Elliott Frank T. IV 4

What Happened
Frank T. Elliott IV, a director of Community West Bancshares (CWBC), reported gift transactions on Dec 29, 2025. The Form 4 shows a disposition by gift of 13,001 shares at $0.00 consideration (total proceeds $0). The filing also lists two matching gift/transfer entries of 6,500 and 6,501 shares (each recorded at $0.00), consistent with the transfer of the 13,001 shares into trust accounts.

Key Details

• Transaction date: December 29, 2025; Form 4 filed February 4, 2026.
• Transaction type/code: G (Gift). Price per share reported: $0.00. Total cash exchanged: $0.
• Shares disposed: 13,001; matching transfers recorded as acquisitions of 6,500 and 6,501 shares (net effect: transfer of 13,001 shares).
• Footnote: Elliott gifted and transferred 13,001 directly owned CWBC shares to trusts for the benefit of his minor children, of which he is trustee.
• Shares owned after transaction: not specified in the excerpt provided.
• Timeliness: The Form 4 was filed about 37 days after the transaction—later than the standard 2-business-day reporting window for Form 4s.

Context
Gifts are transfers of ownership and do not involve cash proceeds; they generally do not signal buy/sell sentiment about the company. In this case, the shares were moved into trusts for minor children with Elliott as trustee, per the filing footnote. Late filing reduces near-term transparency for investors but does not itself indicate company or insider performance.