Director Lee Sang Young Increases PCB Stake with August 2025 Purchases

Rhea-AI Filing Summary

Lee Sang Young, a director and 10% owner of PCB Bancorp (PCB), reported three purchases of PCB common stock on August 20–21, 2025. The filing shows an initial purchase of 232 shares at $21.60 on 08/20/2025, followed by purchases of 5,000 shares at $21.5499 and 8,400 shares at $21.55 on 08/21/2025. All shares are reported as indirectly owned through a family trust. Following these transactions, the total beneficial ownership reported is 1,582,842 shares. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Insider purchases reported: Director bought shares on 08/20 and 08/21/2025.
• Increased beneficial ownership: Total reported holdings rose to 1,582,842 shares.
• No sales or derivative transactions: Only purchases were disclosed, simplifying ownership picture.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director increased indirect ownership modestly via three small purchases, bringing total holdings to 1,582,842 shares.

The filing documents three open-market purchases totaling 13,632 shares over two days at approximately $21.55 per share, reported as held by a family trust. For investors, insider buying can signal confidence, but the transactions appear incremental relative to the reported total stake. No derivative activity or sales were reported, and the purchases are recorded as indirect ownership, which may limit immediate governance influence.

Corporate Governance Expert

TL;DR: A significant shareholder and director increased position indirectly; transactions are routine and disclosed per Section 16 rules.

The report shows compliance with Section 16 reporting through a signed Form 4 and documents that the shares are held by a family trust. The disclosure is complete for the reported transactions and shows no departures, derivative exercises, or sales. From a governance perspective, the change maintains the director’s existing indirect stake rather than altering control dynamics.

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^*

LEE SANG YOUNG

(Last) (First) (Middle)

3701 WILSHIRE BOULEVARD, SUITE 900

(Street)

LOS ANGELES CA 90010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PCB BANCORP [ PCB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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	08/20/2025		P		232	A	$21.6	1,569,442	I	By Family Trust
Common Stock	08/21/2025		P		5,000	A	$21.5499	1,574,442	I	By Family Trust
Common Stock	08/21/2025		P		8,400	A	$21.55	1,582,842	I	By Family Trust

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

Explanation of Responses:

Remarks:

	/s/ Timonthy Chang attorney-in-fact for Sang Young Lee	08/21/2025
	** 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 transactions did PCB insider Lee Sang Young report on Form 4?

Three purchases: 232 shares at $21.60 on 08/20/2025; 5,000 shares at $21.5499 and 8,400 shares at $21.55 on 08/21/2025.

How many PCB shares does Lee Sang Young beneficially own after these transactions?

1,582,842 shares are reported as beneficially owned following the August 20–21, 2025 transactions.

Are the shares owned directly by the reporting person?

No: The Form 4 reports the shares as indirectly owned through a family trust.

Did the Form 4 disclose any derivative activity or sales by the insider?

No: The filing shows only non-derivative purchases and contains no sales or derivative transactions.

Who signed the Form 4 for Lee Sang Young?

Timonthy Chang, attorney-in-fact, signed the form on 08/21/2025 on behalf of the reporting person.