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Heritage Commerce (NASDAQ: HTBK) EVP awarded 14,613 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Sabnani Janisha reported acquisition or exercise transactions in this Form 4 filing.

Heritage Commerce Corp executive vice president and general counsel Janisha Sabnani received a grant of 14,613 restricted stock units of common stock on March 5, 2026. Each unit represents the right to receive one share of Heritage Commerce common stock.

The restricted stock units vest annually in three equal installments starting on March 5, 2027, with additional vesting on March 5, 2028, and March 5, 2029, tying a portion of her compensation to long-term company performance. Following this grant, her reported direct holdings include 14,613 restricted stock units and 2,941 shares of common stock.

Positive

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Negative

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Insider Sabnani Janisha
Role EVP/General Counsel/Corp Sec
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 14,613 $0.00 --
holding Restricted Stock Unit -- -- --
holding Performance-Based Restricted Stock Unit -- -- --
holding Restricted Stock Unit -- -- --
holding Common Stock, No Par Value -- -- --
Holdings After Transaction: Restricted Stock Unit — 14,613 shares (Direct); Performance-Based Restricted Stock Unit — 8,757 shares (Direct); Common Stock, No Par Value — 2,941 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit represents a right to receive one share of Issuer common stock. The restricted stock units vest annually in three equal installments commencing March 5, 2027, the first anniversary of the holder's grant date. The second tranche will vest on 3/5/2028. The remaining RSUs will vest on 3/5/2029.
Form 4 Insider Transactions: What Each Field Means →
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*
Sabnani Janisha
(Last) (First) (Middle)
224 AIRPORT PARKWAY
(Street)
SAN JOSE CA 95110
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HERITAGE COMMERCE CORP [ HTBK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP/General Counsel/Corp Sec
3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026
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, No Par Value 2,941 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 Unit $0(1) 03/05/2026 A 14,613 03/05/2027(2) 03/05/2029(2) Common Stock, No Par Value 14,613 $0 14,613 D
Restricted Stock Unit $0 03/10/2026 03/10/2028 Common Stock, No Par Value 8,757 8,757 D
Performance-Based Restricted Stock Unit $0 03/10/2028 03/10/2028 Common Stock, No Par Value 8,757 8,757 D
Restricted Stock Unit $0 02/27/2026 02/27/2028 Common Stock, No Par Value 9,524 9,524 D
Explanation of Responses:
1. Each restricted stock unit represents a right to receive one share of Issuer common stock.
2. The restricted stock units vest annually in three equal installments commencing March 5, 2027, the first anniversary of the holder's grant date. The second tranche will vest on 3/5/2028. The remaining RSUs will vest on 3/5/2029.
Remarks:
/s/Janisha Sabnani 03/09/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did HTBK executive Janisha Sabnani report in this Form 4 filing?

Janisha Sabnani reported receiving a grant of 14,613 restricted stock units of Heritage Commerce Corp common stock. These units are part of her equity compensation and represent the right to receive the same number of HTBK shares over time.

How do the 14,613 RSUs granted to HTBK’s Janisha Sabnani vest?

The 14,613 restricted stock units vest in three equal annual installments. Vesting begins on March 5, 2027, with additional tranches vesting on March 5, 2028, and March 5, 2029, encouraging long-term alignment with shareholders.

What does each restricted stock unit represent in the HTBK Form 4?

Each restricted stock unit represents a right to receive one share of Heritage Commerce Corp common stock. As the RSUs vest between 2027 and 2029, the executive becomes entitled to receive the underlying HTBK shares.

Did Janisha Sabnani buy or sell HTBK shares in this Form 4?

The filing shows an equity award acquisition, not an open-market buy or sale. Sabnani received 14,613 restricted stock units as compensation, with no purchase price, rather than trading existing Heritage Commerce Corp shares.

What are Janisha Sabnani’s direct holdings after this HTBK RSU grant?

After the award, her reported direct holdings include 14,613 restricted stock units and 2,941 shares of Heritage Commerce Corp common stock. The RSUs will convert into shares only as they vest between 2027 and 2029.

Why does Heritage Commerce Corp grant RSUs to executives like Janisha Sabnani?

Restricted stock units are a form of long-term incentive compensation. By granting 14,613 RSUs that vest from 2027 to 2029, Heritage Commerce Corp links executive rewards to future company performance and share value over multiple years.