Jay C. Iseman - 02 Sep 2025 Form 4 Insider Report for Mechanics Bancorp (HMST)

Reporting relationship: EVP - Chief Credit Officer
Issuer ticker: HMST
Reported as of: 02 Sep 2025
Net transaction value: -$40,195
SEC form: 4
Accepted by SEC: 04 Sep 2025, 21:30:14 UTC
Prior SEC filing: 03 Jan 2025
Source filing: View source filing
Reporting owner signature: /s/ Godfrey B. Evans, Attorney in fact for Jay C. Iseman

Key filing fact

Jay C. Iseman filed Form 4 for Mechanics Bancorp (HMST) on 04 Sep 2025.

Key facts

This page summarizes Jay C. Iseman's Form 4 filing for Mechanics Bancorp (HMST).
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 04 Sep 2025, 21:30.

Change

Previous filing in this sequence was filed on 03 Jan 2025.
Current net transaction value: -$40,195.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001529667 Primary reporting owner

ISEMAN JAY C

Relationship: EVP - Chief Credit Officer
Address: 1111 CIVIC DRIVE, SUITE 390, WALNUT CREEK
Signature: /s/ Godfrey B. Evans, Attorney in fact for Jay C. Iseman
Signature date: 04 Sep 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MCHB transaction

Common Stock

Award

Transaction value: $0
Shares: +2,545
Change %: +3%
Price: $0.000000
Shares after: 88,058
Date: 02 Sep 2025
Ownership: Direct
Footnotes: F1, F2

MCHB transaction

Common Stock

Tax liability

Transaction value: $9,556
Shares: -689
Change %: -0.78%
Price: $13.87
Shares after: 87,369
Date: 02 Sep 2025
Ownership: Direct
Footnotes: F3

MCHB transaction

Common Stock

Award

Transaction value: $0
Shares: +8,169
Change %: +9.3%
Price: $0.000000
Shares after: 95,538
Date: 02 Sep 2025
Ownership: Direct
Footnotes: F1, F4

MCHB transaction

Common Stock

Tax liability

Transaction value: $30,639
Shares: -2,209
Change %: -2.3%
Price: $13.87
Shares after: 93,329
Date: 02 Sep 2025
Ownership: Direct
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Jay C. Iseman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

Reflects shares of Issuer Class A common stock received upon vesting of performance stock units ("PSUs"). Pursuant to the Agreement and Plan of Merger, dated as of March 28, 2025, among HomeStreet, Inc., HomeStreet Bank, a subsidiary of HomeStreet, Inc., and Mechanics Bank, at the effective time of the merger on September 2, 2025, each outstanding PSU held by the Reporting Person was accelerated and entitled the Reporting Person to receive shares of Issuer Class A common stock, plus a cash amount for any accrued but unpaid dividends on the PSUs. In the merger, HomeStreet, Inc. was renamed Mechanics Bancorp.

Footnote F2

Shares of Issuer Class A common stock were issued to the Reporting Person without payment of any consideration in connection with the vesting of a PSU award granted to the Reporting Person on January 1, 2023. The number of shares issued on the vesting of the PSU was determined based on the achievement of certain performance factors set forth in the PSU. The unvested portion of the PSU was cancelled.

Footnote F3

Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlement of PSUs.

Footnote F4

Shares of Issuer Class A common stock were issued to the Reporting Person without payment of any consideration in connection with the vesting of a PSU award granted to the Reporting Person on January 1, 2024. The number of shares issued on the vesting of the PSU was determined based on the achievement of certain performance factors set forth in the PSU. The unvested portion of the PSU was cancelled.

SEC remarks

The Reporting Person resigned as an officer of HomeStreet, Inc. in accordance with the terms of the Agreement and Plan of Merger, with such resignation effective as of the effective time of the merger on September 2, 2025. As a result, the Reporting Person is no longer subject to Section 16 in connection with his transactions in the equity securities of the Issuer and therefore no further transactions on Form 4 or Form 5 will be reported.