HMST Form 4: James R. Mitchell Resigns, Section 16 Reporting Ends

Rhea-AI Filing Summary

The filing reports that James R. Mitchell resigned as a director of Mechanics Bancorp (formerly HomeStreet, Inc.) effective at the closing of a merger on 09/02/2025. Because of the resignation tied to the Merger Agreement dated March 28, 2025, the reporting person states he is no longer subject to Section 16 reporting obligations for the issuer and will not file further Form 4 or Form 5 reports related to the issuer. The filing notes the corporate name change from HomeStreet, Inc. to Mechanics Bancorp pursuant to the merger.

Positive

• Clarifies insider status by stating the resignation and end of Section 16 reporting obligations for the reporting person
• Documents corporate name change from HomeStreet, Inc. to Mechanics Bancorp as part of the merger

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director resigned due to a merger; Section 16 reporting obligations cease for the reporting person.

The Form 4 contains a clear governance change: a director resignation effective at the merger closing. This is a routine post-merger housekeeping disclosure that clarifies insider reporting status rather than indicating an open-market transaction. The filing cites the Agreement and Plan of Merger dated March 28, 2025, and confirms the corporate renaming, which is important for record keeping and future filings. There are no disclosed securities transactions or changes in beneficial ownership reported on this form.

Securities Compliance Analyst

TL;DR: Compliance closure of Section 16 coverage for this individual after merger-related resignation.

The document serves to notify regulators and the market that the reporting person will not have further Form 4/Form 5 obligations for the issuer due to resignation tied to the merger effective 09/02/2025. From a compliance perspective, this is nondisclosive of trading activity but materially relevant for tracking who remains subject to Section 16 reporting. No derivative or non-derivative transactions are listed on the form.

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

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X

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^*

Mitchell James R

(Last) (First) (Middle)

601 UNION STREET

SUITE 2000

(Street)

SEATTLE WA 98101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Mechanics Bancorp [ HMST ]

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)
09/02/2025

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

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:

The Reporting Person resigned as a Director of the Issuer in accordance with the terms of the Agreement and Plan of Merger, dated as of March 28, 2025, among HomeStreet, Inc., HomeStreet Bank, a subsidiary of HomeStreet, Inc., and Mechanics Bank (the "Merger Agreement") with such resignation effective as of the effective time of the merger which occurred on September 2, 2025. As a result, the Reporting Person is no longer subject to Section 16 in connection with his transactions in the equity securities of the Issuer and therefore will no longer report any such transactions on Form 4 or Form 5. Pursuant to the Merger Agreement, HomeStreet, Inc. was renamed to Mechanics Bancorp.

	/s/ Godfrey B. Evans, Attorney in fact for James R. Mitchell	09/03/2025
	** 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.

FAQ

What happened to James R. Mitchell according to the Form 4 for HMST?

The Form 4 states that James R. Mitchell resigned as a director effective 09/02/2025 in connection with the merger, and therefore is no longer subject to Section 16 reporting for the issuer.

Does this Form 4 report any stock transactions for HMST?

No. The filing contains no listed non-derivative or derivative transactions; it only reports the resignation and cessation of reporting obligations.

Why will the reporting person stop filing Form 4 or Form 5 for HMST?

Because the reporting person resigned as a director effective at the merger closing, the Form states he is no longer subject to Section 16 with respect to the issuer and will not report further transactions.

When did the merger referenced in the Form 4 take effect?

The filing indicates the merger became effective on 09/02/2025, which is the effective date of the reporting person’s resignation.

Did the filing identify the merger agreement date or parties?

Yes. The filing references the Agreement and Plan of Merger dated March 28, 2025 among HomeStreet, Inc., HomeStreet Bank, and Mechanics Bank.