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Community West Bancshares (CWBC) EVP exercises options, lifts direct stake

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

Rhea-AI Filing Summary

Community West Bancshares executive Timothy Joseph Stronks exercised stock options and increased his direct shareholdings. On March 13, 2026, he exercised options covering 15,800 shares of CWBC common stock at an exercise price of $16.35 per share, acquiring 15,800 shares.

Following the transaction, Stronks directly owns 25,090 shares of CWBC common stock. He also retains several stock option awards, including options over 5,925, 1,580, 3,950 and 7,900 underlying shares with exercise prices between $8.79 and $17.51, expiring between 2029 and 2032.

Positive

  • None.

Negative

  • None.
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*
Stronks Timothy Joseph

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EXECUTIVE VICE PRESIDENT
3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026
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 03/13/2026 M 15,800 A $16.35 25,090 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 $16.35 03/13/2026 M 15,800 04/01/2024 07/26/2028 CWBC - Common Stock 15,800 $22.54 0 D
CWBC - Stock Option $17.51 04/01/2024 02/24/2032 CWBC - Common Stock 5,925 5,925 D
CWBC - Stock Option $8.79 04/01/2024 04/29/2030 CWBC - Common Stock 1,580 1,580 D
CWBC - Stock Option $13.31 04/01/2024 02/28/2029 CWBC - Common Stock 3,950 3,950 D
CWBC - Stock Option $12.81 04/01/2024 02/25/2031 CWBC - Common Stock 7,900 7,900 D
Explanation of Responses:
Remarks:
/s/ Shannon R. Livingston, Attorney-in-Fact for Timothy J. Stronks 03/16/2026
** 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.

FAQ

What insider transaction did CWBC executive Timothy Stronks report on this Form 4?

Timothy Joseph Stronks reported exercising stock options for 15,800 CWBC shares at an exercise price of $16.35 per share. This option exercise converted derivative holdings into common stock and increased his direct equity stake in Community West Bancshares.

How many Community West Bancshares (CWBC) shares does Timothy Stronks own after the reported transaction?

After the reported transactions, Timothy Joseph Stronks directly owns 25,090 shares of CWBC common stock. This reflects his position following the 15,800-share option exercise disclosed, giving investors a clearer view of his current direct equity holdings.

Were any CWBC shares sold by Timothy Stronks in this Form 4 filing?

No sales were reported; the filing only shows an option exercise acquiring 15,800 CWBC shares at $16.35 per share. There are no sale ("S") or tax-withholding ("F") transactions indicated in the structured data for this Form 4.

What stock options does CWBC executive Timothy Stronks retain after this Form 4 transaction?

Stronks retains several CWBC stock option grants, including options over 5,925, 1,580, 3,950 and 7,900 underlying shares. These options have exercise prices from $8.79 to $17.51 and expiration dates ranging from 2029 to 2032.

What does the transaction code "M" mean in Timothy Stronks’s CWBC Form 4?

The transaction code "M" indicates an exercise or conversion of a derivative security, such as a stock option. In this case, it shows Stronks exercised options to acquire 15,800 CWBC common shares at a set exercise price of $16.35 per share.

Is Timothy Stronks a director or officer of Community West Bancshares (CWBC)?

Yes, Timothy Joseph Stronks is an officer of Community West Bancshares, serving as Executive Vice President. The Form 4 data identifies him as an officer and not a director, clarifying his role in the company’s senior management team.
Community West Bancshares

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