RBB Bancorp EVP Fan exercises options, sells 6K shares
RBB Bancorp EVP/COO Gary Fan reported an options exercise and share sale.
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Form Type
4
Rhea-AI Filing Summary
RBB Bancorp EVP/COO Gary Fan reported an options exercise and share sale. On 2026-04-29, he exercised 6,000 Stock Options at $21.17 per share and sold 6,000 shares of Common Stock at $24.039 per share in an open-market transaction.
After these transactions, Fan holds 1,437 shares of Common Stock directly. He also holds several Performance Stock Units and Restricted Stock Units tied to Common Stock, which vest between 2026 and 2027 or based on multi-year performance periods beginning March 20, 2024 and May 8, 2025, subject to employment and performance conditions.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Fan Gary
Role
EVP/Chief Operations Officer
Sold
6,000 shs ($144K)
Approx. gross sale proceeds
$144K
Approx. exercise cost
$127K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options | 6,000 | $21.17 | $127K |
| Exercise | Stock Options | 6,000 | $21.17 | $127K |
| Sale | Common Stock, No Par Value | 6,000 | $24.039 | $144K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Options — 12,000 contracts (Direct);
Stock Options — 7,437 shares (Direct);
Common Stock, No Par Value — 1,437 shares (Direct);
Restricted Stock Units — 6,681 contracts (Direct);
Performance Stock Units — 12,450 contracts (Direct)
Footnotes (7)
- F1. These remaining options vest in two equal annual installments on 12/05/2026 and 12/05/2027.
- F2. These remaining restricted stock units vest on 02/21/2027.
- F3. There will be no expiration date once restricted stock units vest.
- F4. These remaining restricted stock units vest on 03/20/2027.
- F5. These performance stock units ("PSUs") will vest conditionally on the achievement of certain performance goals and an employment condition. The reported PSUs will vest at the expiration of a three-year period beginning on 03/20/2024 subject to the Reporting Person's satisfaction of the employment condition.
- F6. These remaining restricted stock units vest in two equal installments on 05/08/2026 and 05/08/2027.
- F7. Performance Stock Units ("PSUs") to vest conditionally on the achievement of certain performance goals and an employment condition. The PSUs are awarded at a target level and have the opportunity to vest at 150% of such target level; The reported PSUs represent the maximum award that may be achieved and ultimately vest. The reported PSUs will vest at the expiration of a three-year period beginning on 05/08/2025 subject to the Reporting Person's satisfaction of the employment condition.
Key Figures
Shares sold: 6,000 shares
Sale price: $24.039 per share
Options exercised: 6,000 options
+5 more
8 metrics
Shares sold
6,000 shares
Common Stock sold on April 29, 2026 at $24.039
Sale price
$24.039 per share
Open-market or private sale of Common Stock
Options exercised
6,000 options
Stock Options exercised at $21.17 per share on April 29, 2026
Option exercise price
$21.17 per share
Exercise price for 6,000 Stock Options
Shares held after
1,437 shares
Direct Common Stock holdings following reported transactions
PSUs underlying shares
6,534 shares
Performance Stock Units tied to Common Stock at $0.00 exercise price
RSUs underlying shares
4,356 shares
Restricted Stock Units tied to Common Stock at $0.00 exercise price
Option vesting schedule
2 equal installments
Remaining options vest on December 5, 2026 and December 5, 2027
Key Terms
Performance Stock Units, Restricted Stock Units, Stock Options, open-market sale, +1 more
5 terms
Performance Stock Units financial
""security_title": "Performance Stock Units""
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units financial
""security_title": "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Options financial
""security_title": "Stock Options""
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
open-market sale financial
""transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did RBB (RBB) executive Gary Fan report?
Gary Fan reported exercising 6,000 Stock Options at $21.17 per share and selling 6,000 shares of RBB Bancorp Common Stock at $24.039 per share on April 29, 2026. The filing shows a combined exercise-and-sale pattern that converts options into cash.
What stock options did Gary Fan exercise in RBB (RBB)?
Gary Fan exercised 6,000 Stock Options related to RBB Bancorp at an exercise price of $21.17 per share. Following the exercise, the Form 4 indicates remaining options totaling 12,000, with vesting in two equal installments on December 5, 2026 and December 5, 2027.
What Performance Stock Units does Gary Fan hold at RBB (RBB)?
Gary Fan holds Performance Stock Units that vest conditionally based on performance goals and continued employment. One PSU grant is tied to a three-year period beginning March 20, 2024, and another to a three-year period beginning May 8, 2025, with potential vesting up to 150% of target.
When do Gary Fan’s Restricted Stock Units in RBB (RBB) vest?
Gary Fan’s remaining Restricted Stock Units vest on several future dates. The filing notes vesting on February 21, 2027, March 20, 2027, and in two equal installments on May 8, 2026 and May 8, 2027. Once vested, these units no longer have an expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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