Director at Community West Bancshares (CWBC) receives 13,908 shares in USB merger

Rhea-AI Filing Summary

Community West Bancshares director Dora Westerlund acquired 13,908 shares of CWBC common stock. The shares were received on April 1, 2026 when United Security Bancshares merged into Community West Bancshares under a previously signed Agreement and Plan of Merger.

Each outstanding share of United Security Bancshares common stock was converted into the right to receive 0.4520 of a CWBC share, with cash paid instead of any fractional share. Westerlund’s post‑transaction direct holding is 13,908 CWBC shares, reflecting an acquisition through share conversion rather than an open‑market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Westerlund Dora

Role Director

Type	Security	Shares	Price	Value
Grant/Award	CWBC - Common Stock	13,908	$0.00	--

Holdings After Transaction: CWBC - Common Stock — 13,908 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 13,908 shares Exchange ratio: 0.4520 CWBC share per USB share Post-transaction holdings: 13,908 shares +2 more

5 metrics

Shares acquired 13,908 shares CWBC common stock received by Dora Westerlund on April 1, 2026

Exchange ratio 0.4520 CWBC share per USB share Conversion of each United Security Bancshares common share in the merger

Post-transaction holdings 13,908 shares Total CWBC common stock directly held by Dora Westerlund after the merger

Merger agreement date December 16, 2025 Date of Agreement and Plan of Merger between Community West Bancshares and United Security Bancshares

Merger effective date April 1, 2026 Date USB merged with and into Community West Bancshares

Key Terms

Agreement and Plan of Merger, right to receive, fractional share, common stock, +1 more

5 terms

Agreement and Plan of Merger regulatory

"pursuant to the Agreement and Plan of Merger, dated as of December 16, 2025"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

right to receive financial

"was converted into the right to receive 0.4520 of a share of CWB common stock"

fractional share financial

"with cash payable in lieu of any fractional share"

A fractional share is a portion of a single stock that is worth less than one full share, like owning a slice of a pizza instead of the whole pie. It lets investors buy and hold part of expensive stocks or spread small amounts of money across many companies, which helps with diversification and regular investing; dividends and price changes affect fractional shares proportionally, though some rights and trading rules can vary by provider.

common stock financial

"each outstanding share of USB common stock ... was converted into the right to receive"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

merged with and into regulatory

"USB merged with and into CWB (the "Merger")"

Form 4 Insider Transactions: What Each Field Means →

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^*

Westerlund Dora

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	04/01/2026		A(1)		13,908	A	$0(1)	13,908	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. On April 1, 2026, pursuant to the Agreement and Plan of Merger, dated as of December 16, 2025, by and between Community West Bancshares ("CWB") and United Security Bancshares ("USB"), USB merged with and into CWB (the "Merger"). In connection therewith, each outstanding share of USB common stock, subject to certain limited exceptions, was converted into the right to receive 0.4520 of a share of CWB common stock, with cash payable in lieu of any fractional share. In connection with the Merger, the reporting person received the CWB common stock reported in Table I in exchange for all of the reporting person's shares of USB common stock, with cash received in lieu of a fractional share of CWB common stock.

Remarks:

	/s/ Shannon R. Livingston, Attorney-in-Fact for Dora Westerlund	04/09/2026
	** 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)

FAQ

What insider transaction did Community West Bancshares (CWBC) report for Dora Westerlund?

Community West Bancshares reported that director Dora Westerlund acquired 13,908 shares of CWBC common stock. She received these shares on April 1, 2026 as part of the merger where United Security Bancshares was combined with Community West Bancshares under a prior merger agreement.

How did Dora Westerlund receive 13,908 CWBC shares in this Form 4 filing?

Dora Westerlund received 13,908 CWBC shares through a stock conversion in a bank merger, not by buying them in the market. Her United Security Bancshares common shares were converted into CWBC stock at a fixed exchange ratio as the merger closed.

What was the share exchange ratio in the Community West–United Security merger?

In the merger, each outstanding United Security Bancshares common share was converted into the right to receive 0.4520 of a Community West Bancshares common share. Any resulting fractional CWBC share was settled in cash instead of issuing partial share increments.

Was Dora Westerlund’s CWBC share acquisition a purchase or a grant?

The transaction is reported as an acquisition coded as a grant or award, not an open-market purchase. The 13,908 CWBC shares were received automatically when her United Security Bancshares shares converted into Community West Bancshares shares upon completion of the merger.

How many Community West Bancshares shares does Dora Westerlund hold after the merger?

After the merger transaction, Dora Westerlund holds 13,908 shares of Community West Bancshares common stock directly. This total reflects the CWBC shares she received in exchange for all of her United Security Bancshares common shares under the 0.4520 exchange ratio.

Did Dora Westerlund receive cash in the Community West Bancshares merger?

Dora Westerlund received CWBC shares and cash only in place of any fractional share. The merger terms provided that each United Security Bancshares share became 0.4520 CWBC share, with cash paid instead of issuing any small remaining fraction of a CWBC share.