Saunders Porsche A 4/A

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

AI-generated summary of this filing

Updated Apr 13, 2026

United Security Bancshares (UBFO) SVP Saunders Porsche Sells Shares

What Happened

Saunders Porsche, Senior Vice President of United Security Bancshares (UBFO), disposed a total of 70,007.944 UBFO shares in connection with the merger of United Security into Community West Bancshares. Transactions are reported at $0 because UBFO shares were converted into Community West stock under the merger terms (see Key Details). One lot of 13,389 shares was reported under code F (tax/withholding), and two lots (48,608.806 and 8,010.138 shares) under code D (disposition to the issuer).

Key Details

Transaction dates and reported prices:
- 2026-03-24: 13,389 shares — code F (reported price $0.00)
- 2026-04-01: 48,608.806 shares — code D (reported price $0.00)
- 2026-04-01: 8,010.138 shares — code D (reported price $0.00)
Total disposed: 70,007.944 UBFO shares; total cash reported = $0.00.
Merger note: Per the Merger Agreement effective 12:01 a.m. on April 1, 2026, each UBFO share (other than excluded/dissenting shares) was converted into the right to receive 0.4520 of a Community West common share; outstanding unvested restricted awards vested and became entitled to the same consideration.
Ownership after transaction: The filer indicates they are no longer subject to Section 16 reporting for United Security (i.e., no remaining UBFO reporting obligation). The Form 4 does not report a UBFO share balance after conversion.
Filing status: This is an amended Form 4 (filed 2026-04-13) that corrects the disposition price, clarifies footnote language, and notes the reporting person is no longer subject to Section 16 reporting. The original Form 4 was filed April 3, 2026.

Context

These were not open-market sales by the insider but automatic conversion/settlement transactions caused by a merger. The $0.00 disposition price reflects that UBFO shares were converted into Community West stock (0.4520 share per UBFO share) rather than cashed out in this filing. For valuation, investors should look at Community West’s market price on/after April 1, 2026.

Form 4/AAmendedExit

Period: 2026-03-24

Other

Transactions

Tax Payment
Common Stock
2026-03-24−13,389→ 0 total
Disposition to Issuer
Common Stock
[F1]
2026-04-01−48,608.806→ 0 total
Disposition to Issuer
Common Stock
[F1]
2026-04-01−8,010.138→ 0 total(indirect: Custodial Account 2)

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, 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.

Signature

/S/ Porsche A. Saunders|2026-04-13

1 file