Heritage Commerce (HTBK) Officer Reports 2,958 Restricted Stock Award

Rhea-AI Filing Summary

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.

Insights

Financial Analyst

TL;DR: Director/officer received 2,958 restricted shares that vest in March 2026, indicating compensation alignment with equity.

The Form 4 documents a routine equity award rather than an open‑market purchase or sale. The award price is recorded as $0, consistent with a restricted stock grant tied to service or compensation arrangements. The vesting date of March 10, 2026 sets a clear timeline for when the shares become unrestricted, which affects Abate's ownership stake only after vesting and any applicable withholding or company policy. No derivative instruments, dispositions, or other transactions are reported.

Corporate Governance Expert

TL;DR: This is a standard restricted stock grant to an officer/director with a service‑based vesting condition.

The filing identifies Christopher Abate as both an officer and director receiving a restricted stock award that vests contingent on continuous service. Such awards are common for aligning executive incentives with shareholder interests. The Form 4 provides the vesting date and the post‑transaction beneficial ownership count but does not disclose grant agreement terms beyond the vesting condition. No departures, exercises, or sales are disclosed.

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
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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^*

Abate Christopher J

(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)
	Director

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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, No Par Value	08/18/2025		A		2,958(1)	A	$0	2,958	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

Explanation of Responses:

1. Restricted stock award vests on March 10, 2026, subject to continuous service with the company.

Remarks:

	/s/Janisha Sabnani as Attorney-in-Fact for Christopher J. Abate	08/20/2025
	** 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 transaction did Christopher J. Abate report on the HTBK Form 4?

The Form 4 reports a non‑derivative acquisition of 2,958 shares of Heritage Commerce Corp common stock on 08/18/2025 as a restricted stock award.

What is the purchase price or consideration for the shares reported on HTBK Form 4?

The reported price for the restricted stock award is $0, consistent with a grant rather than a paid purchase.

When do the restricted shares reported by the HTBK insider vest?

The Form 4 states the restricted stock award vests on March 10, 2026, subject to continuous service with the company.

How many HTBK shares does Christopher J. Abate beneficially own after the reported transaction?

Following the reported transaction, the Form 4 shows direct beneficial ownership of 2,958 shares.

Who signed the HTBK Form 4 and when was it filed?

The Form 4 was signed by /s/Janisha Sabnani as Attorney‑in‑Fact for Christopher J. Abate on 08/20/2025.