Jones Robertson Clay JR 4

What Happened

• Jones Robertson Clay Jr, President, CEO and a director of Heritage Commerce Corp (HTBK), acquired shares on March 8, 2026 via equity awards and conversion of a derivative. The filing shows two conversions of 13,212 shares each (transaction code M) and an award/acquisition of 1,427 shares (transaction code A), for a total of 27,851 shares. All transactions are reported at $0.00 per share (no cash paid).

Key Details

• Transaction date: March 8, 2026; filing date: March 10, 2026 (filed within the normal two‑business‑day window).
• Reported prices: $0.00 for all entries — these reflect conversion/award events (not open‑market buys or sales).
• Shares acquired: 13,212 (M), 1,427 (A), 13,212 (M) — total 27,851 shares.
• Shares owned after transaction: not specified in the summary supplied (check the full Form 4 for post‑transaction holdings).
• Footnotes: F1 — 1,427 shares were stock dividends payable upon partial vesting of RSUs; F2 — RSUs convert 1:1 into common stock; F3 — RSUs vest annually in three equal installments beginning Mar 8, 2025, with remaining RSUs vesting Mar 8, 2027.

Context

• These entries reflect vesting/conversion of restricted stock units (RSUs) and related stock dividends, not a market purchase or sale. The $0.00 price indicates issuance on conversion/vesting rather than a bought position. Such insider acquisitions from vesting are routine and result from compensation plans rather than an open‑market investment decision.