Lawrence D. McGovern - 02 May 2024 Form 4 Insider Report for HERITAGE COMMERCE CORP (HTBK)

Role
EVP/CFO
Signature
/s/ Debbie Reuter as Attorney in fact for Lawrence D. McGovern
Issuer symbol
HTBK
Transactions as of
02 May 2024
Net transactions value
$0
Form type
4
Filing time
06 May 2024, 16:44:01 UTC
Previous filing
12 Mar 2024
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 Options Exercise $0 +4,677 +29% $0.000000 20,858 02 May 2024 Direct
transaction HTBK Common Stock, No Par Value Award $0 +301 +1.4% $0.000000 21,159 02 May 2024 Direct F1
holding HTBK Common Stock, No Par Value 4,980 02 May 2024 Indirect by IRA
holding HTBK Common Stock, No Par Value 113,550 02 May 2024 Indirect by Trust

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 Restricted Stock Unit Options Exercise $0 -4,677 -33% $0.000000 9,354 02 May 2024 Common Stock, No Par Value 4,677 $0.000000 Direct F2
holding HTBK Performance-Based Restricted Stock Unit 14,031 02 May 2024 Common Stock, No Par Value 14,031 $0.000000 Direct
holding HTBK Performance-Based Restricted Stock Unit 17,778 02 May 2024 Common Stock, No Par Value 17,778 $0.000000 Direct
holding HTBK Restricted Stock Unit 17,779 02 May 2024 Common Stock, No Par Value 17,779 $0.000000 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person acquired 301 shares of the Company's Common Stock as a result of stock dividends payable to the reporting person upon the partial vesting of the Restricted Stock Unit grant.
F2 The Restricted Stock Units vest in three equal installments commencing on May 2, 2024, the first anniversary of the holders' grant date.