Conner Jack W 4/A

What Happened
Jack W. Conner, a director of Heritage Commerce Corp (HTBK), was granted 4,022 restricted shares on March 5, 2026. The shares were awarded at $0.00 (no purchase price); vesting is tied to continued service and occurs on the first anniversary of the grant. This is a compensation award (A code), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-05; transaction type: Award/Grant (A) of 4,022 shares; price reported: $0.00.
• Vesting: Award vests on the first anniversary of the grant date, subject to continuous employment (Footnote F1).
• Beneficial ownership: The filing notes the reporting person is no longer the beneficial owner of any shares held indirectly by a trust due to transfer of investment control (Footnote F2).
• Amendment: This is an amended Form 4. An initial Form 4 was filed March 9, 2026; the March 16 amendment corrects the amount of securities beneficially owned following the transaction (Footnote F3).
• Timeliness: The filing was amended after the original report; the initial Form 4 was filed after the March 5 transaction (see timing notes above).

Context
Restricted stock awards are common executive/director compensation and are granted rather than bought or sold; they carry vesting conditions and do not necessarily signal immediate buying or selling intent. Because this is a grant (no cash outlay and vesting delayed), it differs from open‑market purchases that investors often view as a more direct bullish signal.