Community West Bancshares (CWBC) director receives 583,067 shares in merger

Rhea-AI Filing Summary

Community West Bancshares director Jagroop Gill acquired 583,067 shares of CWBC common stock as part of a merger with United Security Bancshares. On April 1, 2026, each USB share converted into 0.4520 CWBC share, with no purchase price. Gill now directly holds 583,067 CWBC shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GILL JAGROOP

Role Director

Type	Security	Shares	Price	Value
Grant/Award	CWBC - Common Stock	583,067	$0.00	--

Holdings After Transaction: CWBC - Common Stock — 583,067 shares (Direct)

Footnotes (1)

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Key Figures

Shares acquired: 583,067 shares Total holdings after transaction: 583,067 shares Exchange ratio: 0.4520 CWBC share per USB share +2 more

5 metrics

Shares acquired 583,067 shares CWBC common stock received via merger on April 1, 2026

Total holdings after transaction 583,067 shares Direct ownership of CWBC common stock following merger conversion

Exchange ratio 0.4520 CWBC share per USB share Merger of United Security Bancshares into Community West Bancshares

Reported transaction price $0.0000 per share Stock-for-stock issuance, not an open-market purchase

Transaction date April 1, 2026 Effective date of merger-related share conversion

Key Terms

Agreement and Plan of Merger, common stock, fractional share, cash in lieu

4 terms

Agreement and Plan of Merger regulatory

"On April 1, 2026, 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.

common stock financial

"each outstanding share of USB common stock... was converted into the right to receive 0.4520 of a share of CWB common stock"

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.

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.

cash in lieu financial

"with cash received in lieu of a fractional share of CWB common stock"

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^*

GILL JAGROOP

(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)		583,067	A	$0	583,067	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 Jagroop Gill	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 did CWBC director Jagroop Gill report in this Form 4?

Jagroop Gill reported acquiring 583,067 shares of Community West Bancshares common stock. The shares were received as stock consideration in a merger with United Security Bancshares, not bought in the open market, and are now held as a direct ownership position.

How did Jagroop Gill receive 583,067 CWBC shares?

Gill received 583,067 CWBC shares through a stock-for-stock merger. Each outstanding share of United Security Bancshares common stock converted into 0.4520 CWBC share, with cash paid only for any fractional share created in the exchange process.

What was the effective date of Jagroop Gill’s CWBC share acquisition?

The acquisition of Community West Bancshares shares was effective on April 1, 2026. That date corresponds to the completion of the merger in which United Security Bancshares was combined with Community West Bancshares and USB shares were converted into CWBC shares.

Did Jagroop Gill pay a purchase price for the CWBC shares acquired?

No cash purchase price was paid for the 583,067 CWBC shares. They were issued as merger consideration at a stated exchange ratio of 0.4520 CWBC share per USB share, with only a small cash amount paid in lieu of any fractional share.

How many CWBC shares does Jagroop Gill own after this transaction?

After the merger-related issuance, Jagroop Gill directly owns 583,067 Community West Bancshares common shares. This total matches the number of shares reported as acquired in the transaction, indicating a single large stock-for-stock conversion rather than multiple smaller trades.

Was this CWBC Form 4 transaction an open-market trade?

This was not an open-market trade. The Form 4 identifies the event as a grant or other acquisition tied to the merger, where USB shares automatically converted into CWBC shares at a fixed 0.4520 exchange ratio, with only fractional shares settled in cash.