Mahmood Nabeel 4/A

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.