Ray Matthew T. - 16 Mar 2026 Form 4 Insider Report for HERITAGE FINANCIAL CORP /WA/ (HFWA)

Role: EVP Chief Lending Officer
Signature: /s/Kaylene Lahn Attorney in Fact for Matthew Ray
Issuer symbol: HFWA
Transactions as of: 16 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 18 Mar 2026, 15:21:49 UTC
Previous filing: 27 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Ray Matthew T.	EVP Chief Lending Officer	201 5TH AVE SW, OLYMPIA	/s/Kaylene Lahn Attorney in Fact for Matthew Ray	18 Mar 2026	0001961151

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HFWA	Common Stock	Options Exercise		+504	+2.2%	$24.89^*	23,164	16 Mar 2026	Direct
transaction	HFWA	Common Stock	Options Exercise		+155	+0.67%	$24.89^*	23,319	16 Mar 2026	Direct
transaction	HFWA	Common Stock	Options Exercise		+662	+2.8%	$24.89^*	23,981	16 Mar 2026	Direct
transaction	HFWA	Common Stock	Options Exercise		+530	+2.2%	$24.89^*	24,511	16 Mar 2026	Direct
transaction	HFWA	Common Stock	Options Exercise		+1,664	+6.8%	$24.89^*	26,175	16 Mar 2026	Direct
transaction	HFWA	Common Stock	Options Exercise		+1,001	+3.8%	$24.89^*	27,176	16 Mar 2026	Direct
transaction	HFWA	Common Stock	Tax liability		-749	-2.8%	$24.89^*	26,427	16 Mar 2026	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	HFWA	Restricted Stock Units	Options Exercise		-504	-33%	$24.89^*	1,008	16 Mar 2026	Common Stock	504	$0.000000	Direct	F1
transaction	HFWA	Restricted Stock Units	Options Exercise		-155	-50%	$24.89^*	155	16 Mar 2026	Common Stock	155	$0.000000	Direct	F2
transaction	HFWA	Restricted Stock Units	Options Exercise		-662	-100%	$24.89^*	0	16 Mar 2026	Common Stock	662	$0.000000	Direct
transaction	HFWA	Restricted Stock Units	Options Exercise		-530	-12%	$24.89^*	3,714	16 Mar 2026	Common Stock	530	$0.000000	Direct
transaction	HFWA	Restricted Stock Units	Options Exercise		-1,664	-50%	$24.89^*	1,664	16 Mar 2026	Common Stock	1,664	$0.000000	Direct	F3, F4
transaction	HFWA	Restricted Stock Units	Options Exercise		-1,001	-33%	$24.89^*	2,003	16 Mar 2026	Common Stock	1,001	$0.000000	Direct	F5, F6

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

Explanation of Responses:

Id	Content
F1	RSU award granted 03/01/2018
F2	RSU award granted 02/22/2022
F3	RSU Grant February 2024
F4	Represents award pursuant to 2024 Omnibus Equity Plan; shares vest one third per year over a three year period. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting.
F5	RSU Grant February 2025
F6	Represents award pursuant to 2023 Omnibus Equity Plan; shares vest one third per year over a three year period. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting.