Community West Bancshares insider DRIP purchase raises stake to 75,234 shares

Rhea-AI Filing Summary

Insider purchase via dividend reinvestment increased direct holdings. Kirk B. Stovesand, a director of Community West Bancshares (CWBC), acquired 421 shares on 08/15/2025 through the company's dividend reinvestment plan at an indicated price of $20.30 per share. After this transaction Stovesand beneficially owns 75,234 shares directly. The filing is a routine Form 4 disclosure showing an insider electing to reinvest cash dividends into additional common stock rather than receiving cash, which modestly raises his equity stake.

Positive

• Director increased direct ownership via dividend reinvestment, bringing holdings to 75,234 shares
• Transparent disclosure: Form 4 includes explanation and was signed by an authorized attorney-in-fact

Negative

• None.

Insights

Financial Analyst

TL;DR: Small insider reinvestment suggests modest confidence but is not material to valuation.

The 421-share acquisition via dividend reinvestment is a routine, non-discretionary transaction under a DRIP and increases direct holdings to 75,234 shares. At the indicated price of $20.30, the transaction value is roughly $8,550, which is immaterial relative to typical market-cap metrics for a public bank. This type of filing signals that the director is maintaining ownership without selling, but it does not constitute a material insider accumulation or strategic stake change.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 requirements; transaction appears compliant and non-suspicious.

The Form 4 is properly executed by an attorney-in-fact and includes the required explanation that shares were acquired through dividend reinvestment on August 15, 2025. The director is reported as a reporting person and the form is filed individually. There are no indications of derivative transactions, dispositions, or rule 10b5-1 plan activity. From a governance perspective, this is routine and transparent insider reporting.

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^*

STOVESAND KIRK

(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)
08/15/2025

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	08/15/2025		P		421(1)	A	$20.3	75,234	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. Shares were acquired through dividend reinvestment on August 15, 2025.

Remarks:

	/s/ Shannon R. Livingston, Attorney-in-Fact for Kirk B. Stovesand	08/15/2025
	** 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.

FAQ

What transaction did Kirk B. Stovesand report on Form 4 for CWBC?

He reported acquiring 421 shares of Community West Bancshares common stock on 08/15/2025 through dividend reinvestment.

How many shares does Stovesand beneficially own after the reported transaction?

The filing reports 75,234 shares beneficially owned following the transaction.

What price is indicated for the shares acquired in the Form 4?

The Form 4 lists an indicated price of $20.30 per share for the acquired shares.

Was the transaction discretionary trading or dividend reinvestment?

The filing explains the shares were acquired through the company's dividend reinvestment plan on August 15, 2025.

Does the Form 4 show any derivative transactions or dispositions by the reporting person?

No. Table II (derivatives) shows no reported activity and Table I records an acquisition only; there are no dispositions listed.