Community West Bancshares (CWBC) EVP exercises options, lifts direct stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Community West Bancshares executive Timothy Joseph Stronks exercised stock options and increased his direct shareholdings. On March 13, 2026, he exercised options covering 15,800 shares of CWBC common stock at an exercise price of $16.35 per share, acquiring 15,800 shares.
Following the transaction, Stronks directly owns 25,090 shares of CWBC common stock. He also retains several stock option awards, including options over 5,925, 1,580, 3,950 and 7,900 underlying shares with exercise prices between $8.79 and $17.51, expiring between 2029 and 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,800 shares exercised/converted
Mixed
6 txns
Insider
Stronks Timothy Joseph
Role
EXECUTIVE VICE PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | CWBC - Stock Option | 15,800 | $22.54 | $356K |
| Exercise | CWBC - Common Stock | 15,800 | $16.35 | $258K |
| holding | CWBC - Stock Option | -- | -- | -- |
| holding | CWBC - Stock Option | -- | -- | -- |
| holding | CWBC - Stock Option | -- | -- | -- |
| holding | CWBC - Stock Option | -- | -- | -- |
Holdings After Transaction:
CWBC - Stock Option — 0 shares (Direct);
CWBC - Common Stock — 25,090 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did CWBC executive Timothy Stronks report on this Form 4?
Timothy Joseph Stronks reported exercising stock options for 15,800 CWBC shares at an exercise price of $16.35 per share. This option exercise converted derivative holdings into common stock and increased his direct equity stake in Community West Bancshares.
What stock options does CWBC executive Timothy Stronks retain after this Form 4 transaction?
Stronks retains several CWBC stock option grants, including options over 5,925, 1,580, 3,950 and 7,900 underlying shares. These options have exercise prices from $8.79 to $17.51 and expiration dates ranging from 2029 to 2032.
What does the transaction code "M" mean in Timothy Stronks’s CWBC Form 4?
The transaction code "M" indicates an exercise or conversion of a derivative security, such as a stock option. In this case, it shows Stronks exercised options to acquire 15,800 CWBC common shares at a set exercise price of $16.35 per share.