[Form 4] OP Bancorp Insider Trading Activity

Rhea-AI Filing Summary

OP Bancorp (OPBK) – Form 4 filing: Chief Executive Officer and Director Sang Kyo Oh reported the grant of 29,326 restricted stock units (RSUs) on 1 July 2025. The RSUs convert into common shares on a one-for-one basis and vest in five equal annual tranches beginning one year from the grant date. No open-market purchases or sales of common stock were disclosed; the filing reflects an equity-based compensation award intended to align the CEO’s long-term incentives with shareholders. Following the grant, Oh directly holds 29,326 derivative securities (RSUs) and the corresponding right to receive an equivalent number of common shares as vesting occurs.

Positive

• No insider selling; the filing reflects an equity grant rather than a disposal, avoiding negative signalling.
• Long-term, five-year vesting aligns CEO incentives with sustained performance and shareholder value.

Negative

• Potential share dilution of up to 29,326 common shares over five years, albeit likely immaterial to overall float.

Insights

Financial Analyst

TL;DR: Routine equity grant; minimal market impact.

The award represents standard long-term incentive compensation for the CEO. Because there is no sale or purchase of existing shares, immediate dilution is limited to a potential 0.1–0.2% (exact float not provided) spread over five years. The staggered vesting encourages retention and shareholder alignment but does not materially change insider ownership or signal valuation views. I view the event as operationally neutral for investors and not likely to influence near-term trading dynamics.

Corporate Governance Expert

TL;DR: Governance-friendly structure; neutral impact.

The five-year vesting schedule promotes long-term value creation and mitigates short-term risk-taking. Granting RSUs instead of options limits leverage and potential accounting volatility. No accelerated vesting clauses are disclosed. From a governance standpoint, the filing illustrates compliance with SEC reporting and provides transparency on executive pay. However, the size of the grant appears modest and does not indicate any significant strategic shift. Overall impact on shareholder rights and control is negligible.

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
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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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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

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)	07/01/2025		A		29,326		(2)	(2)	Common Stock	29,326	$0	29,326	D

Explanation of Responses:

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

2. On July 1, 2025, the reporting person was granted 29,326 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 Sang Kyo Oh	07/01/2025
	** 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.

FAQ

What did OPBK disclose in the Form 4 filed on 07/01/2025?

The CEO, Sang Kyo Oh, received 29,326 restricted stock units that vest in five equal annual installments.

Were any OP Bancorp shares bought or sold by the insider?

No. The Form 4 shows an equity grant only; there were no open-market purchases or sales.

When do the granted RSUs vest for OPBK's CEO?

The RSUs vest in five equal tranches starting on the first anniversary of 1 July 2025.

Will the RSU grant immediately dilute OP Bancorp shareholders?

Dilution occurs only as shares are issued upon each vesting date; the aggregate potential dilution is 29,326 shares.

Why is this Form 4 important to investors?

It reveals details of executive compensation and insider ownership, offering insight into alignment with shareholder interests.