0001628280-24-015206.txt : 20240408 0001628280-24-015206.hdr.sgml : 20240408 20240408151937 ACCESSION NUMBER: 0001628280-24-015206 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240401 FILED AS OF DATE: 20240408 DATE AS OF CHANGE: 20240408 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dobyns Tom CENTRAL INDEX KEY: 0001712037 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-31977 FILM NUMBER: 24829379 MAIL ADDRESS: STREET 1: 445 PINE AVENUE CITY: GOLETA STATE: CA ZIP: 93117 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Community West Bancshares CENTRAL INDEX KEY: 0001127371 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 770539125 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 7100 N. FINANCIAL DRIVE, #101 CITY: FRESNO STATE: CA ZIP: 93720 BUSINESS PHONE: 559-298-1775 MAIL ADDRESS: STREET 1: 7100 N. FINANCIAL DRIVE, #101 CITY: FRESNO STATE: CA ZIP: 93720 FORMER COMPANY: FORMER CONFORMED NAME: CENTRAL VALLEY COMMUNITY BANCORP DATE OF NAME CHANGE: 20001117 4 1 wk-form4_1712603968.xml FORM 4 X0508 4 2024-04-01 0 0001127371 Community West Bancshares CWBC 0001712037 Dobyns Tom 7100 N FINANCIAL DRIVE, SUITE 101 FRESNO CA 93720 1 0 0 0 0 CWBC - Common Stock 2024-04-01 4 A 0 3555 A 3555 D CWBC - Stock Option 13.08 2024-04-01 4 A 0 3950 A 2024-04-01 2027-08-24 CWBC - Common Stock 3950 3950 D CWBC - Stock Option 14.85 2024-04-01 4 A 0 2370 A 2024-04-01 2028-10-25 CWBC - Common Stock 2370 6320 D CWBC - Stock Option 8.79 2024-04-01 4 A 0 2370 A 2024-04-01 2030-04-29 CWBC - Common Stock 2370 8690 D Received in exchange for 4,500 shares of Community West Bancshares common stock in connection with the merger of Community West Bancshares with and into Central Valley Community Bancorp, (the "Merger") based on the exchange ratio of 0.79 shares of CVCY common stock for each share of Community West Bancshares common stock. On the effective date of the Merger, the closing price of Central Valley Community Bancorp common stock was $19.89 per share. In connection with the merger, the name of Central Valley Community Bancorp was changed to Community West Bancshares and the NASDAQ trading symbol was change to CWBC. Each stock option was issued in substitution for a stock option issued by the Community West Bancshares for a number of shares of Central Valley common stock at an exercise price, both adjusted for the merger consideration. Based on the closing stock price of Central Valley as of March 28, 2024 ($19.89 per share of Central Valley common stock), the value of the merger consideration was $15.71 ($19.89 * $ 0.79). The exercise price was further adjusted as required by sections 409A and 424 of the Internal Revenue Code. /s/ Shannon Livingston, Attorney-in-Fact for Tom L. Dobyns 2024-04-08