OBERG ROBERT C JR 4

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.