JAY C. ISEMAN - 02 Sep 2025 Form 4 Insider Report for Mechanics Bancorp (MCHB)

Role
EVP - Chief Credit Officer
Signature
/s/ Godfrey B. Evans, Attorney in fact for Jay C. Iseman
Issuer symbol
MCHB
Transactions as of
02 Sep 2025
Transactions value $
-$40,195
Form type
4
Filing time
04 Sep 2025, 21:30:14 UTC
Previous filing
03 Jan 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
ISEMAN JAY C EVP - Chief Credit Officer 1111 CIVIC DRIVE, SUITE 390, WALNUT CREEK /s/ Godfrey B. Evans, Attorney in fact for Jay C. Iseman 04 Sep 2025 0001529667

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHB Common Stock Award $0 +2,545 +2.98% $0.000000 88,058 02 Sep 2025 Direct F1, F2
transaction MCHB Common Stock Tax liability -$9,556 -689 -0.78% $13.87 87,369 02 Sep 2025 Direct F3
transaction MCHB Common Stock Award $0 +8,169 +9.35% $0.000000 95,538 02 Sep 2025 Direct F1, F4
transaction MCHB Common Stock Tax liability -$30,638 -2,209 -2.31% $13.87 93,329 02 Sep 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

JAY C. ISEMAN is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
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.
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.
F3 Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlement of PSUs.
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.

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.