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Community West Bancshares (CWBC) EVP reports 603-share tax withholding on RSU vesting

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

Rhea-AI Filing Summary

Community West Bancshares Executive Vice President Jeffrey Michael Martin reported a routine tax-related share withholding. On the vesting of 1,679 restricted shares from a Restricted Stock Award granted May 17, 2023, 603 shares of common stock were withheld to satisfy tax withholding obligations. After this non-market disposition, he holds 23,197.8163 shares directly.

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Insider MARTIN JEFFREY MICHAEL
Role EXECUTIVE VICE PRESIDENT
Type Security Shares Price Value
Tax Withholding CWBC - Common Stock 603 $23.20 $14K
Holdings After Transaction: CWBC - Common Stock — 23,197.816 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares withheld for taxes 603 shares Tax-withholding disposition on CWBC common stock
Restricted shares vested 1,679 shares Vesting from Restricted Stock Award granted May 17, 2023
Holding after transaction 23,197.8163 shares Common stock directly owned after tax withholding
Reference share value $23.20 per share Price per share used in tax-withholding entry
Restricted Stock Award financial
"in connection with the vesting of 1,679 restricted shares from a Restricted Stock Award granted May 17, 2023"
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.
tax withholding obligations financial
"shares withheld by Community West Bancshares to satisfy tax withholding obligations in connection with the vesting"
vesting financial
"to satisfy tax withholding obligations in connection with the vesting of 1,679 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.
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*
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EXECUTIVE VICE PRESIDENT
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/17/2026
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
CWBC - Common Stock05/17/2026F603(1)D$23.223,197.8163D
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
Explanation of Responses:
1. Represents shares withheld by Community West Bancshares to satisfy tax withholding obligations in connection with the vesting of 1,679 restricted shares from a Restricted Stock Award granted May 17, 2023.
Remarks:
/s/ Shannon R. Livingston, Attorney-in- Fact for Jeffrey M. Martin05/19/2026
** 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)

FAQ

What insider transaction did CWBC executive Jeffrey Michael Martin report?

Jeffrey Michael Martin reported a tax-related disposition of shares. Community West Bancshares withheld 603 common shares to cover tax obligations when 1,679 restricted shares vested from a prior Restricted Stock Award, rather than selling shares on the open market.

Was the CWBC Form 4 transaction an open-market sale of shares?

No, the Form 4 discloses a tax-withholding disposition, not an open-market sale. The company withheld 603 shares to satisfy tax withholding obligations tied to the vesting of a Restricted Stock Award granted May 17, 2023.

How many CWBC shares were involved in the tax withholding transaction?

The transaction involved 603 CWBC common shares. These shares were withheld by Community West Bancshares to satisfy tax withholding obligations when 1,679 restricted shares vested, rather than being sold by the executive in the market.

How many Community West Bancshares shares does the executive hold after this Form 4?

Following the tax-withholding disposition, Executive Vice President Jeffrey Michael Martin directly holds 23,197.8163 CWBC common shares. This figure reflects his position after 603 shares were withheld upon vesting of 1,679 restricted shares from a prior award.

What triggered the CWBC restricted shares vesting reported in this Form 4?

The vesting was triggered for 1,679 restricted shares from a Restricted Stock Award granted May 17, 2023. When those restricted shares vested, Community West Bancshares withheld 603 shares to cover associated tax withholding obligations, as disclosed in the Form 4 footnote.