Heritage Financial EVP converts RSUs to stock at $25.43

Rhea-AI Filing Summary

HERITAGE FINANCIAL CORP reported an insider equity transaction by EVP and Chief HR Officer Sabrina Robison. On 12/15/2025, a transaction coded "M" converted 247 restricted stock units into 247 shares of common stock at $25.43 per share. A separate transaction coded "F" disposed of 39 shares at the same price. After these transactions, the officer directly owns 30,353 shares of common stock and 1,734 restricted stock units.

Insider Trade Summary

Net Buyer: 208 shares

Net Buy 3 txns

Insider Robison Sabrina C

Role EVP Chief HR Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	247	$25.43	$6K
Exercise	Common Stock	247	$25.43	$6K
Exercise Price or Tax Liability	Common Stock	39	$25.43	$991.77

Holdings After Transaction: Restricted Stock Units — 1,734 shares (Direct); Common Stock — 30,353 shares (Direct)

FAQ

What insider transaction did HERITAGE FINANCIAL CORP (HFWA) report on this Form 4?

The filing reports that EVP and Chief HR Officer Sabrina Robison had 247 restricted stock units converted into 247 shares of common stock in a transaction coded "M" on 12/15/2025, at a transaction price of $25.43 per share.

Were any HERITAGE FINANCIAL CORP (HFWA) shares disposed of in this Form 4?

Yes. The Form 4 shows a transaction coded "F" on 12/15/2025 in which 39 shares of common stock were disposed of at a transaction price of $25.43 per share.

How many HERITAGE FINANCIAL CORP (HFWA) shares does the reporting officer own after these transactions?

Following the reported transactions, the officer directly owns 30,353 shares of common stock, as shown in Table I of the Form 4.

What derivative securities are reported for the HERITAGE FINANCIAL CORP (HFWA) officer?

The filing lists restricted stock units as derivative securities with a conversion or exercise price of $0. After the 12/15/2025 transaction coded "M" involving 247 units, the officer holds 1,734 restricted stock units.

What is the role of the insider reporting this HERITAGE FINANCIAL CORP (HFWA) transaction?

The reporting person is identified as an Officer, specifically serving as EVP Chief HR Officer of HERITAGE FINANCIAL CORP.

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Accepted by SEC EDGAR 12/16/2025 - 12:44 PM 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^*

Robison Sabrina C

(Last) (First) (Middle)

201 5TH AVE SW

(Street)

OLYMPIA WA 98501

(City) (State) (Zip)

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 HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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
Common Stock	12/15/2025		M		247	A	$25.43	30,392	D
Common Stock	12/15/2025		F		39	D	$25.43	30,353	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
Restricted Stock Units	$0	12/15/2025		M			247	12/15/2023	12/15/2032	Common Stock	247	$25.43	1,734	D

Explanation of Responses:

Remarks:

	/s/Kaylene Lahn Attorney in Fact for Sabrina Robison	12/16/2025
	** 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.