Finwise Bancorp (FINW) director Giordano awarded 3,179 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Giordano James N reported acquisition or exercise transactions in this Form 4 filing.
Finwise Bancorp director James N. Giordano reported a stock award of common shares as part of his compensation. On March 31, 2026, he received 3,179 shares of common stock at a reference price of $15.73 per share, based on the average closing price over fifteen trading days before the grant.
Following this award, Giordano directly holds 399,607 common shares. The filing also shows an additional 2,500 shares held through joint ownership with his spouse, reflecting indirect ownership separate from his direct holdings. This transaction is an equity grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Giordano James N
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 per share | 3,179 | $15.73 | $50K |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 399,607 shares (Direct);
Common Stock, par value $0.001 per share — 2,500 shares (Indirect, Joint ownership with spouse)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 3,179 shares
Grant reference price: $15.73 per share
Direct holdings after grant: 399,607 shares
+1 more
4 metrics
Shares granted
3,179 shares
Common stock award on March 31, 2026
Grant reference price
$15.73 per share
Average closing price over 15 trading days before grant
Direct holdings after grant
399,607 shares
Common stock directly owned after March 31, 2026 award
Indirect joint holdings
2,500 shares
Joint ownership with spouse reported as indirect
Key Terms
grant, award, or other acquisition, average closing price, joint ownership with spouse
3 terms
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
average closing price financial
"price is equal to the average closing price of the issuer's common stock"
joint ownership with spouse financial
"nature_of_ownership: Joint ownership with spouse"
FAQ
What did Finwise Bancorp (FINW) director James N. Giordano report in this Form 4?
He reported receiving a stock award of 3,179 Finwise Bancorp common shares as compensation. The grant was recorded at a reference price of $15.73 per share, increasing his total direct and indirect holdings disclosed in the filing.
Was the Finwise Bancorp (FINW) transaction an open-market stock purchase?
No, the filing describes a grant or award acquisition of shares, not an open-market purchase. The 3,179 shares were granted at a valuation based on the average closing price over fifteen trading days before the grant date.
What price was used to value the Finwise Bancorp (FINW) stock award?
The award is reported at $15.73 per share. A footnote explains this equals the average closing price of Finwise Bancorp common stock for the fifteen trading days ending the day before the grant date.
How is joint ownership with spouse reported in the Finwise Bancorp (FINW) Form 4?
The filing lists 2,500 shares as indirectly owned through joint ownership with spouse. This indicates the shares are not held in his direct name but are reported as an indirect beneficial holding associated with him.