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Wellington Management filed an amended Schedule 13G reporting beneficial ownership of 3,005,249 shares of Heritage Commerce Corp, representing 4.88% of the outstanding common stock. The filing shows no sole voting or dispositive power; voting power is reported as shared for 2,671,211 shares and dispositive power is reported as shared for 3,005,249 shares. The securities are owned of record by clients of Wellington鈥檚 registered investment advisers and are held in the ordinary course of business. The filing states no client is known to hold more than five percent of the class and includes the certification that the position was not acquired to influence control of the issuer.

Heritage Commerce Corp reported a mixed quarter. For the three months ended June 30, 2025 the company recorded net income of $6.4 million versus $9.2 million a year earlier, and diluted earnings per share of $0.10 versus $0.15. For the six months, net income was $18.0 million versus $19.4 million a year earlier.

Core lending performance improved: interest income on loans rose to $49.3 million (Q2) and net interest income increased to $44.8 million (Q2) and $88.2 million (six months). However, a sharp rise in noninterest expense to $38.3 million (Q2) from $28.2 million a year ago reduced pre-tax income to $8.9 million (Q2).

Liquidity and balance-sheet notes include deposits of $4.627 billion (down from $4.820 billion at year-end), cash and cash equivalents of $721.8 million (down from $968.1 million), loans, net of deferred fees of $3.4857 billion, an allowance for credit losses of $48.6 million, and held-to-maturity securities with an amortized cost of $561.2 million and fair value of $486.5 million (material unrealized losses). The company repurchased 207,989 shares for $1.912 million and has remaining repurchase capacity of $13.078 million. Total assets were $5.467 billion and shareholders' equity was $694.7 million.

Heritage Commerce Corp (HTBK) 鈥� Form 4: EVP & CFO Seth Fonti reported the award of 32,188 shares of restricted common stock on 5 Aug 2025. The equity was granted at $0 cost under the company鈥檚 2023 Equity Incentive Plan and will vest in three equal annual installments starting 5 Aug 2026, contingent on Fonti鈥檚 continued service. After the grant, his direct beneficial ownership equals 32,188 HTBK shares. No derivative securities were involved and there were no dispositions. The filing reflects routine executive compensation and has minimal dilution impact for shareholders.

Form 4 鈥� Thomas A. Sa (EVP/Chief Operating Officer)

On 08/01/2025 Mr. Sa purchased 20,000 shares of Heritage Commerce Corp (HTBK) at $9.25 per share, resulting in 20,000 shares beneficially owned directly. The filing also reports performance-based RSUs for 13,036 shares (date shown 03/10/2028) and restricted stock units for 37,664 (dates shown 11/18/2025鈥�11/18/2027) and 13,036 (dates shown 03/10/2026鈥�03/10/2028). The form is signed 08/05/2025 by an attorney-in-fact.

On 07/29/2025, Heritage Commerce Corp (HTBK) filed a Form 4 disclosing that its SVP & Chief Accounting Officer, Jeannie Tam, received 6,233 shares of restricted common stock at $0 cost. The grant was made under the company鈥檚 2023 Equity Incentive Plan and vests in three equal annual tranches beginning 07/29/2026, conditional upon continued service.

Following the award, Tam鈥檚 direct beneficial ownership totals 6,233 HTBK shares. No sales, options, or other derivative transactions were reported. The filing reflects incremental insider ownership and aligns executive incentives with shareholders, but the scale of the award is relatively small and is unlikely to materially affect overall insider ownership percentages or the company鈥檚 capital structure.