What does this road sign indicate?

Vehicles entering a right turn lane may encounter bicyclists traveling straight, and must yield to the bicyclists.
Drivers have the right of way over bicyclists turning left.
Vehicles traveling straight must yield to bicyclists entering a right turn lane.
None of the above.
Explanation

This is the "Begin Right Turn Lane - Yield to Bikes" regulatory sign. It is used to alert drivers that they are entering a shared space with bicyclists. It marks the point where drivers may need to merge across a bicycle lane to enter a right-turn lane.
Drivers must yield to any bicyclists continuing straight before merging, signal and check their mirrors and blind spots before moving right. Failing to yield may lead to dangerous “right hook” crashes—where a turning vehicle cuts off a cyclist traveling straight.

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