OBERG ROBERT C JR 4
4 · UNITED SECURITY BANCSHARES · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
United Security (UBFO) SVP Robert Oberg Disposes 29,469 Shares
What Happened
Robert C. Oberg Jr., Senior Vice President & Chief Risk Officer of United Security Bancshares (UBFO), had 29,469.392 shares disposed to the issuer on April 1, 2026 at $10.51 per share, reported as $309,723 total. This was a disposition to the issuer in connection with the merger of United Security into Community West Bancshares (the Merger), not an open-market sale.
Key Details
- Transaction date: 2026-04-01; filing date (Form 4): 2026-04-03 (timely filing).
- Shares disposed: 29,469.392 at $10.51 per share; total reported proceeds $309,723.
- Transaction code: D — Disposition to the issuer (merger-related).
- Footnote (F1): Disposition pursuant to the Merger Agreement (effective 12:01 a.m. on Apr 1, 2026); each United Security share (other than exclusions/dissenters) was converted into the right to receive 0.4520 share of Community West; outstanding unvested restricted stock awards vested and became entitled to the Merger Consideration.
- Footnote (F2): For disclosure purposes only.
- Shares owned after transaction: not stated in the provided filing excerpt.
Context
This was a merger-related conversion/disposition under the terms of the acquisition, which is governed by the Merger Agreement — a corporate transaction rather than a discretionary insider market sale. Such filings reflect deal mechanics (exchange or cashout) and not necessarily a personal view of the company’s prospects.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-04-01$10.51/sh−29,469.392$309,723→ 0 total
Footnotes (2)
- [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 (the "Effective Time"), 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"); each outstanding unvested Company restricted stock award automatically vested in full and became entitled to the Merger Consideration.
- [F2]For disclosure purposes only.