Jones Robertson Clay JR 4

What Happened
Jones Robertson Clay Jr., President & CEO and a Director of Heritage Commerce Corp (HTBK), acquired a total of 10,398 shares on March 10, 2026. The filing shows conversion/exercise of a derivative for 9,897 shares at $0.00 and an award/acquisition of 501 shares at $0.00 (stock dividend payable upon partial vesting). All transactions reported a $0.00 purchase price (these were not open-market cash purchases).

Key Details

• Transaction date: 2026-03-10; filing date: 2026-03-11 (timely).
• Entries: 9,897 shares via exercise/conversion of a derivative (code M) and 501 shares via grant/award/stock dividend (code A). Reported price: $0.00 for all.
• Shares owned after the transactions: not stated in the filing.
• Footnotes: the 501 shares were stock-dividend shares payable upon partial vesting of RSUs (F1). RSUs convert one-for-one into common stock (F2). The RSU grant vests in three equal annual tranches beginning March 10, 2026 (F3).
• No indication in the filing of an immediate market sale of the newly acquired shares.

Context
These entries reflect RSU vesting and related stock-dividend issuance rather than an open-market buy or sale; such vesting is a routine compensation event and does not by itself indicate a change in the insider’s market view. The derivative (M) lines represent conversion/exercise activity tied to equity awards and the extinguishment of the related derivative instruments.