GILL JAGROOP 4/A
4/A · UNITED SECURITY BANCSHARES · Filed Apr 13, 2026
Research Summary
AI-generated summary of this filing
United Security (UBFO) Director Gill Jagroop Disposes Shares in Merger
What Happened
Gill Jagroop, a director of United Security Bancshares (UBFO), recorded dispositions of 376.74 and 1,286,470 UBFO shares (total 1,286,846.74 shares) on April 1, 2026. The shares were disposed to the issuer at $0.00 per share because they were converted as part of the merger with Community West Bancshares (the Merger). Under the Merger Agreement, each UBFO share (other than excluded or dissenting shares) was converted into the right to receive 0.4520 shares of Community West stock — meaning Jagroop received roughly 581,655 Community West shares in exchange.
Key Details
- Transaction date: April 1, 2026 (Effective Time: 12:01 a.m. ET)
- Reported disposition entries: 376.74 shares and 1,286,470 shares; price shown $0.00; total reported cash = $0.00
- Merger consideration: 0.4520 Community West shares per UBFO share (approx. 581,655 CW shares received)
- Shares owned after transaction: not reported in this Form 4; filing notes the reporting person is no longer subject to Section 16 reporting for UBFO
- Filing status: This is an amended Form 4 filed April 13, 2026 (original Form 4 filed Apr 3) to correct the disposition price and clarify reporting status and footnote language
Context
- This was not an open‑market sale for cash but a disposition because UBFO shares were converted into Community West shares under the merger agreement.
- Amended filing clarifies the director is no longer subject to Section 16 reporting for UBFO going forward and corrects prior disclosure; it does not by itself indicate trading intent.
Insider Transaction Report
Form 4/AAmended
GILL JAGROOP
Director
Transactions
- Disposition to Issuer
Common Stock
[F1]2026-04-01−376.74→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
[F1]2026-04-01−1,286,470→ 0 total(indirect: Tr)
Footnotes (1)
- [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 (the "Effective Time"), 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"); each outstanding unvested Company restricted stock award automatically vested in full and became entitled to the Merger Consideration.
Signature
/S/ JAGROOP GILL|2026-04-13