Jack W. Conner - 02 May 2023 Form 4 Insider Report for HERITAGE COMMERCE CORP (HTBK)

Role: Director
Signature: /s/ Debbie Reuter as Attorney in fact for Jack W. Conner
Issuer symbol: HTBK
Transactions as of: 02 May 2023
Net transactions value: +$76,083
Form type: 4
Filing time: 04 May 2023, 17:03:08 UTC
Previous filing: 12 Aug 2022
Next filing: 08 May 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	Purchase	$76,083	+10,000	+34%	$7.61	39,344	02 May 2023	Indirect By Spouse	F1
transaction	HTBK	Common Stock, No Par Value	Award	$0	+11,470	+12%	$0.000000	109,445	02 May 2023	Direct	F2
holding	HTBK	Common Stock, No Par Value						9,020	02 May 2023	Indirect by Trusts

* 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 purchased in multiple transactions at prices ranging from $7.5897 to $7.6200, 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.
F2	Restricted stock award vests at the first anniversary of the grant date, subject to continuous employment with the Company.

Content

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.5897 to $7.6200, 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.

Restricted stock award vests at the first anniversary of the grant date, subject to continuous employment with the Company.