Community West Bancshares (CWBC) director gifts 13,001 shares to children

Rhea-AI Filing Summary

Community West Bancshares director Frank T. Elliott IV filed a Form 4 reporting a gift of 13,001 shares of CWBC common stock on December 29, 2025. These directly owned shares were transferred at $0 per share to trusts for his minor children, where he serves as trustee.

After the transactions, he directly held 67,293 CWBC shares, and indirectly held 6,500 shares for Reid Elliott and 6,501 shares for Charlotte Elliott in UTMA California accounts that last until each child turns 25.

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

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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^*

Elliott Frank T. IV

(Last) (First) (Middle)

7100 N. FINANCIAL DRIVE, SUITE 101

(Street)

FRESNO CA 93720

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/29/2025

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

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

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

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	12/29/2025		G		13,001	D	$0(1)	67,293	D
CWBC - Common Stock	12/29/2025		G		6,500	A	$0	6,500	I	Frank T. Elliott IV for Reid Elliott UTMA CA until the age of 25
CWBC - Common Stock	12/29/2025		G		6,501	A	$0	6,501	I	Frank T. Elliott IV for Charlotte Elliott UTMA CA until the age of 25

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 December 29, 2025, Frank T. Elliott IV gifted and transferred 13,001 directly owned shares of CWBC common stock to trusts for the benefit of his minor children of which he is trustee.

Remarks:

	/s/ Shannon R. Livingston, Attorney-in-Fact for Frank T. Elliott IV	02/04/2026
	** 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.
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FAQ

What insider transaction did CWBC director Frank T. Elliott IV report?

He reported gifting 13,001 CWBC shares. On December 29, 2025, Elliott transferred 13,001 directly owned Community West Bancshares common shares at $0 per share to trusts established for his minor children, where he serves as trustee and maintains indirect beneficial ownership.

How many CWBC shares does Frank T. Elliott IV own after the reported gift?

He held 67,293 shares directly after the gift. In addition, Form 4 shows indirect ownership of 6,500 CWBC shares for Reid Elliott and 6,501 CWBC shares for Charlotte Elliott in UTMA California accounts that continue until each child reaches age 25.

What does transaction code G mean in the CWBC Form 4 filing?

Code G indicates a bona fide gift transaction. The Form 4 records that Elliott’s 13,001 CWBC shares were not sold but gifted at $0 per share to children’s trusts, shifting the form of beneficial ownership rather than representing an open-market purchase or sale.

How were the 13,001 CWBC shares allocated among the children’s accounts?

The shares were split between two children’s accounts. Following the gift, one UTMA California account for Reid Elliott held 6,500 CWBC shares and another for Charlotte Elliott held 6,501 CWBC shares, both overseen by Elliott until each beneficiary turns 25.

What is Frank T. Elliott IV’s relationship to Community West Bancshares (CWBC)?

He is a director of Community West Bancshares. The Form 4 identifies Elliott as a board-level insider, which requires reporting changes in his beneficial ownership of CWBC common stock, including gifts and transfers to family-related trusts or custodial accounts.

Does the CWBC Form 4 indicate any sale proceeds for the 13,001-share transfer?

No sale proceeds were reported; the transfer was at $0. The filing shows a price of $0 per share for all 13,001 CWBC shares, confirming the movement as a gift to children’s trusts rather than a revenue-generating stock sale.