James W. Lokey Increases CWBC Stake via Dividend Reinvestment

Rhea-AI Filing Summary

James W. Lokey, a director of Community West Bancshares (CWBC), acquired 64.825 shares of the issuer's common stock through dividend reinvestment on 08/15/2025 at a reported price of $20.2999 per share. The Form 4 shows 14,674.672 shares beneficially owned following the transaction, listed as direct ownership. The filing was signed by an attorney-in-fact, Shannon R. Livingston, and indicates the purchase was via dividend reinvestment rather than an open-market trade.

Positive

• Director participation: James W. Lokey reinvested dividends, increasing his direct ownership to 14,674.672 shares, which reflects continued insider alignment with shareholder returns.
• Clear disclosure: The transaction was reported on a Form 4 and signed by an attorney-in-fact, supporting regulatory compliance and transparency.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small, routine dividend reinvestment by a director; immaterial to valuation but shows continued insider participation.

The reported acquisition of 64.825 shares at $20.2999 via dividend reinvestment is a routine Section 16 disclosure and does not indicate a directional market signal. With 14,674.672 shares beneficially owned post-transaction, the change is minor relative to typical institutional positions and unlikely to affect liquidity or control. This transaction should be viewed as administrative reinvestment rather than a strategic accumulation.

Corporate Governance Expert

TL;DR: Compliance-focused filing reflecting director's dividend reinvestment; governance implications are minimal.

The Form 4 appropriately discloses a director's reinvestment, filed by an attorney-in-fact, which satisfies Section 16 reporting obligations. The direct ownership disclosure of 14,674.672 shares maintains transparency about insider holdings. There is no evidence here of insider selling or material change in control; therefore governance risk remains unchanged.

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^*

LOKEY JAMES W

(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		64.825(1)	A	$20.2999	14,674.672	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 James W. Lokey	08/21/2025
	** 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 did James W. Lokey report on Form 4 for CWBC?

The Form 4 reports that James W. Lokey acquired 64.825 shares of CWBC common stock via dividend reinvestment on 08/15/2025 at a reported price of $20.2999 per share.

How many CWBC shares does Lokey beneficially own after the transaction?

Following the reported transaction, Lokey beneficially owns 14,674.672 shares, listed as direct ownership on the Form 4.

Was the Form 4 filing signed by the reporting person?

The filing was executed by Shannon R. Livingston, Attorney-in-Fact for James W. Lokey and dated 08/21/2025.

What was the nature of the transaction reported on the CWBC Form 4?

The Form 4 states the shares were acquired through dividend reinvestment on 08/15/2025, as noted in the Explanation of Responses.

Does this Form 4 indicate any sale or disposition by the director?

No. The Form 4 documents an acquisition via dividend reinvestment; there is no sale or disposition reported.