Form 4 RBB Bancorp For: May 11 Filed by: Thian Yee Phong

May 13, 2022 9:31 PM EDT

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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).
1. Name and Address of Reporting Person *
Thian Yee Phong

(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)
Former President/CEO
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2022
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 05/11/2022   M   10,763 A $ 11.1498 528,065 D  
Common Stock, No Par Value 05/11/2022   S   10,763 D $ 20.66 517,302 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) $ 11.1498               (2) 01/01/2023 Common Stock 242,156   242,156 D  
Option (right to buy) $ 11.1498               (3) 05/15/2023 Common Stock 10,763   10,763 D  
Option (right to buy) $ 13.2098               (4) 05/21/2024 Common Stock 10,250   10,250 D  
Option (right to buy) $ 17.08               (5) 05/20/2025 Common Stock 10,000   10,000 D  
Option (right to buy) $ 18.25               (6) 05/17/2026 Common Stock 10,000   10,000 D  
Option (right to buy) $ 11.1498 05/11/2022   M     10,763   (1) 05/16/2022 Common Stock 10,763 $ 11.1498 0 D  
Explanation of Responses:
1. These options vest in three equal annual installments beginning one year after the 05/16/2012 date of grant.
2. These options vest in three equal annual installments beginning one year after the 01/01/2013 date of grant.
3. These options vest in three equal annual installments beginning one year after the 05/15/2013 date of grant.
4. These options vest in three equal annual installments beginning one year after the 05/21/2014 date of grant.
5. These options vest in three equal annual installments beginning one year after the 05/20/2015 date of grant.
6. These options vest in three equal annual installments beginning one year after the 05/17/2016 date of grant.
Remarks:
Yee Phong Thian is reporting a cashless exercise and sale of 10,763 shares.
/s/ Yee Phong Thian 05/11/2022
** 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.


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