Sabnani Janisha 4

4 · HERITAGE COMMERCE CORP · Filed Mar 11, 2026

AI-generated summary of this filing

Updated Mar 12, 2026

Heritage Commerce (HTBK) EVP Janisha Sabnani Vests RSUs, Withholds Shares

What Happened

Janisha Sabnani, EVP / General Counsel / Corporate Secretary of Heritage Commerce (HTBK), had Restricted Stock Units (RSUs) vest on March 10, 2026. A total of 2,919 RSUs converted into common shares and an additional 146 shares were issued as a stock dividend related to the partial vesting.
To satisfy tax withholding obligations, 1,090 of the vested shares were withheld/disposed at a per-share value of $12.14, totaling $13,233. No cash exercise price was paid (exercise price $0).

Key Details

Transaction date: March 10, 2026; Form filed March 11, 2026.
Acquired: 2,919 shares from RSU conversion + 146 dividend shares (total 3,065 shares issued).
Disposed/withheld for taxes: 1,090 shares @ $12.14 = $13,233 (tax withholding, exempt under Rule 16b-3).
Net shares retained from this vesting event: 1,975 shares (3,065 issued − 1,090 withheld).
Derivative treatment: 2,919 RSUs were converted into common stock (derivative disposed/converted).
Shares owned after the transaction: not specified in the filing.
Filing timeliness: No late filing flag shown.

Context

This was a routine RSU vesting event, not an open-market purchase or a discretionary sale. Withholding shares to cover taxes is common and does not necessarily signal the insider’s market view.
RSUs convert one-for-one into common stock and vest annually in three equal installments beginning March 10, 2026 (next tranches on March 10, 2027 and March 10, 2028).

Form 4

Period: 2026-03-10

EVP/General Counsel/Corp Sec

Transactions

Exercise/Conversion
Common Stock, No Par Value
2026-03-10+2,919→ 5,860 total
Award
Common Stock, No Par Value
[F1]
2026-03-10+146→ 6,006 total
Tax Payment
Common Stock, No Par Value
[F2]
2026-03-10$12.14/sh−1,090$13,233→ 4,916 total
Exercise/Conversion
Restricted Stock Unit
[F3][F4]
2026-03-10−2,919→ 5,838 total
Exercise: $0.00From: 2026-03-10Exp: 2028-03-10→ Common Stock, No Par Value (2,919 underlying)

Holdings

Restricted Stock Unit
Exercise: $0.00From: 2027-03-05Exp: 2029-03-05→ Common Stock, No Par Value (14,613 underlying)
14,613
Performance-Based Restricted Stock Unit
Exercise: $0.00From: 2028-03-10Exp: 2028-03-10→ Common Stock, No Par Value (8,757 underlying)
8,757
Restricted Stock Unit
Exercise: $0.00From: 2026-02-27Exp: 2028-02-27→ Common Stock, No Par Value (9,524 underlying)
9,524

Footnotes (4)

[F1]The reporting person acquired 146 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]Represents RSUs withheld to satisfy tax withholding obligations in connection with the vesting of Restricted Stock, exempt under Rule 16b-3.
[F3]Restricted Stock Units (RSUs) convert into shares of the Company's Common Stock on a one-for-one basis.
[F4]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|2026-03-11

1 file