Tkacz Brian 4/A

What Happened
Brian Tkacz, a director of United Security Bancshares (UBFO), reported dispositions of UBFO equity on April 1, 2026 tied to the company’s merger into Community West Bancshares. The filing shows: 16,871 shares were disposed to the issuer at $0.00 (reported value $0) and an additional 15,000 derivative shares were disposed/converted (price reported as N/A). These were not open-market sales but part of the Merger Agreement that converted UBFO shares and awards into merger consideration.

Key Details

• Transaction date: 2026-04-01 (merger effective at 12:01 a.m. on Apr 1, 2026).
• Reported dispositions: 16,871 shares at $0.00 (cash value $0); 15,000 derivative shares reported as N/A.
• Merger terms (footnote): each UBFO share (except excluded/dissenting shares) converted into 0.4520 share of Community West common stock; unvested restricted awards vested and were entitled to the same consideration.
• Options (footnote): reporting person’s stock options were converted into the right to receive any cash amount equal to the option’s price excess over $10.29 (20‑day VWAP ending 3/27/2026).
• Shares owned after transaction: not specified in the amended Form 4; the filer notes they are no longer subject to Section 16 reporting with respect to UBFO.
• Filing status: this is an amendment (filed Apr 13, 2026) to the Form 4 originally filed Apr 3, 2026 to correct price and clarify footnotes.

Context
These entries reflect merger-related dispositions (conversion/settlement) rather than voluntary market sales, so they should not be read as a classic insider sell signal. The amendment clarifies reporting status and transaction pricing; derivative/options treatment followed the Merger Agreement’s cash/conversion formula.