Form 4 for MCHB Mechanics Bancorp
Accepted 2026-01-05 00:00:00 ET · period of report 2025-09-02 · accession 0002103476-26-000002 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2026-01-05 | 2025-09-02+ | MCHB | Pierce Christopher D | EVP, COO | A - Grant | $0.00 | +33.1K | 33.1K | New | $0 |
| D | 2026-01-05 | 2025-12-31 | MCHB | Pierce Christopher D | EVP, COO | F - Tax | $14.63 | -4,903 | 28.2K | -15% | -$71.7K |
| D | 2026-01-05 | 2025-09-02 | MCHB | Pierce Christopher D | EVP, COO | A - Grant | $0.00 | +13.7K | 13.7K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-09-02 | A | A | 11,262 | — | 11,262 | D | — | — | (F1) Received in exchange for an aggregate of 3.41 shares of Mechanics Bank ("MB") original voting common stock and MB restricted stock units in connection with the merger of HomeStreet Bank, a wholly owned subsidiary of Issuer, with and into MB, pursuant to which MB continued as the surviving corporation and as a wholly owned subsidiary of Issuer (the "Merger"). (F2) As consideration for the Merger, (i) each share of MB voting common stock converted into the right to receive 3,301.0920 shares of Issuer Class A Common Stock, which, on the effective date of the Merger, had a closing price of $13.87 per share, (ii) each MB restricted stock unit of the Reporting Person converted into restricted stock units of Issuer for the right to receive 3,301.0920 shares of Issuer Class A Common Stock, and (iii) each MB incentive unit of the Reporting Person converted into incentive units of Issuer of the economic equivalent of 3,301.0920 shares of Issuer Class A Common Stock. |
| 2 | Common | Class A Common Stock | 2025-09-26 | A | A | 21,818 | $0.00 | 33,080 | D | — | — | |
| 3 | Common | Class A Common Stock | 2025-12-31 | F | D | 4,903 | $14.63 | 28,177 | D | — | — | |
| 4 | Derivative | Incentive Units - Not Deferred (2024) | 2025-09-02 | A | A | 13,742 | $0.00 | 13,742 | D | — · — to — | 13,742 Class A Common Stock | (F3) Each incentive unit is the economic equivalent of one share of Issuer Class A Common Stock. (F2) As consideration for the Merger, (i) each share of MB voting common stock converted into the right to receive 3,301.0920 shares of Issuer Class A Common Stock, which, on the effective date of the Merger, had a closing price of $13.87 per share, (ii) each MB restricted stock unit of the Reporting Person converted into restricted stock units of Issuer for the right to receive 3,301.0920 shares of Issuer Class A Common Stock, and (iii) each MB incentive unit of the Reporting Person converted into incentive units of Issuer of the economic equivalent of 3,301.0920 shares of Issuer Class A Common Stock. (F4) The incentive units vest in three equal annual installments beginning February 15, 2026. |