Margo G. Butsch - 16 May 2022 Form 4 Insider Report for HERITAGE COMMERCE CORP (HTBK)

Signature
/s/ Debbie Reuter as Attorney in fact for Margo G. Butsch
Issuer symbol
HTBK
Transactions as of
16 May 2022
Net transactions value
$0
Form type
4
Filing time
17 May 2022, 18:44:42 UTC
Next filing
04 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HTBK Common Stock, No Par Value Award $0 +12,795 +29% $0.000000 56,877 16 May 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding HTBK Standard Employee Option - NSO 3,000 16 May 2022 Common Stock, No Par Value 3,000 $10.34 Direct
holding HTBK Standard Employee Option - NSO 8,000 16 May 2022 Common Stock, No Par Value 8,000 $14.48 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock vests 33.333% each year on an annualized basis.