Yarbenet William M. 4/A

What Happened
William M. Yarbenet, Senior Vice President & Chief Credit Officer of United Security Bancshares, reported a disposition to the issuer of 75,475.04 shares of UBFO on April 1, 2026. The reported disposition price is $0.00 because the shares were transferred pursuant to the Merger Agreement with Community West Bancshares; each UBFO share converted into the right to receive 0.4520 shares of Community West. The merger became effective at 12:01 a.m. on April 1, 2026 and unvested restricted stock awards automatically vested and became entitled to the same merger consideration.

Key Details

• Transaction date: 2026-04-01; disposition type: merger conversion to issuer.
• Shares disposed: 75,475.04 UBFO shares; reported price: $0.00 (conversion into stock).
• Conversion ratio: each UBFO share → 0.4520 Community West shares (≈34,114.72 Community West shares).
• Filing: Amended Form 4 filed 2026-04-13 to correct the disposition price, clarify footnote language, and state the reporting person is no longer subject to Section 16 reporting for UBFO; original Form 4 was filed April 3, 2026.
• Shares owned after transaction: not reported in this filing; reporting person indicated they are no longer subject to Section 16 reporting for UBFO.

Context
This was a merger-related disposition (conversion of stock under the Merger Agreement), not an open-market sale. The $0.00 price reflects share conversion into Community West stock rather than cash proceeds; such transactions are routine in M&A and do not, by themselves, indicate the insider's market view.