FINW Insider Filing: James Giordano Buys 2,500, Disposes 396,428 Shares

Rhea-AI Filing Summary

James N. Giordano, a director of FinWise Bancorp (FINW), reported transactions on Form 4 dated 09/05/2025. The filing shows a purchase of 2,500 shares of common stock at $19.32 per share, held indirectly in joint ownership with his spouse. The form also records a disposition of 396,428 shares. The report is signed by Mr. Giordano on 09/08/2025.

Positive

• Director purchase of 2,500 shares at a clear price of $19.32 shows an explicit insider buy.
• Purchase held indirectly in joint ownership with spouse, clearly disclosed.

Negative

• Large disposition of 396,428 shares is reported without accompanying price or date details in the visible rows.
• Form lacks explanatory remarks about the large sale, so intent and context are not provided.

Insights

Financial Analyst

TL;DR: Director bought 2,500 shares at $19.32 but the filing also shows a large disposal of 396,428 shares; overall impact appears neutral.

The purchase of 2,500 shares is a small, explicit insider buy at $19.32, indicating a modest personal purchase. The filing separately reports a disposal of 396,428 shares, which is material in absolute terms but the form does not state price or date details for that disposal line. Without additional context (proceeds, timing, or reason), the net impact on shareholder value cannot be determined from this Form 4 alone.

Corporate Governance Expert

TL;DR: Insider activity shows mixed signals: a minor buy alongside a large sell; governance implications depend on missing details.

Mr. Giordano is identified as a director and filed individually. The form explicitly lists joint indirect ownership for the purchased shares. The coexistence of a small acquisition and a large disposition on the same report raises governance questions about timing and intent, but the filing lacks explanatory remarks. The signature confirms the filing but provides no further narrative.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Giordano James N

(Last) (First) (Middle)

C/O FINWISE BANCORP

756 EAST WINCHESTER ST, SUITE 100

(Street)

MURRAY UT 84107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Finwise Bancorp [ FINW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	09/05/2025		P	V	2,500	A	$19.32	2,500	I	Joint ownership with spouse
Common Stock, par value $0.001 per share								396,428	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ James N. Giordano	09/08/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transactions did James N. Giordano report on the FINW Form 4?

The Form 4 reports a purchase of 2,500 common shares at $19.32 and a reported disposition of 396,428 shares.

When was the purchase transaction executed for FINW?

The Form 4 shows the transaction date for the purchase as 09/05/2025.

How does Mr. Giordano hold the purchased FINW shares?

The purchased 2,500 shares are reported as indirect ownership via joint ownership with his spouse.

Who signed the Form 4 filing for FINW?

The filing is signed by /s/ James N. Giordano with the signature date of 09/08/2025.

Is the price disclosed for the reported disposition of 396,428 FINW shares?

No. The visible table line reports the disposition quantity 396,428 but does not show a price or detailed date for that disposal in the provided content.