Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 129

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 129
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 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 time to time.

Adjustments Upon Changes in Capitalization . In the event that any dividend or other distribution (whether in the form of cash, shares of our common stock, other securities, or other property), recapitalization, stock split, reverse stock split, rights offering, reorganization, merger, consolidation, split-up, spin-off, split-off, combination, subdivision, repurchase, or exchange of shares of our common stock or other securities, issuance of warrants or other rights to purchase shares of our common stock or other securities, or other similar corporate transaction or event affects the

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#### TABLE OF CONTENTS
fair market value of an award, the Committee shall, to the extent it deems necessary and advisable, adjust any or all of the following so that the fair market value of the award immediately after the transaction or event is equal to the fair market value of the award immediately prior to the transaction or event (i