to OPBK's CEO and what is the vesting schedule?

The CEO was granted 45,000 RSUs on June 24, 2021, which vest in 5 equal annual installments (9,000 shares per year) beginning on the first anniversary of the grant date.

What is the current position of Sang Kyo Oh at OPBK according to the Form 4?

According to the Form 4, Sang Kyo Oh is listed as 'CEO In Transit' at OP Bancorp (OPBK).

How many OPBK shares does CEO Sang Kyo Oh own directly after the June 24, 2025 transaction?

Following the reported RSU conversion transaction, CEO Sang Kyo Oh directly owns 36,000 shares of OPBK common stock.

What was the conversion rate of OPBK's Restricted Stock Units to common stock?

According to the filing, OPBK's Restricted Stock Units convert to shares of common stock on a one-for-one basis.