03/09/2026 | Press release | Distributed by Public on 03/09/2026 18:16
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Option (right to buy) | $10.74 | 03/05/2026 | M | 33,009 | 10/11/2019 | 07/01/2028 | Heritage Commerce Corp - Common Stock | 33,009 | $ 0 | 0 | D | ||||
| Employee Stock Option (right to buy) | $10.74 | 03/05/2026 | M | 16,390 | 10/11/2019 | 07/01/2028 | Heritage Commerce Corp - Common Stock | 16,390 | $ 0 | 0 | D | ||||
| Restricted Stock Unit | $ 0 (3) | 03/05/2026 | A | 49,543 | 03/05/2027(4) | 03/05/2029 | Common Stock, No Par Value | 49,543 | $ 0 | 49,543 | D | ||||
| Restricted Stock Unit | $ 0 | 05/02/2024 | 05/02/2026 | Common Stock, No Par Value | 10,492 | 10,492 | D | ||||||||
| Restricted Stock Unit | $ 0 | 03/08/2025 | 03/08/2027 | Common Stock, No Par Value | 26,424 | 26,424 | D | ||||||||
| Performance-Based Restricted Stock Unit | $ 0 | 03/08/2027 | 03/08/2027 | Common Stock, No Par Value | 39,635 | 39,635 | D | ||||||||
| Performance-Based Restricted Stock Unit | $ 0 | 05/02/2026 | 05/02/2026 | Common Stock, No Par Value | 31,477 | 31,477 | D | ||||||||
| Restricted Stock Unit | $ 0 | 03/10/2026 | 03/10/2028 | Common Stock, No Par Value | 29,691 | 29,691 | D | ||||||||
| Performance-Based Restricted Stock Unit | $ 0 | 03/10/2028 | 03/10/2028 | Common Stock, No Par Value | 29,690 | 29,690 | D | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Jones Robertson Clay JR 224 AIRPORT PARKWAY SAN JOSE, CA 95110 |
X | President and CEO | ||
| /s/Janisha Sabnani as Attorney-in-Fact for Robertson Clay Jones Jr. | 03/09/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Net exercise of nonqualified stock options, 14,962 shares have been surrendered in satisfaction of the option exercise price and related taxes withholding. |
| (2) | Net exercise of incentive stock options. 28,522 shares have been surrendered in satisfaction of the option exercise price. |
| (3) | Each restricted stock unit represents a right to receive one share of Issuer common stock. |
| (4) | The restricted stock units vest annually in three equal installments commencing on 03/05/2027, the first anniversary of the holder's grant date. The second tranche will vest on 03/05/2028. The remaining RSUs will vest on 3/5/2029. |