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OP Bancorp (NASDAQ: OPBK) lending chief exercises RSUs, uses 326 shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

OP Bancorp Chief Lending Officer Jimmy M. Bang exercised restricted stock units into common shares and had shares withheld for taxes. On March 31, 2026, 1,020 restricted stock units converted into 1,020 shares of common stock at $0.00 per share. Of these, 326 common shares were disposed of at $13.30 per share to cover tax obligations, a non-market transaction. Following these transactions, Bang directly owned 6,046 shares of common stock and 4,080 restricted stock units. The restricted stock units come from a 5,100-unit grant made on March 31, 2025 that vests in five equal annual installments.

Positive

  • None.

Negative

  • None.
Insider Bang Jimmy M
Role Chief Lending Officer
Type Security Shares Price Value
Exercise Restricted Stock Unit 1,020 $0.00 --
Exercise Common Stock 1,020 $0.00 --
Tax Withholding Common Stock 326 $13.30 $4K
Holdings After Transaction: Restricted Stock Unit — 4,080 shares (Direct); Common Stock — 6,372 shares (Direct)
Footnotes (1)
  1. Restricted stock units convert to shares of common stock on a one-for-one basis. On March 31, 2025, the reporting person was granted 5,100 shares of restricted stock units, vesting in five equal annual installments beginning on the first anniversary of the grant date.
RSUs exercised 1,020 units Restricted stock units converted to common stock on March 31, 2026
Tax-withholding shares 326 shares at $13.30 Common shares delivered to satisfy tax liability
Common shares after transactions 6,046 shares Directly owned by Jimmy M. Bang following March 31, 2026 transactions
RSUs remaining 4,080 units Restricted stock units held after March 31, 2026 exercise
Original RSU grant 5,100 units Granted March 31, 2025, vesting in five equal annual installments
Restricted Stock Unit financial
"Restricted Stock Unit ... Restricted stock units convert to shares of common stock on a one-for-one basis."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
vesting in five equal annual installments financial
"vesting in five equal annual installments beginning on the first anniversary of the grant date."
total_shares_following_transaction financial
"total_shares_following_transaction": "6046.0000""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Bang Jimmy M
(Last)(First)(Middle)
1000 WILSHIRE BLVD STE 500
(Street)
LOS ANGELES CALIFORNIA 90017
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
OP Bancorp [ OPBK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Lending Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock03/31/2026M1,020A(1)6,372D
Common Stock03/31/2026F326D$13.36,046D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)03/31/2026M1,020 (2) (2)Common Stock1,020$04,080D
Explanation of Responses:
1. Restricted stock units convert to shares of common stock on a one-for-one basis.
2. On March 31, 2025, the reporting person was granted 5,100 shares of restricted stock units, vesting in five equal annual installments beginning on the first anniversary of the grant date.
Remarks:
/s/ Jaehyun Park attorney-in-fact for Jimmy M. Bang04/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did OP Bancorp (OPBK) report for Jimmy M. Bang?

OP Bancorp reported that Chief Lending Officer Jimmy M. Bang exercised 1,020 restricted stock units into common stock and had 326 shares withheld to cover tax obligations. These actions are compensation-related rather than open-market purchases or sales, reflecting routine equity award vesting activity.

How many OP Bancorp (OPBK) shares does Jimmy M. Bang hold after this Form 4?

After the reported transactions, Jimmy M. Bang directly owns 6,046 shares of OP Bancorp common stock and 4,080 restricted stock units. This position reflects equity compensation previously granted and partially vested, aligning his interests with shareholders through continued stock-based holdings.

What was the size and price of the tax withholding transaction for OPBK stock?

The filing shows a tax-withholding disposition of 326 OP Bancorp common shares at $13.30 per share. This F-code transaction represents shares delivered to satisfy tax obligations on vested equity awards, not an open-market sale decision by the executive.

What are the terms of Jimmy M. Bang’s restricted stock unit grant at OP Bancorp (OPBK)?

On March 31, 2025, Jimmy M. Bang was granted 5,100 restricted stock units, vesting in five equal annual installments starting on the first anniversary. Each restricted stock unit converts into one share of OP Bancorp common stock, linking compensation to long-term company performance.

Does this OP Bancorp Form 4 indicate open-market buying or selling by the insider?

The Form 4 reflects an RSU vesting and tax-withholding event, not open-market buying or selling. Shares were acquired through derivative exercise and some were delivered to cover tax liabilities, a common mechanism for handling equity award taxation.