[144] Heritage Commerce Corp SEC Filing

Rhea-AI Filing Summary

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.

Insights

Securities Analyst

TL;DR: Routine insider sale notice; small position relative to outstanding shares, limited market impact.

This Form 144 documents a proposed sale of 5,889 shares acquired as restricted stock awards on 03/08/2025. The aggregate value reported (~$60k) is immaterial versus the 61.45 million shares outstanding, indicating this filing is a routine compliance disclosure rather than a signal of material insider liquidity or company distress. The use of a major broker (Goldman Sachs) is standard for brokered dispositions.

Corporate Governance Expert

TL;DR: Compliance-focused filing; attestation and 10b5-1 note align with standard insider sale procedures.

The notice includes the required representation that the seller is not aware of undisclosed material adverse information and references trading-plan language for Rule 10b5-1 compliance. The absence of prior three-month sales and the small size of the proposed sale suggest routine equity compensation monetization rather than a governance concern. Documentation appears to meet Rule 144 disclosure elements provided here.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	5889	60244.47	61446763	09/09/2025	NASD

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/08/2025	Acquired as compensation -- Restricted Stock Awards	Issuer			5889	03/08/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the HTBK Form 144 report?

The filing reports a proposed sale of 5,889 common shares acquired as restricted stock awards on 03/08/2025, to be sold on 09/09/2025 via Goldman Sachs.

How much value is the proposed sale worth on the HTBK Form 144?

The aggregate market value reported for the 5,889 shares is $60,244.47.

How large is the proposed sale relative to HTBK shares outstanding?

The filing shows 61,446,763 shares outstanding; 5,889 shares represent a de minimis fraction of total shares.

Did the filer sell any HTBK shares in the past three months?

The Form 144 indicates Nothing to Report for securities sold during the past three months.

Was the acquisition of the securities reported on the Form 144 compensation or purchase?

The securities were acquired as compensation (Restricted Stock Awards) and paid on 03/08/2025.