RBB Bancorp (RBB) director awarded 2,862 RSUs and exercises 2,862
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RBB Bancorp director Robert Franko reported compensation-related equity activity involving restricted stock units (RSUs) and common shares. On May 21, 2026, 2,162 RSUs vested and were converted into 2,162 shares of common stock, and 700 RSUs from a prior grant vested and converted into 700 common shares. The filing also shows a new grant of 2,862 RSUs at a conversion price of $0.00 per unit, with 2,162 units vesting immediately and 700 scheduled to vest on the one-year anniversary of the grant date. Following these transactions, Franko directly holds 14,804 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,862 shares exercised/converted
Mixed
5 txns
Insider
Franko Robert
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 700 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,862 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,162 | $0.00 | -- |
| Exercise | Common Stock, No Par Value | 700 | $0.00 | -- |
| Exercise | Common Stock, No Par Value | 2,162 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock, No Par Value — 12,642 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On May 21, 2025, the reporting person was granted 3,421 restricted stock units: 2,721 immediately vested and 700 vested on the one year anniversary of the grant date. On May 21, 2026, the reporting person was granted 2,862 restricted stock units: 2,162 vested immediately and 700 will vest on the one year anniversary of the grant date.
Key Figures
RSUs vested and converted: 2,162 shares
Prior-grant RSUs vested: 700 shares
New RSU grant: 2,862 units
+4 more
7 metrics
RSUs vested and converted
2,162 shares
Restricted stock units converted into common stock on May 21, 2026
Prior-grant RSUs vested
700 shares
Restricted stock units from May 21, 2025 grant converting into common stock
New RSU grant
2,862 units
Restricted stock units granted on May 21, 2026
Immediate vesting from 2026 grant
2,162 units
Portion of 2,862 RSU grant that vested immediately
RSUs vesting in one year
700 units
Portion of 2026 RSU grant vesting on one-year anniversary
Common shares held after transactions
14,804 shares
Director’s direct holdings following reported equity activity
Total derivative exercises
2,862 shares
Aggregate derivative exercises reported in transaction summary
Key Terms
Restricted stock units, derivative security, one-for-one basis, grant, award, or other acquisition
4 terms
Restricted stock units financial
"The filing lists transactions in "Restricted Stock Units" that convert into common stock."
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.
derivative security financial
"Transaction code M is described as "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.
one-for-one basis financial
"A footnote states "Restricted stock units convert into common stock on a one-for-one basis.""
grant, award, or other acquisition financial
"Transaction code A is defined as "Grant, award, or other acquisition" for RSUs."
FAQ
What insider transactions did RBB (RBB) director Robert Franko report?
Robert Franko reported the vesting and conversion of restricted stock units into common shares and a new restricted stock unit grant. These are compensation-related awards, not open-market purchases or sales of RBB Bancorp stock.
How many restricted stock units did the RBB director have vest and convert?
On May 21, 2026, 2,162 restricted stock units vested and converted into 2,162 common shares, and 700 restricted stock units from a prior grant vested and converted into 700 common shares, reflecting compensation earned rather than market trading.
What new equity award did RBB Bancorp (RBB) grant to its director?
On May 21, 2026, Robert Franko was granted 2,862 restricted stock units with a conversion price of $0.00 per unit. According to the filing, 2,162 vested immediately and 700 will vest on the one-year anniversary of the grant date.
Do these RBB Form 4 transactions involve open-market buying or selling?
No. The transactions involve the vesting, conversion, and grant of restricted stock units at a $0.00 conversion price. The filing does not show any open-market purchases or sales of RBB Bancorp common stock by the director.