Heritage Commerce (NASDAQ: HTBK) director receives 4,022-share stock grant

Rhea-AI Filing Summary

Heritage Commerce Corp director Stephen G. Heitel reported an equity award from the company. On March 5, he acquired 4,022 shares of common stock as a restricted stock award at a stated price of $0.00 per share, increasing his directly held shares to 166,770.

The award vests on the first anniversary of the grant date, subject to his continuous employment with the company. He also reports indirect ownership of 49,308 shares through an IRA.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Heitel Stephen G.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, No Par Value	4,022	$0.00	--
holding	Common Stock, No Par Value	--	--	--

Holdings After Transaction: Common Stock, No Par Value — 166,770 shares (Direct); Common Stock, No Par Value — 49,308 shares (Indirect, Indirect by IRA)

Footnotes (1)

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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^*

Heitel Stephen G.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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	03/05/2026		A		4,022(1)	A	$0	166,770	D
Common Stock, No Par Value								49,308	I	Indirect by IRA

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 at the first anniversary of the grant date, subject to continuous employment with the company.

Remarks:

	/s/Janisha Sabnani as Attorney-in-Fact for Stephen G. Heitel	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.

FAQ

What insider transaction did HTBK director Stephen G. Heitel report?

Stephen G. Heitel reported receiving 4,022 shares of Heritage Commerce Corp common stock as a restricted stock award. The shares were granted at a stated price of $0.00 per share and represent an equity incentive rather than an open-market purchase.

When do Stephen G. Heitel’s new HTBK restricted shares vest?

The 4,022-share restricted stock award to Stephen G. Heitel vests on the first anniversary of the March 5 grant date. Vesting is conditioned on his continuous employment with Heritage Commerce Corp through that one-year period, according to the filing footnote.

How many HTBK shares does Stephen G. Heitel own after this award?

After the restricted stock grant, Stephen G. Heitel directly owns 166,770 shares of Heritage Commerce Corp common stock. The filing also reports an additional 49,308 shares held indirectly through an IRA, reflecting both direct and indirect ownership positions.

Was Stephen G. Heitel’s HTBK transaction an open-market buy or a grant?

The Form 4 describes the transaction as a grant or award acquisition, not an open-market purchase. He received 4,022 restricted shares at a stated price of $0.00 per share as part of his compensation, subject to vesting conditions tied to continued employment.

What indirect HTBK share holdings are reported for Stephen G. Heitel?

The filing shows 49,308 Heritage Commerce Corp shares held indirectly for Stephen G. Heitel through an IRA. This line is reported as an indirect ownership holding, separate from his 166,770 directly held shares after the restricted stock award acquisition.