Hammack Heather 4/A

What Happened
Heather Hammack, a director of United Security Bancshares (UBFO), recorded dispositions of 31,398 company shares in connection with the merger that closed April 1, 2026. The filing shows: 16,398 shares disposed to the issuer at $10.51 each for $172,343, and a separate disposition of 15,000 shares classified as a derivative disposition (price and value not reported). These were dispositions to the issuer under the Merger Agreement—not open-market sales.

Key Details

• Transaction date: April 1, 2026 (effective time of the merger was 12:01 a.m. on April 1, 2026). Transaction code: D (Disposition to issuer).
• Prices/values reported: 16,398 shares at $10.51 = $172,343; 15,000-share derivative disposition listed as N/A (no price/value reported). Total shares disposed: 31,398.
• Merger terms (footnote): each UBFO share (other than excluded/dissenting shares) converted into the right to receive 0.4520 share of Community West; unvested restricted stock awards vested and were entitled to the merger consideration. (Footnote F1)
• Options treatment (footnote): reporting person’s stock options were converted per the merger into rights to receive any amount determined relative to $10.29 (20‑day VWAP ending 3/27/2026). (Footnote F2)
• Shares owned after transaction: not provided in the amended filing.
• Filing status: This is an amended Form 4 filed April 13, 2026 to correct the disposition price and clarify footnotes; the original Form 4 was filed April 3, 2026. The amendment also states the reporting person is no longer subject to Section 16 reporting for the company.

Context
These dispositions occurred as part of the company’s merger into Community West and reflect conversion/cash‑out mechanics under the merger agreement rather than routine insider selling in the open market. Derivative items (options/restricted awards) were handled under the merger terms; the amendment clarifies pricing and reporting status but does not imply insider sentiment about the combined company.