RBB Bancorp (RBB) director settles RSUs and withholds shares for taxes

Rhea-AI Filing Summary

RBB Bancorp director David Richard Morris reported equity award activity on February 20, 2026. He exercised 2,225 restricted stock units, which were settled into an equal number of shares of common stock at a stated price of $22.20 per share. To cover the related tax obligations, 868 common shares were disposed of at $22.20 through a tax-withholding transaction. After these movements, he directly owned 45,992 common shares and 6,328 restricted stock units, which vest in installments after their 2024 grant dates and are settled in common stock.

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

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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^*

Morris David Richard

(Last) (First) (Middle)

1055 WILSHIRE BLVD

SUITE 1200

(Street)

LOS ANGELES CA 90017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RBB Bancorp [ RBB ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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, No Par Value	02/20/2026		M		2,225	A	$22.2	46,860	D
Common Stock, No Par Value	02/20/2026		F		868	D	$22.2	45,992	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 Units	$22.2	02/20/2026		M			2,225	(2)	(1)	Common Stock(4)	4,450	$0	2,225	D
Restricted Stock Units	$0.0000							(3)	(1)	Common Stock(4)	6,328		6,328	D

Explanation of Responses:

1. There will be no expiration date once restricted stock units vest.

2. These restricted stock units vest in three equal installments beginning one year after 02/21/2024 date of grant.

3. These restricted stock units vest in three equal installments beginning one year after 03/20/2024 date of grant.

4. The Form 4 has been updated to clarify that grants of RSUs will be settled in common stock.

Remarks:

Shares issued for vesting of 2/21/2024 RSU grant and shares disposed in settlement of tax withholding obligations for such RSU vesting.

	/s/ David Morris	02/24/2026
	** 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 insider transactions did RBB (RBB Bancorp) report for David Richard Morris?

RBB Bancorp director David Richard Morris exercised 2,225 restricted stock units into common shares and had 868 shares withheld for taxes. The transactions occurred on February 20, 2026, reflecting routine equity award settlement rather than an open-market purchase or sale.

How many RBB Bancorp shares does David Richard Morris own after this Form 4?

After these transactions, David Richard Morris directly owns 45,992 shares of RBB Bancorp common stock. He also holds 6,328 restricted stock units, which are scheduled to vest in three equal installments following their respective 2024 grant dates.

What was the nature of the restricted stock unit activity for RBB director Morris?

The activity involved exercising 2,225 restricted stock units that were settled in RBB Bancorp common stock. The Form 4 notes that RSU grants will be settled in common shares and that vested units have no expiration date, indicating standard equity compensation mechanics.

Why were 868 RBB Bancorp shares disposed of in Morris’s Form 4 filing?

The 868 RBB Bancorp shares were disposed of to pay the tax liability associated with the restricted stock unit exercise. This was coded as a tax-withholding disposition, meaning shares were surrendered for taxes rather than sold in an open-market transaction.

How do David Richard Morris’s restricted stock units in RBB Bancorp vest over time?

The restricted stock units vest in three equal installments beginning one year after their grant dates in February and March 2024. Once vested, the units have no expiration date and are settled in RBB Bancorp common stock as clarified in the updated Form 4.