Mahmood Nabeel 4/A

4/A · UNITED SECURITY BANCSHARES · Filed Apr 13, 2026

AI-generated summary of this filing

Updated Apr 13, 2026

United Security (UBFO) Director Mahmood Nabeel Disposes Shares in Merger

What Happened

Director Mahmood Nabeel reported dispositions on April 1, 2026 related to United Security Bancshares' merger into Community West. The filing shows 23,556.883 shares were disposed to the issuer (reported price $0.00) and 15,000 derivative units (options/restricted awards) were disposed/converted (price N/A). These were merger-related conversions, not open-market sales.

Key Details

Transaction date: 2026-04-01 (effective date of the merger).
Dispositions: 23,556.883 common shares (reported at $0.00) and 15,000 derivative units (N/A).
Reported consideration: Each United Security common share converted into the right to receive 0.4520 shares of Community West per the Merger Agreement (so proceeds are in stock consideration, not cash shown on the Form 4).
Options/derivatives: Reporting-person's stock options were converted/cashed out per the merger formula using a $10.29 20-day VWAP (ending 3/27/2026) as described in the filing.
Shares owned after transaction: Not specified in this amendment.
Filing status: This is an AMENDED Form 4 (filed 2026-04-13) clarifying that the reporting person is no longer subject to Section 16 reporting for the company, correcting the disposition price, and clarifying footnote language.

Context

These dispositions were driven by the merger (Company merged into Community West effective 4/1/2026) and reflect conversion/cash-out mechanics in the merger agreement rather than voluntary open-market selling. For retail investors, merger-driven conversions do not necessarily signal insider sentiment about the combined company's future; they are contractually required transactions.

Form 4/AAmendedExit

Period: 2026-04-01

Director

Transactions

Disposition to Issuer
Common Stock
[F1]
2026-04-01−23,556.883→ 0 total
Disposition to Issuer
Stock Options
[F2]
2026-04-01−15,000→ 0 total
Exercise: $11.05From: 2018-12-19Exp: 2027-12-19→ Common Stock (15,000 underlying)

Footnotes (2)

[F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 16, 2025 (the "Merger Agreement"), by and between Community West Bancshares ("Community West") and United Security Bancshares (the "Company"), providing for the Company to merge (the "Merger") with and into Community West with Community West being the surviving entity. The Merger became effective at 12:01 a.m. on April 1, 2026, at which time (i) each share of Company common stock, other than excluded shares and dissenting shares, was converted into the right to receive 0.4520 of a share of common stock of Community West (the "Merger Consideration"); (ii) each outstanding unvested Company restricted stock award automatically vested in full and became entitled to the Merger Consideration.
[F2]Pursuant to the Merger Agreement, at the effective time of the merger, each of the reporting person's stock options were converted into the right to receive the amount, if any, by which the option's price exceeded $10.29 (20 day VWAP ending 3/27/2026).

Signature

/s/ Nabeel Mahmood|2026-04-13

1 file