STOVESAND KIRK 4

What Happened
Kirk Stovesand, a director of Community West Bancshares (CWBC), exercised 1,350 option-derived shares on February 23, 2026 at an exercise cost of $13.08 per share (total $17,658) and, on the same date, disposed of 1,350 shares at $23.48 per share for proceeds of $31,698. The paired exercise and sale indicate a cashless exercise / immediate sale of the shares received from option conversion; net cash received from the round-trip was $14,040.

Key Details

• Transaction date: 2026-02-23 (reported on Form 4 filed 2026-03-02).
• Exercise: 1,350 shares @ $13.08 = $17,658 (code M — option exercise/conversion).
• Disposition: 1,350 shares @ $23.48 = $31,698 (sale of the exercised shares).
• Shares owned after transaction: not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Notable notes: the filing shows an option exercise (M) paired with a same-day sale; the excerpt does not explicitly show a 10b5-1 plan or tax-withholding flags — check the full filing for footnotes and timeliness flags.

Context
When an insider exercises options and immediately sells the resulting shares, it is typically a liquidity transaction (often called a cashless exercise). This pattern is common and does not by itself indicate a change in sentiment about the company’s long-term prospects. The important facts for investors are the sizes, prices, and that the sale was derived from options rather than an open-market purchase.