Giacobbe Gail B. 4

What Happened Gail B. Giacobbe, a director of Heritage Financial Corp (HFWA), exercised stock options to acquire 2,218 shares at an exercise price of $27.61 per share (total value $61,239) on May 1, 2026. The Form 4 shows those same 2,218 shares were disposed of on the same date — indicating an exercise followed by an immediate sale or transfer of the acquired shares.

Key Details

• Transaction date: 2026-05-01; Exercise price: $27.61; Shares acquired: 2,218; Acquisition value: $61,239.
• Simultaneous disposal: 2,218 shares at $27.61; Disposal value: $61,239.
• Transaction code: M (exercise or conversion of derivative security).
• Shares owned after transaction: not specified in the provided summary — see the full Form 4 for "Amount of securities owned following reported transaction."
• Filing date: 2026-05-04 — filed promptly after the May 1 transaction (timely filing based on standard Form 4 deadlines).
• No 10b5-1 plan, tax-withholding, or other footnotes were provided in the supplied details.

Context An exercise paired with an immediate disposition is commonly a cashless exercise or a sale to cover exercise costs and taxes; the filing itself shows both the acquisition and the disposition, so there was no net increase in shares held according to the reported transactions. This type of transaction documents option exercise and liquidity actions rather than a straightforward buy or sell that signals new conviction. For exact post-transaction holdings or additional notes, consult the full SEC Form 4 filing (Accession: 0001628280-26-029627).