Stephen G. Heitel - 07 Feb 2023 Form 4 Insider Report for HERITAGE COMMERCE CORP (HTBK)

Role: Director
Signature: Deborah Reuter as Attorney in fact for Stephen G Heitel
Issuer symbol: HTBK
Transactions as of: 07 Feb 2023
Net transactions value: -$249,800
Form type: 4
Filing time: 08 Feb 2023, 18:04:34 UTC
Previous filing: 31 May 2022
Next filing: 17 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HTBK	Common Stock, No Par Value	Sale	$249,800	-20,000	-47%	$12.49	22,623	07 Feb 2023	Direct	F1
holding	HTBK	Common Stock, No Par Value						48,308	07 Feb 2023	Indirect by IRA

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	Employee Stock Option (right to buy)						61,750	07 Feb 2023	Heritage Commerce Corp - Common Stock	61,750	$3.98	Direct
holding	HTBK	Employee Stock Option (right to buy)						61,749	07 Feb 2023	Heritage Commerce Corp - Common Stock	61,749	$4.92	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.4300 to $12.5400, inclusive. The reporting person undertakes to provide to Heritage Commerce Corp, any security holder of Heritage Commerce Corp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.4300 to $12.5400, inclusive. The reporting person undertakes to provide to Heritage Commerce Corp, any security holder of Heritage Commerce Corp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.