Edmonds-Waters Christopher 4

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.