Form 4: Heritage Commerce Corp Merger Completion Form 4

Christopher Edmonds-Waters reports the disposition of Heritage Commerce Corp shares following the company's merger with CVB Financial Corp.

Summary

• Christopher Edmonds-Waters, EVP/People & Culture Officer, reported the disposition of 9,639 shares of Heritage Commerce Corp common stock.
• The disposition occurred on April 17, 2026, due to the completion of the merger between Heritage Commerce Corp and CVB Financial Corp.
• Outstanding restricted stock units (42,099) and performance-based restricted stock units (8,898) were converted into rights to receive CVB Financial Corp common stock based on an exchange ratio of 0.65.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing documenting the final equity settlement of a previously announced merger.

Positives

• Successful completion of the merger agreement with CVB Financial Corp.
• Vesting of restricted stock units for the reporting person upon the closing of the merger.

Negatives

• The reporting person no longer holds direct 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 in the U.S. banking sector to achieve scale and operational efficiencies.

Comparison to Industry Standards

• The 0.65 exchange ratio is consistent with standard stock-for-stock merger consideration structures in regional banking acquisitions.

Stakeholder Impact

• Shareholders of Heritage Commerce Corp have had their shares 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