Heritage Comm Corp SEC Filings

Bruce H. Cabral, a director of Heritage Commerce Corp (HTBK), reported a sale of 5,889 shares of the issuer’s common stock on 09/09/2025 at a weighted average price of $10.2201. After the sale, Mr. Cabral is shown as beneficially owning 30,308 shares directly and 92,995 shares indirectly through a trust. The filing also discloses three outstanding employee stock options, each covering 2,470 shares with exercise prices of $7.12, $10.31, and $10.77, and varying expiration dates in 2027–2029. The footnote states the sale occurred in multiple transactions at prices ranging $10.2050–$10.2450.

Susan Just (reported as Just Susan Svensson), EVP and Chief Credit Officer of Heritage Commerce Corp (HTBK), reported a sale of 960 shares of common stock on 09/08/2025 at a price of $10.23 per share to cover withholding taxes associated with the vesting of an award, leaving her with 9,814 shares beneficially owned after the transaction. The Form 4 also discloses existing equity awards: restricted stock units vesting 03/08/2025 (8,306 shares) and 03/10/2026 (8,432 shares), performance-based restricted stock units credited for 03/08/2027 (12,458 shares) and 03/10/2028 (8,431 shares). The filing was signed by an attorney-in-fact on behalf of Ms. Just on 09/10/2025. The sale is explained as tax-withholding related to vesting.

Form 144 notice for Heritage Commerce Corp (HTBK): An executive or affiliate plans to sell 5,889 shares of common stock, acquired as restricted stock awards on 03/08/2025. The proposed sale is scheduled for 09/09/2025 through Goldman Sachs & Co. LLC on NASD, with an aggregate market value reported at $60,244.47. The filing states 61,446,763 shares outstanding. No sales by the filer in the past three months were reported. The filer certifies no undisclosed material adverse information.

Christopher J. Abate, a director and officer of Heritage Commerce Corp (HTBK), reported a non‑derivative acquisition of 2,958 shares of common stock on 08/18/2025. The filing indicates these shares were received as a restricted stock award at a price of $0, and the award vests on March 10, 2026 subject to continuous service with the company. The Form 4 was signed by an attorney‑in‑fact on 08/20/2025. The report shows direct beneficial ownership of 2,958 shares following the transaction.

Heritage Commerce Corp (HTBK) Form 3 filed by Christopher J. Abate reports an initial statement of beneficial ownership tied to his relationship as an officer and director. The filing discloses 0 shares of Common Stock beneficially owned, and the form is signed by an attorney-in-fact on behalf of Mr. Abate. No derivative holdings or indirect ownership are reported.

Wellington Management filed an amended Schedule 13G reporting beneficial ownership of 3,005,249 shares of Heritage Commerce Corp, representing 4.88% of the outstanding common stock. The filing shows no sole voting or dispositive power; voting power is reported as shared for 2,671,211 shares and dispositive power is reported as shared for 3,005,249 shares. The securities are owned of record by clients of Wellington’s registered investment advisers and are held in the ordinary course of business. The filing states no client is known to hold more than five percent of the class and includes the certification that the position was not acquired to influence control of the issuer.

Heritage Commerce Corp reported a mixed quarter. For the three months ended June 30, 2025 the company recorded net income of $6.4 million versus $9.2 million a year earlier, and diluted earnings per share of $0.10 versus $0.15. For the six months, net income was $18.0 million versus $19.4 million a year earlier.

Core lending performance improved: interest income on loans rose to $49.3 million (Q2) and net interest income increased to $44.8 million (Q2) and $88.2 million (six months). However, a sharp rise in noninterest expense to $38.3 million (Q2) from $28.2 million a year ago reduced pre-tax income to $8.9 million (Q2).

Liquidity and balance-sheet notes include deposits of $4.627 billion (down from $4.820 billion at year-end), cash and cash equivalents of $721.8 million (down from $968.1 million), loans, net of deferred fees of $3.4857 billion, an allowance for credit losses of $48.6 million, and held-to-maturity securities with an amortized cost of $561.2 million and fair value of $486.5 million (material unrealized losses). The company repurchased 207,989 shares for $1.912 million and has remaining repurchase capacity of $13.078 million. Total assets were $5.467 billion and shareholders' equity was $694.7 million.