Community West Bancshares (CWBC) grants 1,451 RSUs to director

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Westerlund Dora reported acquisition or exercise transactions in this Form 4 filing.

Community West Bancshares director Dora Westerlund received a grant of 1,451 restricted stock units (RSUs) of CWBC common stock as equity compensation. Each RSU represents a contingent right to receive one share and will vest on the anniversary of the grant date. The per‑unit value at grant was $24.13. Cash dividends on these RSUs, if any, will be withheld, subject to forfeiture on the same terms as the RSUs, and paid only if and when the RSUs vest.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Westerlund Dora

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	1,451	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 1,451 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs granted: 1,451 units Per RSU value: $24.13 per unit Total RSU position: 1,451 units +1 more

4 metrics

RSUs granted 1,451 units Restricted stock units awarded to director on grant date

Per RSU value $24.13 per unit Grant-date value of each restricted stock unit

Total RSU position 1,451 units Total restricted stock units held after this transaction

Underlying common shares 1,451 shares Each RSU represents one share of CWBC common stock

Key Terms

Restricted Stock Unit, RSU, contingent right, vests on the anniversary of the date of grant, +1 more

5 terms

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

"Cash dividends on RSUs, if any, will be withheld by the Issuer"

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 on the anniversary of the date of grant financial

"and vests on the anniversary of the date of grant"

subject to forfeiture financial

"will be subject to forfeiture to the same extent as the RSUs"

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 05:39 PM

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^*

Westerlund Dora

(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)
05/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	05/06/2026		A		1,451		⁽¹⁾	⁽¹⁾	CWBC - Common Stock	1,451	$0	1,451	D

Explanation of Responses:

1. Each restricted stock unit (RSU) represents a contingent right to receive one share of the Issuer common stock and vests on the anniversary of the 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 Dora Westerlund	05/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Community West Bancshares (CWBC) report for Dora Westerlund?

Community West Bancshares reported that director Dora Westerlund received 1,451 restricted stock units as an equity award. Each RSU represents a contingent right to one share of CWBC common stock, with vesting based on the anniversary of the grant date.

How many restricted stock units did CWBC grant to director Dora Westerlund?

CWBC granted Dora Westerlund 1,451 restricted stock units. After this award, her reported derivative holdings in these RSUs total 1,451 units, each representing a right to receive one share of Community West Bancshares common stock upon vesting.

What is the grant-date value of the RSUs awarded to CWBC director Dora Westerlund?

The RSUs granted to Dora Westerlund had a per-unit value of $24.13 on the grant date. This implies the award’s grant-date value is based on 1,451 units at $24.13 each, reflecting the company’s common stock value at that time.

When do Dora Westerlund’s Community West Bancshares RSUs vest?

The RSUs granted to Dora Westerlund vest on the anniversary of the grant date. Vesting must occur before she receives underlying shares or related cash dividends, which are withheld and subject to the same forfeiture conditions as the RSUs.

How are cash dividends on Dora Westerlund’s CWBC RSUs treated?

Any cash dividends on Dora Westerlund’s RSUs will be withheld by Community West Bancshares for her account. These dividends are subject to forfeiture on the same terms as the RSUs and will be paid only when the RSUs successfully vest.