Abate Christopher J 4

What Happened
Christopher J. Abate, a director of Heritage Commerce Corp. (HTBK), had 6,980 shares of HTBK disposed to the issuer on April 17, 2026 as part of the company’s merger into CVB Financial Corp. The HTBK shares were cancelled and converted into merger consideration — 0.65 CVB Financial (CVBF) shares per HTBK share — resulting in 4,537 CVBF shares. The Form 4 reports a $0.00 per-share cash price because the HTBK shares were exchanged under the merger, not sold for cash.

Key Details

• Transaction date: 2026-04-17; Report filed 2026-04-17 (timely).
• Transaction type/code: Disposition to issuer (D) — merger conversion.
• Shares disposed: 6,980 HTBK shares; Conversion: 6,980 × 0.65 = 4,537 CVBF shares.
• Reported cash proceeds: $0.00 (shares cancelled and converted into stock of CVBF).
• Notable footnotes: F1 — each HTBK share was converted into 0.65 CVBF shares at the Effective Time of the merger; F2 — outstanding restricted stock awards accelerated and were converted into the merger consideration.
• Shares owned after transaction: Not specified in the provided filing data.

Context
This was a corporate merger transaction (Heritage Commerce into CVB Financial), not an open-market sale, so it reflects the exchange of HTBK equity for CVBF stock under the merger agreement rather than a director-initiated liquidation. To assess value received, check CVBF’s market price around the merger Effective Time.