Deborah Reuter - May 2, 2024 Form 4 Insider Report for HERITAGE COMMERCE CORP (HTBK)

Role
EVP/CRO/Corporate Secretary
Signature
/s/ Lawrence D. McGovern as Attorney-in-fact for Deborah Reuter
Stock symbol
HTBK
Transactions as of
May 2, 2024
Transactions value $
$0
Form type
4
Date filed
5/6/2024, 04:45 PM
Previous 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 $0 +3.53K +4.3% $0.00 85.4K May 2, 2024 Direct
transaction HTBK Common Stock, No Par Value Award $0 +226 +0.26% $0.00 85.7K May 2, 2024 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
transaction HTBK Restricted Stock Unit Options Exercise $0 -3.53K -33.33% $0.00 7.05K May 2, 2024 Common Stock, No Par Value 3.53K $0.00 Direct F2
holding HTBK Performance-Based Restricted Stock Unit 10.6K May 2, 2024 Common Stock, No Par Value 10.6K $0.00 Direct
holding HTBK Performance-Based Restricted Stock Unit 12.8K May 2, 2024 Common Stock, No Par Value 12.8K $0.00 Direct
holding HTBK Restricted Stock Unit 12.8K May 2, 2024 Common Stock, No Par Value 12.8K $0.00 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 226 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 May 2, 2024, the first anniversary of the holder's grant date.