Sabnani Janisha 4

What Happened Janisha Sabnani, EVP, General Counsel and Corporate Secretary of Heritage Commerce Corp (HTBK), received an award of 14,613 restricted stock units (RSUs) on March 5, 2026. The grant is recorded at $0.00 per unit (derivative award) — RSUs represent the right to receive shares in the future rather than an immediate purchase of stock. This is a compensation grant, not an open-market buy or sell.

Key Details

• Transaction date: 2026-03-05; Form 4 filed 2026-03-09 (timely within the usual 2-business-day window).
• Award: 14,613 RSUs; reported price $0.00 (derivative award, no cash paid).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each RSU equals a right to one share. F2 — RSUs vest in three equal annual installments on 3/5/2027, 3/5/2028 and 3/5/2029.
• No 10b5-1 plan, sale, or tax-withholding details were disclosed in this filing.

Context RSU grants are routine compensation for executives and vest over time; they do not represent immediate ownership of company stock until vested. Such grants are common and should be interpreted as part of pay/retention programs rather than a direct bullish or bearish market signal.