Director David Richard Morris filed a Form 4 with the SEC on October 29, 2026, disclosing a gift of 2,400 shares of RBB Bancorp common stock to a charitable organization on October 27, 2026, along with a correction to the ownership form of shares previously misreported.

Key Highlights

  • Charitable gift: Morris disposed of 2,400 shares of RBB Bancorp common stock via a gift (transaction code G) to a charitable organization at a price of $0 on October 27, 2026.
  • Post-transaction holdings: Following the reported transaction, Morris indirectly beneficially owns 41,022 shares through a family trust.
  • Ownership correction: The filing notes that shares held in the family trust were "previously inadvertently reported as directly beneficially owned" and are now corrected to reflect indirect beneficial ownership.
  • Family trust structure: The trust holds shares for the benefit of Morris's children, with Morris serving as co-trustee alongside his spouse, and Morris may be deemed to have voting and investment power over those shares.
  • Restricted stock units: Morris also holds 700, 2,225, and 3,164 restricted stock units directly, vesting on May 21, 2027, February 21, 2027, and March 20, 2027, respectively, each convertible to common stock on a one-for-one basis.

Morris Reports Charitable Share Gift and Corrects Trust Ownership at RBB Bancorp

According to the Form 4 filed on October 29, 2026, David Richard Morris, a director of RBB Bancorp (NASDAQ:RBB), disposed of 2,400 shares of the company's common stock (no par value) on October 27, 2026, through a gift to a charitable organization. The transaction was recorded at a price of $0, consistent with a charitable gift rather than a market sale. No derivative securities were involved in the reported transaction.

The filing also discloses a correction to how Morris's family trust shares have been reported. The filing states that 41,022 shares held in a trust for the benefit of Morris's children "were previously inadvertently reported as directly beneficially owned by the reporting person and are now reported as indirectly beneficially owned." Morris serves as co-trustee of the trust alongside his spouse and may be deemed to have voting and investment power over those shares.

In Table II, the filing discloses three tranches of restricted stock units held directly by Morris: 700 units vesting on May 21, 2027; 2,225 units vesting on February 21, 2027; and 3,164 units vesting on March 20, 2027. The filing notes that each restricted stock unit converts into one share of common stock on a one-for-one basis. No restricted stock unit transactions were reported in this filing.

What Was Disclosed

Director David Morris disclosed a charitable gift of 2,400 RBB Bancorp shares at $0 on October 27, 2026, corrected the ownership classification of 41,022 trust-held shares from direct to indirect, and reported three outstanding restricted stock unit tranches totaling 6,089 units.