Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 654

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 654
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empt Shares.”

2.21 “

#### Exercise Date
” is defined in Section 8.3(b) hereof.

2.22 “

#### Exercise Notice
” is defined in Section 8.3(b) hereof.

2.23 “

#### Exercise Period
” means the period set forth in the Award Agreement during which one or more Stock Options or Stock Appreciation Rights granted under an Award may be exercised or converted, as applicable.

2.24 “

#### Fair Market Value
” means, as of a particular date, (a) if the shares of Common Stock are listed on any established national securities exchange, the closing sales price per share of Common Stock on the consolidated transaction reporting system for the principal securities exchange for the Common Stock on that date (as determined by the Committee, in its discretion), or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported; (b) if the shares of Common Stock are not so listed, but are quoted on an automated quotation system, the closing sales price per share of Common Stock reported on the automated quotation system on that date, or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported; (c) if the Common Stock is not so listed or quoted, the mean between the closing bid and asked price on that date, or, if there are no quotations available for such date, on the last preceding date on which such quotations shall be available, as reported by the National Association of Securities Dealer, Inc.’s OTC Bulletin Board or the Pink OTC Markets, Inc. (previously known as the National Quotation Bureau, Inc.); or (d) if none of the above is applicable, such amount as may be determined by the Committee (acting on the advice of an Independent Third Party, should the Committee elect in its sole discretion to utilize an Independent Third Party for this purpose), in good faith, to be the fair market value per share of Common Stock. The determination of Fair Market Value shall, where applicable, be in compliance with Section 409A of the Code.

2.25 “

#### Full-Value Award
” means any Award other than a Stock Option, Stock Appreciation Right or Cash Award.

2.26 “

#### Good Reason
” shall have the meaning set forth in the Participant’s Award Agreement.