CWBC executive covers taxes with 850 shares

Community West Bancshares executive vice president Shannon R. Livingston reported a tax-related share disposition.

Rhea-AI Filing Summary

Community West Bancshares executive vice president Shannon R. Livingston reported a tax-related share disposition. On the vesting of 2,368 restricted shares from a Restricted Stock Award granted May 7, 2025, the company withheld 850 common shares to cover tax withholding obligations at a price of $24.17 per share. Following this non‑market transaction, Livingston directly holds 20,798 shares of Community West Bancshares common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 850 shares

Exercise Price or Tax Liability 1 txn

Insider LIVINGSTON SHANNON R

Role EXECUTIVE VICE PRESIDENT

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	CWBC - Common Stock	850	$24.17	$21K

Holdings After Transaction: CWBC - Common Stock — 20,798 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld by Community West Bancshares to satisfy tax withholding obligations in connection with the vesting of 2,368 restricted shares from a Restricted Stock Award granted May 7, 2025.

Key Figures

Tax-withheld shares: 850 shares Withholding price: $24.17 per share Shares after transaction: 20,798 shares +1 more

4 metrics

Tax-withheld shares 850 shares Shares withheld to satisfy tax obligations on vesting

Withholding price $24.17 per share Value applied to shares withheld for taxes

Shares after transaction 20,798 shares Direct CWBC common stock holdings after withholding

Restricted shares vested 2,368 shares Restricted Stock Award granted May 7, 2025 that vested

Key Terms

Restricted Stock Award, tax withholding obligations, tax-withholding disposition, Form 4

4 terms

Restricted Stock Award financial

"in connection with the vesting of 2,368 restricted shares from a Restricted Stock Award granted May 7, 2025"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

tax withholding obligations financial

"shares withheld by Community West Bancshares to satisfy tax withholding obligations in connection with the vesting"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CWBC executive Shannon Livingston report?

Shannon R. Livingston reported a tax-withholding disposition of 850 Community West Bancshares shares. The shares were withheld by the company to satisfy tax obligations tied to a restricted stock vesting, rather than sold on the open market for investment reasons.

How many CWBC shares vested for Shannon Livingston in this Form 4?

A total of 2,368 restricted shares vested for Shannon R. Livingston from a Restricted Stock Award granted May 7, 2025. As part of this vesting event, a portion of those shares was withheld to cover associated tax withholding obligations.

At what price were the CWBC shares withheld for taxes?

The 850 Community West Bancshares shares withheld for taxes were valued at $24.17 per share. This price is used to determine the value of shares applied toward Livingston’s tax withholding obligations in connection with the restricted stock vesting.

How many CWBC shares does Shannon Livingston hold after this transaction?

After the tax-withholding disposition, Shannon R. Livingston directly holds 20,798 Community West Bancshares common shares. This figure reflects her remaining ownership position following the company’s withholding of 850 shares to meet restricted stock tax obligations.

Is the CWBC Form 4 transaction an open-market sale by Shannon Livingston?

No, the transaction reflects shares withheld by Community West Bancshares to cover tax obligations. It is classified as a tax-withholding disposition, not an open-market sale, and therefore does not represent discretionary selling by Shannon R. Livingston in the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/08/2026 - 05:05 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LIVINGSTON SHANNON R

(Last) (First) (Middle)

7100 N. FINANCIAL DRIVE, SUITE 101

(Street)

FRESNO CALIFORNIA 93720

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Community West Bancshares [ CWBC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EXECUTIVE VICE PRESIDENT

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
CWBC - Common Stock	05/07/2026		F		850(1)	D	$24.17	20,798	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld by Community West Bancshares to satisfy tax withholding obligations in connection with the vesting of 2,368 restricted shares from a Restricted Stock Award granted May 7, 2025.

Remarks:

	/s/ Shannon R. Livingston	05/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
* Form 4: SEC 1474 (03-26)