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Community West Bancshares (CWBC) director exercises options for 1,350 shares

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

Rhea-AI Filing Summary

Community West Bancshares director Kirk Stovesand exercised stock options and acquired additional common shares. On February 23, 2026, he exercised options on 1,350 CWBC shares, increasing his direct holdings to 79,962 shares of common stock and 2,370 stock options outstanding.

Positive

  • None.

Negative

  • None.

Insights

Director exercises options to increase direct CWBC share ownership.

Kirk Stovesand, a director of Community West Bancshares, exercised a stock option covering 1,350 shares of CWBC on February 23, 2026. The Form 4 labels this as an exercise or conversion of derivative security, not an open‑market purchase.

Following the transactions, he directly holds 79,962 shares of CWBC common stock and 2,370 stock options. This is a routine insider equity compensation event, with no sale reported, so the informational impact for investors is limited and does not materially change the overall investment thesis.

Insider STOVESAND KIRK
Role Director
Type Security Shares Price Value
Exercise CWBC - Stock Option 1,350 $23.48 $32K
Exercise CWBC - Common Stock 1,350 $13.08 $18K
holding CWBC - Stock Option -- -- --
Holdings After Transaction: CWBC - Stock Option — 0 shares (Direct); CWBC - Common Stock — 79,962 shares (Direct)
Footnotes (1)
Form 4 Insider Transactions: What Each Field Means →
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*
STOVESAND KIRK
(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)
02/23/2026
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 02/23/2026 M 1,350 A $13.08 79,962 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
CWBC - Stock Option $13.08 02/23/2026 M 1,350 04/01/2024 08/24/2027 CWBC - Common Stock 1,350 $23.48 0 D
CWBC - Stock Option $14.85 04/01/2024 10/25/2028 CWBC - Common Stock 2,370 2,370 D
Explanation of Responses:
Remarks:
/s/ Shannon R. Livingston, Attorney-in-Fact for Kirk B. Stovesand 03/02/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Kirk Stovesand report in his CWBC Form 4 filing?

Kirk Stovesand reported exercising CWBC stock options for 1,350 shares. The transactions on February 23, 2026, converted derivative securities into common stock and increased his directly owned Community West Bancshares common shares while leaving remaining stock options outstanding.

How many Community West Bancshares shares does Kirk Stovesand now own?

After the reported transactions, Kirk Stovesand directly owns 79,962 shares of Community West Bancshares common stock. He also holds 2,370 CWBC stock options, according to the Form 4 ownership figures reported for February 23, 2026.

Were any Community West Bancshares shares sold in this CWBC Form 4?

No sales were reported; the Form 4 only shows an option exercise. The transactions are coded as exercises or conversions of derivative securities, resulting in acquisition of CWBC common shares rather than any disposition or sale of stock.

What type of transaction is code M in the CWBC Form 4 for Kirk Stovesand?

Transaction code M represents the exercise or conversion of a derivative security. In this case, it reflects Stovesand exercising CWBC stock options for 1,350 shares, moving value from options into directly held Community West Bancshares common stock.

Does the CWBC Form 4 show direct or indirect ownership for Kirk Stovesand?

The Form 4 reports all listed holdings as direct ownership for Kirk Stovesand. The ownership code is shown as “D,” and no footnotes describe separate entities or indirect holdings such as trusts, partnerships, or family LLCs.