Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 131

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 131
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 in the Vesting of Awards; Forfeiture; Assignment section above, upon a change in control of HomeStreet, awards will not vest unless (i) such awards are not assumed by an acquiror or surviving or resulting corporation in accordance with the terms of the 2025 Equity Incentive Plan or (ii) the participant incurs a termination of service by us without cause or by the participant for good reason within six months prior to or 12 months following the change in control. A change in control generally includes (i) the acquisition by a third-party of 33% of more of the outstanding voting stock or equity securities of HomeStreet, (ii) a merger, reorganization, consolidation, or similar transaction with a third-party after which the shareholders of HomeStreet do not retain over 50% of the outstanding voting stock or equity securities following the transaction, (iii) a majority of the members of our board of directors are members who were not appointed by the then existing board of directors, or (iv) the complete liquidation or dissolution of HomeStreet. Notwithstanding the foregoing, a change in control will not be deemed to have occurred so long as Ford Financial Fund II, L.P. or Fund Financial Fund III, L.P. and their respective affiliates (i) are collectively the largest shareholder of HomeStreet or any successor or (ii) remain collectively as the sole party in “control” of HomeStreet or any successor for purposes of the regulations promulgated by the Board of Governors of the Federal Reserve System. In connection with a change in control, outstanding awards may be converted into new awards; exchanged or substituted for with new awards; or canceled for no consideration, provided participants were given notice and an opportunity to purchase or exercise such awards, or canceled and cashed out based on the positive difference between the per share amount to be received in connection with the transaction and the purchase/exercise price per share of the award, if any.

The description of a change in control and its effects on awards granted under the 2025 Equity Incentive Plan is qualified in its entirety by reference to the relevant terms and provisions of the 2025 Equity Incentive Plan, which is attached as

#### Annex D
to this proxy statement/prospectus/consent solicitation statement.

Recoupment for Restatements . HomeStreet may recoup all or any portion of any shares of our common stock or cash paid to a participant in connection with an award as set forth in our clawback policy in effect from