HERITAGE COMMERCE CORP·4

Mar 9, 8:21 PM ET

Husain Kamran F 4

Research Summary

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Heritage Commerce (HTBK) Director Husain Kamran F Receives Award

What Happened
Husain Kamran F, a director of Heritage Commerce Corp (HTBK), received a grant of 4,022 restricted shares on March 5, 2026. The grant reported a price of $0.00 per share (total cash consideration $0) and is recorded on a Form 4 filed March 9, 2026. This transaction is an equity award (grant), not an open-market purchase or sale.

Key Details

  • Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (4 days later).
  • Transaction type/code: Award/Grant (A). Price reported: $0.00; total cash reported: $0.
  • Vesting: Footnote F1 — restricted stock vests on the first anniversary of the grant date, subject to continuous employment.
  • Shares owned after transaction: Not specified in the provided filing.
  • No indication in the provided data that this was a sale, exercise, or gift.

Context
Restricted stock awards are typically subject to forfeiture until they vest and are not immediately liquid. This grant aligns the director’s equity stake with future service (vesting after one year) but, by itself, is not a market purchase or sale and does not represent immediate insider selling.