RBB Bancorp (RBB) EVP exercises RSUs and withholds stock for taxes

Rhea-AI Filing Summary

RBB Bancorp executive vice president Ashley Chang exercised restricted stock units and had shares withheld for taxes. On February 20, 2026, 667 restricted stock units were converted into 667 shares of common stock at a transaction price of $22.20 per share, increasing direct ownership to 3,047 shares before tax withholding.

On the same date, 275 common shares were disposed of under a tax-withholding arrangement, leaving 2,772 directly held shares afterward. The filing also shows outstanding option awards covering 6,000 and 30,000 shares and 3,971 restricted stock units scheduled to vest over time.

Insider Trade Summary

667 shares exercised/converted

Mixed 6 txns

Insider Chang Ashley

Role EVP

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	667	$0.00	--
Exercise	Common Stock, No Par Value	667	$22.20	$15K
Tax Withholding	Common Stock, No Par Value	275	$22.20	$6K
holding	Option (right to buy)	--	--	--
holding	Option (right to buy)	--	--	--
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Restricted Stock Units — 667 shares (Direct); Common Stock, No Par Value — 3,047 shares (Direct); Option (right to buy) — 6,000 shares (Direct)

Footnotes (1)

1. These options vest in three equal annual installments beginning one year after the 01/22/2020 date of grant. These options vest in three equal annual installments beginning one year after the 01/21/2021 date of grant. There will be no expiration date once restricted stock units vest. These restricted stock units vest in three equal annual installments beginning one year after the 02/21/2024 date of grant. These restricted stock units vest in four equal annual installments beginning one year after the 05/08/2025 date of grant. On May 12, 2025 due to an administrative error, the Reporting Person filed a Form 4 which inadvertently omitted information from the transactional columns in Table II and overstated the amount of RSUs granted to the Reporting Person on May 8, 2025. The Form 4 has also been amended to clarify that grants of RSUs will be settled in common stock.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/24/2026 - 01:46 PM Learn about SEC filing dates

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^*

Chang Ashley

(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)

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

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		667	A	$22.2	3,047	D
Common Stock, No Par Value	02/20/2026		F		275	D	$22.2	2,772	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
Option (right to buy)	$20.55							(1)	01/22/2030	Common Stock	6,000		6,000	D
Option (right to buy)	$17.74							(2)	01/21/2031	Common Stock	30,000		30,000	D
Restricted Stock Units	$22.2	02/20/2026		M			667	(4)	(3)	Common Stock(6)	1,334	$0	667	D
Restricted Stock Units	$0.0000							(5)	(3)	Common Stock(6)	3,971(6)		3,971(6)	D

Explanation of Responses:

1. These options vest in three equal annual installments beginning one year after the 01/22/2020 date of grant.

2. These options vest in three equal annual installments beginning one year after the 01/21/2021 date of grant.

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

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

5. These restricted stock units vest in four equal annual installments beginning one year after the 05/08/2025 date of grant.

6. On May 12, 2025 due to an administrative error, the Reporting Person filed a Form 4 which inadvertently omitted information from the transactional columns in Table II and overstated the amount of RSUs granted to the Reporting Person on May 8, 2025. The Form 4 has also been amended 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/ Ashley Chang	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) report for Ashley Chang on February 20, 2026?

Ashley Chang exercised 667 restricted stock units into 667 RBB Bancorp common shares, then had 275 shares withheld to cover taxes. After these transactions, Chang directly held 2,772 common shares, reflecting a net increase in owned stock from the RSU conversion.

Was the RBB (RBB) Form 4 transaction a stock purchase or derivative exercise?

The RBB Bancorp Form 4 reports a derivative exercise, not an open-market purchase. Restricted stock units were converted into 667 common shares, classified under transaction code M for derivative exercise or conversion, with no cash purchase recorded as a traditional buy transaction.

How many RBB Bancorp shares does Ashley Chang hold after the Form 4 transactions?

Following the reported transactions, Ashley Chang directly holds 2,772 RBB Bancorp common shares. This total reflects 667 shares received from restricted stock unit conversion, offset by 275 shares disposed of to satisfy tax obligations related to the equity award settlement.

What tax-related share disposition did RBB (RBB) disclose for Ashley Chang?

RBB Bancorp disclosed a tax-withholding disposition of 275 common shares for Ashley Chang. The transaction used code F, meaning shares were delivered back to cover the exercise price or tax liability arising from the settlement of equity awards on February 20, 2026.

What outstanding equity awards for Ashley Chang are shown in the RBB Form 4?

The Form 4 lists options to buy 6,000 and 30,000 RBB Bancorp shares and 3,971 restricted stock units. Footnotes explain these options and RSUs vest in annual installments beginning one year after their respective grant dates, with vested RSUs settled in common stock.

Did RBB (RBB) note any corrections to prior Form 4 filings for Ashley Chang?

A footnote explains that a May 12, 2025 Form 4 for Ashley Chang omitted information in Table II and overstated the RSUs granted on May 8, 2025. That Form 4 was amended and clarified that RSU grants will be settled in RBB Bancorp common stock.