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Community West Bancshares (CWBC) CEO receives 8,393 RSU award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kim James J reported acquisition or exercise transactions in this Form 4 filing.

Community West Bancshares CEO and President James J. Kim received a grant of 8,393 restricted stock units on May 6, 2026. Each RSU represents a contingent right to receive one share of common stock and had a per-unit value of $24.13 on the grant date.

The RSUs vest in three equal annual installments on each anniversary of the grant date. Any cash dividends on these RSUs will be withheld for Kim’s account, are subject to the same forfeiture conditions as the RSUs, and will be paid to him only when the RSUs vest.

Positive

  • None.

Negative

  • None.
Insider Kim James J
Role CEO and PRESIDENT
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 8,393 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 8,393 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSUs granted 8,393 RSUs Grant to CEO James J. Kim on May 6, 2026
Per RSU value $24.13 per RSU Value on the grant date
Underlying common shares 8,393 shares Each RSU represents one share of common stock
Post-grant RSU holdings 8,393 RSUs Total restricted stock units following the transaction
Vesting schedule Three equal installments Annually on each anniversary of the grant date
Restricted Stock Unit financial
"Each restricted stock unit (RSU) represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
RSU financial
"Each restricted stock unit (RSU) represents a contingent right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
contingent right financial
"represents a contingent right to receive one share of the Issuer common stock"
vests in three equal installments financial
"and vests in three equal installments each year on the anniversary date of grant"
forfeiture financial
"will be subject to forfeiture to the same extent as the RSUs"
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FAQ

What did Community West Bancshares (CWBC) disclose in this Form 4?

Community West Bancshares reported that CEO and President James J. Kim received a grant of 8,393 restricted stock units on May 6, 2026. These RSUs are a form of equity compensation that convert into common shares as they vest over time.

How many restricted stock units did CWBC CEO James J. Kim receive?

James J. Kim received 8,393 restricted stock units. Each unit represents a contingent right to one share of Community West Bancshares common stock, giving him additional equity-based compensation that will convert into shares as vesting conditions are met over future years.

What is the vesting schedule for James J. Kim’s 8,393 CWBC RSUs?

The 8,393 restricted stock units vest in three equal installments on each anniversary of the grant date. This means one-third of the RSUs becomes earned each year, encouraging longer-term alignment between the CEO and Community West Bancshares shareholders.

What was the per-unit value of the CWBC RSUs granted to the CEO?

The per restricted stock unit value on the grant date was $24.13. This value reflects the worth assigned to each RSU when awarded and helps indicate the total initial value of the equity grant provided to CEO James J. Kim as part of his compensation.

How are cash dividends on the CWBC RSUs handled for the CEO grant?

Any cash dividends on the restricted stock units will be withheld by Community West Bancshares for James J. Kim’s account. These withheld dividends are subject to the same forfeiture conditions as the RSUs and are only paid out when the underlying RSUs actually vest.

Does this CWBC Form 4 indicate an open-market stock purchase or sale?

No, the filing shows a grant of restricted stock units to CEO James J. Kim, not an open-market purchase or sale. The transaction is coded as a grant or award acquisition, reflecting compensation rather than discretionary trading in Community West Bancshares shares.
SEC Form 4
FORM 4UNITED 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*
Kim James J

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO and PRESIDENT
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)05/06/2026A8,393 (1) (1)CWBC - Common Stock8,393$08,393D
Explanation of Responses:
1. Each restricted stock unit (RSU) represents a contingent right to receive one share of the Issuer common stock and vests in three equal installments each year on the anniversary date of grant. Cash dividends on RSUs, if any, will be withheld by the Issuer for the account of the Reporting Person, will be subject to forfeiture to the same extent as the RSUs, and will be paid to the Reporting Person upon vesting of the RSUs. The per RSU value on the date of grant was $24.13.
Remarks:
/s/ Shannon R. Livingston, Attorney-in-Fact for James J. Kim05/08/2026
** Signature of Reporting PersonDate
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)