Parham Medhat - 01 Mar 2024 Form 4 Insider Report for Luther Burbank Corp (LBC)

Role: EVP, Chief Ops & Tech Officer
Signature: /s/ Dawn Alger, power of attorney for Parham Medhat
Issuer symbol: LBC
Transactions as of: 01 Mar 2024
Transactions value $: $0
Form type: 4
Filing time: 01 Mar 2024, 11:05:28 UTC
Previous filing: 21 Feb 2024
Next filing: 10 Nov 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LBC	Common Stock	Disposed to Issuer		-14,876	-100%		0	01 Mar 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Parham Medhat is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Disposed of in connection with the Agreement and Plan of Reorganization between the Issuer and WaFd, Inc. ("WaFd", f/k/a Washington Federal, Inc.), dated November 13, 2022, as amended (the "Merger Agreement"), pursuant to which the Issuer was merged with and into WaFd on March 1, 2024 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into, and canceled in exchange for, the right to receive 0.3353 shares of WaFd common stock and cash in lieu of fractional shares, if applicable.

Content

Disposed of in connection with the Agreement and Plan of Reorganization between the Issuer and WaFd, Inc. ("WaFd", f/k/a Washington Federal, Inc.), dated November 13, 2022, as amended (the "Merger Agreement"), pursuant to which the Issuer was merged with and into WaFd on March 1, 2024 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into, and canceled in exchange for, the right to receive 0.3353 shares of WaFd common stock and cash in lieu of fractional shares, if applicable.