Stronks Timothy Joseph 4

What Happened

• Timothy Joseph Stronks, Executive Vice President of Community West Bancshares (CWBC), exercised 15,800 option shares on 2026-03-13 at $16.35 per share (total cost $258,330) and on the same day disposed of 15,800 shares at $22.54 per share (gross proceeds $356,132). The paired acquisition and disposition result in no net change in beneficial ownership for that block of shares. The filing was made on 2026-03-16 and is within the SEC’s two-business-day Form 4 filing window.

Key Details

• Transaction date: 2026-03-13
• Exercise (M): 15,800 shares at $16.35 — $258,330 total
• Disposition (M): 15,800 shares at $22.54 — $356,132 total (derivative disposition following exercise)
• Net effect: 15,800 shares acquired and 15,800 shares sold (net zero change for this block)
• Shares owned after transaction: not specified in the provided data
• Filing date: 2026-03-16 (timely under SEC 2-business-day rule)
• No 10b5-1 plan, tax-withholding, or other footnotes were reported in the provided details

Context

• Because the exercise and sale occurred the same day for the same share count, this appears to be a cashless exercise or same-day sale to cover the option cost/tax obligations — a common, routine move by insiders to realize gains from options. This filing shows execution of option rights and immediate disposition, not a separate market purchase or gift.