Robertson Clay Jones JR - Jun 14, 2023 Form 4 Insider Report for HERITAGE COMMERCE CORP (HTBK)

Role
President and CEO, Director
Signature
Deborah Reuter as Attorney in fact for Robertson Clay Jones, JR.
Stock symbol
HTBK
Transactions as of
Jun 14, 2023
Transactions value $
$77,837
Form type
4
Date filed
6/16/2023, 02:17 PM
Previous filing
May 4, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HTBK Common Stock, No Par Value Options Exercise $77.8K +19.6K +10.05% $3.98 214K Jun 14, 2023 Direct

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
transaction HTBK Employee Stock Option (right to buy) Options Exercise $0 -19.6K -52.79% $0.00 17.5K Jun 14, 2023 Heritage Commerce Corp - Common Stock 19.6K $3.98 Direct F1
holding HTBK Employee Stock Option (right to buy) 37.1K Jun 14, 2023 Heritage Commerce Corp - Common Stock 37.1K $4.92 Direct
holding HTBK Employee Stock Option (right to buy) 49.4K Jun 14, 2023 Heritage Commerce Corp - Common Stock 49.4K $10.74 Direct
holding HTBK Performance-Based Restricted Stock Unit 31.5K Jun 14, 2023 Common Stock, No Par Value 31.5K $0.00 Direct
holding HTBK Restricted Stock Unit 31.5K Jun 14, 2023 Common Stock, No Par Value 31.5K $0.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Net exercise of incentive stock options. The remaining 17,493 shares will be surrendered in satisfaction of the option exercise price.