# EDGAR Filing Document

**Accession Number:** 0001046025
**File Stem:** 0001046025-23-000052
**Filing Date:** 2023-3
**Character Count:** 7134
**Document Hash:** c7ab4d886878fff218224600f3da33b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001046025-23-000052.hdr.sgml**: 20230316

**ACCESSION NUMBER**: 0001046025-23-000052

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230315

**FILED AS OF DATE**: 20230316

**DATE AS OF CHANGE**: 20230316

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Ray Matthew T.
- **CENTRAL INDEX KEY:** 0001961151

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-29480
- **FILM NUMBER:** 23739960

**MAIL ADDRESS:**
- **STREET 1:** 201 5TH AVE SW
- **CITY:** OLYMPIA
- **STATE:** WA
- **ZIP:** 98501
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HERITAGE FINANCIAL CORP /WA/
- **CENTRAL INDEX KEY:** 0001046025
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
- **IRS NUMBER:** 911857900
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 201 FIFTH AVENUE S.W.
- **STREET 2:** P O BOX 1578
- **CITY:** OLYMPIA
- **STATE:** WA
- **ZIP:** 98501
- **BUSINESS PHONE:** 3609431500

**MAIL ADDRESS:**
- **STREET 1:** 205 5TH AVE SW
- **STREET 2:** P O BOX 1578
- **CITY:** OLYMPIA
- **STATE:** WA
- **ZIP:** 98501

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Ray Matthew T.<br><sub>(Last) (First) (Middle)</sub><br>201 5TH AVE SW<br><sub>(Street)</sub><br>OLYMPIA, WA 98501<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-15 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_EVP Chief Lending Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>HERITAGE FINANCIAL CORP /WA/ [ HFWA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-15 |  | M |  | 709 | A | $22.83 | 12168 | D |  |
| Common Stock | 2023-03-15 |  | M |  | 505 | A | $22.83 | 12673 | D |  |
| Common Stock | 2023-03-15 |  | M |  | 201 | A | $22.83 | 12874 | D |  |
| Common Stock | 2023-03-15 |  | M |  | 522 | A | $22.83 | 13396 | D |  |
| Common Stock | 2023-03-15 |  | M |  | 709 | A | $22.83 | 14105 | D |  |
| Common Stock | 2023-03-15 |  | M |  | 254 | A | $22.83 | 14359 | D |  |
| Common Stock | 2023-03-15 |  | M |  | 154 | A | $22.83 | 14513 | D |  |
| Common Stock | 2023-03-15 |  | F |  | 587 | D | $22.83 | 13926 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units<sup>(1)</sup> | $0.0 | 2023-03-15 |  | M |  |  | 709 | 2023-03-15 | 2023-03-15 | Common Stock | 709.0 | $22.83 | 0 | D |  |
| Restricted Stock Units<sup>(2)</sup> | $0.0 | 2023-03-15 |  | M |  |  | 505 | 2023-03-15 | 2028-03-15 | Common Stock | 505.0 | $22.83 | 2521 | D |  |
| Restricted Stock Units<sup>(1)</sup> | $0.0 | 2023-03-15 |  | M |  |  | 201 | 2023-03-15 | 2023-03-15 | Common Stock | 201.0 | $22.83 | 0 | D |  |
| Restricted Stock Units<sup>(3)</sup> | $0.0 | 2023-03-15 |  | M |  |  | 522 | 2023-03-15 | 2024-03-15 | Common Stock | 522.0 | $22.83 | 537 | D |  |
| Restricted Stock Units<sup>(4)</sup> | $0.0 | 2023-03-15 |  | M |  |  | 709 | 2023-03-15 | 2025-03-15 | Common Stock | 709.0 | $22.83 | 1420 | D |  |
| Restricted Stock Units | $0.0 | 2023-03-15 |  | M |  |  | 254 | 2023-03-15 | 2024-03-15 | Common Stock | 254.0 | $22.83 | 261 | D |  |
| Restricted Stock Units<sup>(4)</sup> | $0.0 | 2023-03-15 |  | M |  |  | 154 | 2023-03-15 | 2027-03-15 | Common Stock | 154.0 | $22.83 | 619 | D |  |

---

### Footnotes:

(1) RSU award granted 02/26/2020

(2) RSU award granted 03/01/2018

(3) RSU award granted on 02/25/2021

(4) RSU award granted 02/22/2022

**Signature:** Kaylene Lahn Attorney in Fact for Matthew Ray  
**Date:** 2023-03-16

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**