GILL JAGROOP 4

What Happened

• Director Gill Jagroop reported dispositions of United Security Bancshares (UBFO) shares on 2026-04-01. Two dispositions to the issuer were reported: 4,114.742 shares and 1,286,470 shares, each at $10.51 per share, totaling $43,246 and $13,520,800 respectively (combined ≈ $13,564,046). These were dispositions pursuant to the Merger Agreement under which United Security merged into Community West.

Key Details

• Transaction date: April 1, 2026; Report filed: April 3, 2026 (filed within the typical 2-business-day Form 4 window).
• Price reported: $10.51 per share for both dispositions.
• Shares disposed: 4,114.742 and 1,286,470 (total 1,290,584.742).
• Proceeds/consideration reported: $43,246 and $13,520,800 (total ≈ $13,564,046).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction code: D = Disposition to the issuer (not an open-market sale).
• Footnote: Dispositions were made pursuant to the Agreement and Plan of Merger dated December 16, 2025; the merger became effective at 12:01 a.m. on April 1, 2026.

Context

• These dispositions are corporate-merger driven: each share of United Security common stock (other than excluded/dissenting shares) was converted into the right to receive 0.4520 of a share of Community West common stock. Unvested restricted stock awards automatically vested and became entitled to the same merger consideration.
• This filing documents the conversion/settlement under the merger rather than a voluntary open-market sale by the insider, so it should be viewed as a transaction resulting from corporate action rather than a direct signal of insider sentiment.