Elliott Frank T. IV 4

What Happened
Elliott Frank T. IV, a director of Community West Bancshares (CWBC), received a grant of 1,451 restricted stock units (RSUs) on 2026-05-06. The filing reports a per‑RSU grant value of $24.13, implying a total grant value of about $35,013. The award was reported as a derivative acquisition (Form 4 code A) with $0 cash paid at grant.

Key Details

• Transaction date: 2026-05-06; Form 4 filed 2026-05-08 (appears timely).
• Grant: 1,451 RSUs; per‑RSU value on grant date $24.13; total ≈ $35,012.63.
• Acquisition type: Award/Grant of RSUs (derivative), not an open‑market purchase or sale.
• Shares owned following the transaction: not disclosed in the provided filing details.
• Footnote: RSUs vest on the anniversary of the grant; cash dividends (if any) are withheld and paid only upon vesting and are subject to forfeiture to the same extent as the RSUs.

Context
RSUs are a contingent right to receive company shares upon vesting; they do not represent immediate share ownership or a market purchase/sale. Such director compensation awards are common and reflect equity compensation, not necessarily a signal of near‑term trading intent.