RBB Bancorp (RBB) EVP reports option exercise and tax share withholding
Rhea-AI Filing Summary
RBB Bancorp EVP Ashley Chang reported routine equity compensation activity involving restricted stock units and stock options. On May 8, 2026, Chang exercised derivative awards to acquire 993 shares of common stock at an exercise price of $24.05 per share.
As part of the same event, 409 shares of common stock were disposed of to cover tax obligations, leaving Chang with 3,356 common shares held directly. The filing also shows outstanding derivative positions, including fully vested options for 30,000 shares at $17.74 expiring on January 21, 2031 and 6,000 shares at $20.55 expiring on January 22, 2030, along with restricted stock units that vest between February 21, 2027 and May 8, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 584 shares
Net Buy
6 txns
Insider
Chang Ashley
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 993 | $0.00 | $0.00 |
| Exercise | Common Stock, No Par Value | 993 | $24.05 | $24K |
| Exercise Price or Tax Liability | Common Stock, No Par Value | 409 | $24.05 | $10K |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,645 shares (Direct);
Common Stock, No Par Value — 3,356 shares (Direct);
Option (right to buy) — 36,000 shares (Direct)
Footnotes (5)
- F1. These options granted on 01/22/2020 are fully vested.
- F2. These options granted on 01/21/2021 are fully vested.
- F3. There will be no expiration date once restricted stock units vest.
- F4. These remaining restricted stock units vest on 02/21/2027.
- F5. These remaining restricted stock units vest in three equal annual installments beginning on 05/08/2027, 05/08/2028 and 05/08/2029.
Key Figures
Common shares acquired via exercise: 993 shares
Tax-withholding shares disposed: 409 shares
Post-transaction common holdings: 3,356 shares
+4 more
7 metrics
Common shares acquired via exercise
993 shares
Derivative exercise of awards into common stock at $24.05
Tax-withholding shares disposed
409 shares
Shares delivered to cover tax liability on equity awards
Post-transaction common holdings
3,356 shares
Common Stock, No Par Value held directly after transactions
Option position 1
30,000 shares at $17.74
Fully vested options expiring January 21, 2031
Option position 2
6,000 shares at $20.55
Fully vested options expiring January 22, 2030
Restricted stock units underlying
667 shares
RSUs tied to common stock with future vesting dates
Exercise price per share
$24.05
Price used in derivative exercise into common stock
Key Terms
Restricted Stock Units, Option (right to buy), tax-withholding disposition, Exercise or conversion of derivative security, +1 more
5 terms
Restricted Stock Units financial
"The filing lists holdings of Restricted Stock Units linked to 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.
Option (right to buy) financial
"Holdings include Option (right to buy) awards over common stock."
tax-withholding disposition financial
"A tax-withholding disposition of 409 shares was recorded under code F."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Exercise or conversion of derivative security financial
"Transaction code M is described as Exercise or conversion of derivative security."
fully vested financial
"Footnotes state these options granted on 01/22/2020 and 01/21/2021 are fully vested."
FAQ
What insider transactions did RBB (RBB) EVP Ashley Chang report?
Ashley Chang reported exercising derivative awards for 993 common shares at $24.05 per share and a related tax-withholding disposition of 409 shares. These entries reflect routine equity compensation activity rather than open-market buying or selling of RBB stock.
What stock options does Ashley Chang hold in RBB (RBB) after this Form 4?
The filing lists fully vested options over 30,000 shares at an exercise price of $17.74 expiring on January 21, 2031, and 6,000 shares at $20.55 expiring on January 22, 2030. These options give Chang the right to buy RBB common stock at those fixed prices.
How were taxes handled on Ashley Chang’s RBB (RBB) equity award exercise?
To cover tax obligations tied to the equity award exercise, 409 shares of RBB common stock were disposed of under transaction code F. This tax-withholding disposition means shares were delivered for taxes rather than sold in an open-market transaction for investment purposes.
What restricted stock units in RBB (RBB) remain for Ashley Chang and when do they vest?
The derivative holdings include RBB restricted stock units linked to 667 underlying shares of common stock. Footnotes state remaining units vest on February 21, 2027 and in three equal annual installments beginning May 8, 2027, then May 8, 2028 and May 8, 2029.
Does this RBB (RBB) Form 4 show any open-market stock purchases or sales?
No open-market purchases or sales are shown. The key entries are a derivative exercise for 993 shares (code M) and a tax-withholding disposition of 409 shares (code F). Both are typical equity compensation mechanics rather than discretionary trading in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
