Form 4: Heritage Commerce Corp Merger Completion Form 4

Director Kamran F. Husain reports the disposal of all Heritage Commerce Corp common stock following the company's merger with CVB Financial Corp.

Summary

• Kamran F. Husain, a Director of Heritage Commerce Corp (HTBK), disposed of 28,084 shares of common stock on April 17, 2026.
• The disposal occurred due to the completion of the merger between Heritage Commerce Corp and CVB Financial Corp.
• Each share of Heritage Commerce Corp common stock was converted into the right to receive 0.65 shares of CVB Financial Corp common stock.
• All outstanding restricted stock awards held by the director were accelerated and converted into the merger consideration.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing confirming the completion of a previously announced merger.

Positives

• Successful completion of the merger agreement dated December 17, 2025.
• Full acceleration of restricted stock awards for the director upon the effective time of the merger.

Negatives

• The reporting person no longer holds any direct beneficial ownership in Heritage Commerce Corp as the entity has been acquired.

Risks

• Integration risks associated with the merger between Heritage Commerce Corp and CVB Financial Corp.

Future Outlook

The company has been acquired by CVB Financial Corp; therefore, no further independent guidance for Heritage Commerce Corp is provided.

Industry Context

StockSavvy.ai notes that this filing confirms the finalization of a regional banking consolidation, reflecting the ongoing trend of M&A activity within the U.S. banking sector to achieve scale and operational efficiencies.

Comparison to Industry Standards

• The merger follows standard industry practices for bank acquisitions, utilizing a stock-for-stock exchange ratio.
• Acceleration of restricted stock awards upon a change-in-control event is a common provision in executive compensation agreements within the financial services industry.

Stakeholder Impact

• Shareholders of Heritage Commerce Corp have had their holdings converted into CVB Financial Corp common stock.

Next Steps

• Final delisting of Heritage Commerce Corp common stock from public exchanges.

Key Dates

Keywords

Heritage Commerce Corp, HTBK, CVB Financial Corp, Merger, Form 4, Insider Transaction, Acquisition