WOODS DENNIS R 4/A

4/A · UNITED SECURITY BANCSHARES · Filed Apr 13, 2026

AI-generated summary of this filing

Updated Apr 13, 2026

United Security (UBFO) CEO Dennis R. Woods Sells Shares in Merger

What Happened

Dennis R. Woods, CEO and director of United Security Bancshares (UBFO), had a total of 1,186,857 UBFO shares disposed in connection with the company’s merger into Community West. The filing reports three dispositions (230,202; 10,644; 946,011) with a reported price/value of $0 because the shares were converted pursuant to the merger agreement rather than sold for cash.

Key Details

Transaction dates and types:
- 2026-04-01: Disposition to the issuer — 230,202 shares @ $0.00
- 2026-03-24: Payment of exercise price or tax liability — 10,644 shares @ $0.00
- 2026-04-01: Disposition to the issuer — 946,011 shares @ $0.00
Total shares disposed: 1,186,857 UBFO shares.
Reporting/ownership: The amendment clarifies the reporting person is no longer subject to Section 16 reporting for United Security following the merger; the filing reflects conversion/disposition rather than an open-market sale.
Notable footnotes:
- F1: Transactions were pursuant to the Merger Agreement (effective 4/1/2026); each UBFO share (except exclusions/dissenters) converted into 0.4520 shares of Community West common stock; unvested restricted awards vested and became entitled to the merger consideration.
- F2/F3: Some shares were held directly and in trusts where Mr. Woods is trustee (disclosure details).
Amendment: This is an amended Form 4 filed to correct the disposition price and clarify Section 16 status and footnote language.

Context

This was not an open-market sale: the $0 reported price reflects share conversion under a merger (share-for-share consideration), not a cash receipt. Under the merger, UBFO shares were converted into Community West stock at a 0.4520 exchange ratio; unvested awards vested and were converted as well. The amendment mainly corrects reporting details and notes Mr. Woods is no longer required to file Section 16 reports for United Security post-merger.

Form 4/AAmendedExit

Period: 2026-03-24

DirectorCEO

Transactions

Disposition to Issuer
Common Stock
[F1][F2]
2026-04-01−230,202→ 0 total
Tax Payment
Common Stock
[F3]
2026-03-24−10,644→ 0 total(indirect: By Trust)
Disposition to Issuer
Common Stock
[F3]
2026-04-01−946,011→ 0 total(indirect: By Trust)

Footnotes (3)

[F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 16, 2025 (the "Merger Agreement"), by and between Community West Bancshares ("Community West") and United Security Bancshares (the "Company"), providing for the Company to merge (the "Merger") with and into Community West with Community West being the surviving entity. The Merger became effective at 12:01 a.m. on April 1, 2026, at which time (i) each share of Company common stock, other than excluded shares and dissenting shares, was converted into the right to receive 0.4520 of a share of common stock of Community West (the "Merger Consideration"); (ii) each outstanding unvested Company restricted stock award automatically vested in full and became entitled to the Merger Consideration.
[F2]Represents shares held by Mr. Woods directly. For disclosure purposes only.
[F3]Shares held in various trusts where Mr. Woods serves as the trustee with voting power over shares.

Signature

/S/ DENNIS R WOODS|2026-04-13

1 file