Heritage Financial (HFWA) lending chief sells 3,692 shares at $30.10

Rhea-AI Filing Summary

Heritage Financial Corp. executive Matthew T. Ray, EVP Chief Lending Officer, reported a sale of 3,692 shares of common stock on 2026-08-13. The transaction was coded as a sale in an open market or private transaction at $30.10 per share, leaving him with 22,735 shares held directly after the trade. The filing does not indicate use of a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Seller: 3,692 shares

Net Sell 1 txn

Insider Ray Matthew T.

Role EVP Chief Lending Officer

Sold 3,692 shs ($111K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,692	$30.10	$111K

Holdings After Transaction: Common Stock — 22,735 shares (Direct)

Key Figures

Shares sold: 3,692 shares Sale price: $30.10 per share Shares held after transaction: 22,735 shares

3 metrics

Shares sold 3,692 shares Common stock sale on 2026-08-13 by EVP Chief Lending Officer

Sale price $30.10 per share Price for the 3,692 Heritage Financial common shares sold

Shares held after transaction 22,735 shares Direct ownership by Matthew T. Ray following the reported sale

Key Terms

Sale in open market or private transaction, Form 4, Rule 10b5-1

3 terms

Sale in open market or private transaction financial

"transaction code description: Sale in open market or private transaction"

Form 4 regulatory

"INSIDER FILING DATA (Form 4) for Heritage Financial Corp"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Rule 10b5-1 regulatory

"Rule 10b5-1 checkbox and trading plan status are referenced"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What did Heritage Financial (HFWA) executive Matthew T. Ray report in this Form 4?

He reported a sale of 3,692 shares of Heritage Financial common stock. The transaction occurred on 2026-08-13 and was classified as a sale in an open market or private transaction.

At what price did Matthew T. Ray sell HFWA shares in this filing?

He sold the 3,692 shares at a price of $30.10 per share. This price is reported as a straightforward per-share transaction value for the common stock sold.

How many HFWA shares does Matthew T. Ray hold after this reported sale?

After the sale, he directly holds 22,735 shares of Heritage Financial common stock. This post-transaction holding reflects his remaining direct ownership position as reported in the Form 4.

What is Matthew T. Ray’s role at Heritage Financial (HFWA)?

Matthew T. Ray is reported as an EVP Chief Lending Officer of Heritage Financial. His Form 4 filing reflects insider trading activity by a senior lending executive of the company.

Was Matthew T. Ray’s HFWA share sale under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked, and the plan status flag is false. This indicates the reported transaction was not affirmed as being made under a Rule 10b5-1 trading plan.

How many total HFWA shares did Matthew T. Ray sell in this Form 4?

He sold a total of 3,692 shares of Heritage Financial common stock. The transaction summary shows a net-sell direction with one sale transaction and no reported purchases or exercises.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/13/2026 - 11:19 AM Accepted by SEC EDGAR 08/13/2026 - 11:18 AM Learn about SEC filing dates

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^*

Ray Matthew T.

(Last) (First) (Middle)

201 5TH AVE SW

(Street)

OLYMPIA WASHINGTON 98501

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HERITAGE FINANCIAL CORP /WA/ [ HFWA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Chief Lending Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/13/2026		S		3,692	D	$30.1	22,735	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

Explanation of Responses:

Remarks:

	/s/Kaylene Lahn Attorney in Fact for Matthew Ray	08/13/2026
	** 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)