Edmonds-Waters Christopher 4

4 · HERITAGE COMMERCE CORP · Filed Mar 11, 2026

AI-generated summary of this filing

Updated Mar 12, 2026

Heritage Commerce (HTBK) EVP Christopher Edmonds‑Waters Exercises RSUs, Receives Shares

What Happened

Christopher Edmonds‑Waters, EVP & People & Culture Officer at Heritage Commerce Corp (HTBK), had RSU activity on March 10, 2026. The filing reports an exercise/conversion of 2,796 derivative units into common shares (reported as acquired and then disposed) and the acquisition of 139 shares resulting from a stock dividend tied to partial RSU vesting. All transactions are reported at $0.00 per share (no cash purchase price reported).

Key Details

Transaction date: 2026-03-10; Filing date: 2026-03-11 (timely).
Reported entries: M (exercise/conversion of derivative) — 2,796 shares acquired and 2,796 shares disposed; A (grant/award) — 139 shares acquired. All at $0.00.
Shares owned after the transactions: not disclosed in the provided filing data.
Footnotes: (F1) 139 shares were issued as a stock dividend upon partial RSU vesting; (F2) RSUs convert one-for-one into common stock; (F3) RSUs vest annually in three equal installments beginning March 10, 2026 (next vest dates: 3/10/2027 and 3/10/2028).
No indication in the filing of a 10b5‑1 plan, tax withholding method, or late filing.

Context

This is RSU-related activity (grant/vesting and conversion). RSU conversions and awards typically reflect compensation vesting rather than an open‑market purchase or sale; the 2,796 converted shares were reported as disposed (the filing does not specify whether that disposal was a sale, net settlement, or other settlement method). The 139 shares are additional stock from a dividend tied to the partial vesting of the RSUs.

Form 4

Period: 2026-03-10

EVP/People & Culture Officer

Transactions

Exercise/Conversion
Common Stock, No Par Value
2026-03-10+2,796→ 9,500 total
Award
Common Stock, No Par Value
[F1]
2026-03-10+139→ 9,639 total
Exercise/Conversion
Restricted Stock Unit
[F2][F3]
2026-03-10−2,796→ 5,592 total
Exercise: $0.00From: 2026-03-10Exp: 2028-03-10→ Common Stock, No Par Value (2,796 underlying)

Holdings

Restricted Stock Unit
Exercise: $0.00From: 2025-05-31Exp: 2027-05-31→ Common Stock, No Par Value (20,000 underlying)
20,000
Performance-Based Restricted Stock Unit
Exercise: $0.00From: 2028-03-10Exp: 2028-03-10→ Common Stock, No Par Value (8,388 underlying)
8,388
Restricted Stock Unit
Exercise: $0.00From: 2027-03-05Exp: 2029-03-05→ Common Stock, No Par Value (13,997 underlying)
13,997

Footnotes (3)

[F1]The reporting person acquired 139 shares of the Company's Common Stock as a result of the stock dividends payable to the reporting person upon the partial vesting of the RSUs grant.
[F2]Restricted Stock Units (RSUs) convert into shares of the Company's Common Stock on a one-for-one basis.
[F3]The RSUs vest annually in three equal installments commencing on March 10, 2026, the first anniversary of the holder's grant date. The second tranche will vest on March 10, 2027. The remaining RSUs will vest on March 10, 2028.

Signature

/s/Janisha Sabnani as Attorney-in-Fact for Christopher Edmonds-Waters|2026-03-11

1 file