Fonti Seth 4

What Happened

• Seth Fonti, Chief Financial Officer of Heritage Commerce Corp. (HTBK), received a grant of 19,463 restricted stock units (RSUs) on 2026-03-05. The grant is reported as a derivative award (code A) with an acquisition price of $0.00 (typical for compensation awards).

Key Details

• Transaction date and filing: Grant dated 2026-03-05; Form 4 filed 2026-03-09. The filing does not include a late‑filing flag.
• Award size and value: 19,463 RSUs granted; reported acquisition price $0.00 (award/compensation), no cash paid.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1: Each RSU represents a right to receive one share of common stock.
  • F2: RSUs vest in three equal annual installments: 3/5/2027, 3/5/2028, and 3/5/2029.
• Transaction type: Derivative award (A = grant/award).

Context

• RSU awards are a form of equity compensation and do not represent an immediate market purchase or sale; shares are delivered when RSUs vest (per the schedule above).
• Such grants are routine for executive pay and should be viewed as compensation rather than a direct buy/sell signal.