Community West (NASDAQ: CWBC) EVP uses 816 shares to cover tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Community West Bancshares executive Jeffrey Michael Martin reported a small share disposition related to tax withholding, not an open-market sale. On a Restricted Stock Award vesting, 816 shares of CWBC common stock were withheld by the company at $24.17 per share to cover tax obligations. The vesting related to 2,273 restricted shares from an award originally granted on May 7, 2025. After this withholding, Martin directly holds about 23,800.8163 CWBC shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MARTIN JEFFREY MICHAEL

Role EXECUTIVE VICE PRESIDENT

Type	Security	Shares	Price	Value
Tax Withholding	CWBC - Common Stock	816	$24.17	$20K

Holdings After Transaction: CWBC - Common Stock — 23,800.816 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 816 shares Withholding price per share: $24.17 per share Shares vested: 2,273 shares +2 more

5 metrics

Shares withheld for taxes 816 shares Tax-withholding disposition on restricted stock vesting

Withholding price per share $24.17 per share Value used for 816 withheld CWBC shares

Shares vested 2,273 shares Restricted Stock Award vesting from May 7, 2025 grant

Shares held after transaction 23,800.8163 shares Direct CWBC common stock holdings post-withholding

Transaction code F Payment of tax liability by delivering securities

Key Terms

tax withholding obligations, Restricted Stock Award, vesting, tax-withholding disposition

4 terms

tax withholding obligations financial

"Represents shares withheld by Community West Bancshares to satisfy tax withholding obligations in connection with the vesting"

Restricted Stock Award financial

"in connection with the vesting of 2,273 restricted shares from a Restricted Stock Award granted May 7, 2025"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

vesting financial

"to satisfy tax withholding obligations in connection with the vesting of 2,273 restricted shares"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 05:04 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^*

MARTIN JEFFREY MICHAEL

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EXECUTIVE VICE PRESIDENT

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

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)
CWBC - Common Stock	05/07/2026		F		816⁽¹⁾	D	$24.17	23,800.8163	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)
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)

Explanation of Responses:

1. Represents shares withheld by Community West Bancshares to satisfy tax withholding obligations in connection with the vesting of 2,273 restricted shares from a Restricted Stock Award granted May 7, 2025.

Remarks:

	/s/ Shannon R. Livingston, Attorney-in- Fact for Jeffrey M. Martin	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 did Community West Bancshares EVP Jeffrey Martin report on this Form 4 for CWBC?

Jeffrey Martin reported a tax-related share disposition, not an open-market trade. Community West Bancshares withheld 816 CWBC common shares to satisfy tax obligations when a restricted stock award vested, and Martin’s direct holdings now total about 23,800.8163 shares.

How many Community West Bancshares (CWBC) shares were withheld for taxes on Jeffrey Martin’s award?

The company withheld 816 CWBC common shares to cover tax withholding obligations. This occurred in connection with the vesting of a restricted stock award, using shares instead of cash to satisfy the tax liability tied to the vested stock.

Was Jeffrey Martin’s CWBC Form 4 transaction an open-market sale or purchase?

The filing shows no open-market sale or purchase by Jeffrey Martin. The transaction is coded as a tax-withholding disposition, meaning Community West Bancshares retained 816 shares from a vesting award to pay taxes, rather than Martin selling shares in the market.

What restricted stock award triggered the tax withholding for CWBC executive Jeffrey Martin?

The tax withholding relates to a Restricted Stock Award granted on May 7, 2025. When 2,273 restricted shares vested, Community West Bancshares withheld 816 shares to cover Martin’s tax obligations associated with that vesting event instead of requiring separate cash payment.

How many Community West Bancshares (CWBC) shares does Jeffrey Martin hold after this Form 4 event?

Following the tax-withholding disposition, Jeffrey Martin directly holds about 23,800.8163 CWBC common shares. This figure reflects his position after 816 shares were retained by the company to pay taxes on the vesting of 2,273 restricted shares from a prior award.