Edmonds-Waters Christopher 4

What Happened
Christopher Edmonds‑Waters, EVP & People & Culture Officer of Heritage Commerce Corp (HTBK), was granted 13,997 restricted stock units (RSUs) on March 5, 2026. The grant is reported at an acquisition price of $0.00 (no cash changed hands at grant). This is an equity compensation award (not a market purchase or sale).

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-09 (filed within the Form 4 two-business-day window).
• Transaction type/code: Award/Grant (derivative RSUs), 13,997 RSUs at $0.00 reported price.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Each RSU represents a right to receive one share of HTBK common stock.
  • F2: RSUs vest annually in three equal installments: 3/5/2027, 3/5/2028, and 3/5/2029.
• No indication of a 10b5-1 plan, sale, or tax withholding in the information provided.

Context
RSUs are a form of deferred compensation: they convert into actual company shares only when they vest according to the schedule above. Because this was a grant (not a buy or sell), it does not signal an immediate market transaction by the insider. For retail investors, such awards are typically part of executive compensation and should be interpreted as compensation-related dilution risk rather than a direct bullish or bearish insider trade.