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Filing Details

Accession Number:: 0001593968-25-000341
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-03-11 18:39:03
Reporting Period:: 2025-03-08

Filing Date:: 2025-03-11
Accepted Time:: 2025-03-11 18:39:03
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1053352	Heritage Commerce Corp	HTBK	State Commercial Banks (6022)	770469558

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1993124	Svensson Susan Just	224 Airport Parkway San Jose CA 95110	Evp/Chief Credit Officer	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, No Par Value	Acquisiton	2025-03-08	4,153	$0.00	12,153	No	4	M	Direct
Common Stock, No Par Value	Acquisiton	2025-03-08	223	$0.00	12,376	No	4	A	Direct
Common Stock, No Par Value	Disposition	2025-03-10	1,602	$9.73	10,774	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	A	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, No Par Value	Restricted Stock Unit	Disposition	2025-03-08	4,153	$0.00	4,153	$0.00
Common Stock, No Par Value	Restricted Stock Unit	Acquisiton	2025-03-10	8,432	$0.00	8,432	$0.00
Common Stock, No Par Value	Performance-Based Restricted Stock Unit	Acquisiton	2025-03-10	8,431	$0.00	8,431	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
8,306	2025-03-08	2027-03-08	No	4	M	Direct
8,432	2026-03-10	2028-03-10	No	4	A	Direct
8,431	2028-03-10	2028-03-10	No	4	A	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock, No Par Value	Performance-Based Restricted Stock Unit	$0.00	2027-03-08	2027-03-08	12,458	12,458	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2027-03-08	12,458	12,458	Direct

Footnotes

The reporting person acquired 223 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 Units grant.
The Restricted Stock Units vest in three equal installments commencing on March 8, 2025, the first anniversary of the holders' grant date. The remaining Restricted Stock Units will vest in two equal installments commencing on March 8, 2026.
Each restricted stock unit represents a right to receive one share of Issuer common stock.
The restricted stock units vest in three equal installments commencing March 10, 2026, the first anniversary of the holder's grant date.
Each performance-based restricted stock unit, or PRSU, represents a right to receive one share of Issuer common stock.
The PRSUs will vest depending upon the Issuer's Return on Average Tangible Common Equity ("ROATCE") over a three-year period ("Performance Period"), relative to companies in a peer group selected by the Issuer as of the grantdate ("Peer Group"). If the Issuer's ROATCE is at the 35th percentile of the Peer Group at the end of the Performance Period then 50% of the PRSUs will vest. If the Issuer's ROATCE is at the 50th percentile at the end of thePerformance Period then 100% of the PRSUs will vest. If the Issuer's ROATCE is at the 75th percentile at the end of the Performance Period then 150% of the PRSUs will vest. Vesting between performance levels will be determinedby straight-line interpolation. None of the PRSUs will vest if the Issuer's ROATCE does not exceed the 35th threshold of the Peer Group.