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Finwise Bancorp (FINW) insider uses 1,995 shares for tax withholding

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Finwise Bancorp insider Richard Thiessens reported a tax-withholding share disposition. On the reported date, 1,995 shares of common stock were delivered at $14.00 per share to satisfy tax obligations rather than sold in the open market. After this transaction, he directly holds 52,544 shares of Finwise Bancorp common stock.

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Negative

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Insider Thiessens Richard
Role Insider
Type Security Shares Price Value
Exercise Price or Tax Liability Common Stock, par value $0.001 per share 1,995 $14.00 $28K
Holdings After Transaction: Common Stock, par value $0.001 per share — 52,544 shares (Direct)
Shares withheld for taxes 1,995 shares Tax-withholding disposition on reported transaction date
Tax-withholding price $14.00 per share Value used for tax-withholding disposition
Shares held after transaction 52,544 shares Direct holdings following tax-withholding disposition
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
Common Stock, par value $0.001 per share financial
"security_title: "Common Stock, par value $0.001 per share""

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did Richard Thiessens report at Finwise Bancorp (FINW)?

Richard Thiessens reported a tax-withholding disposition of 1,995 shares of Finwise Bancorp common stock. The shares were delivered at $14.00 each to satisfy tax obligations, rather than being sold in the open market.

Was the Finwise Bancorp (FINW) Form 4 transaction an open-market sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were used to pay tax liabilities at $14.00 per share, a routine mechanism when equity awards vest or are exercised.

How many Finwise Bancorp (FINW) shares did Richard Thiessens dispose of for taxes?

He disposed of 1,995 shares of Finwise Bancorp common stock. The filing labels this as a tax-withholding transaction at $14.00 per share, used to satisfy tax obligations associated with equity compensation.

How many Finwise Bancorp (FINW) shares does Richard Thiessens hold after the transaction?

After the reported tax-withholding disposition, Richard Thiessens directly holds 52,544 shares of Finwise Bancorp common stock. This figure reflects his position immediately following the 1,995-share tax-withholding transaction.

What does transaction code F mean in the Finwise Bancorp (FINW) Form 4?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this Form 4, it reflects 1,995 shares of Finwise Bancorp common stock delivered at $14.00 per share for tax withholding.
SEC Form 4
FORM 4UNITED 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
Estimated average burden
hours per response:0.5
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*
Thiessens Richard

(Last)(First)(Middle)
C/O FINWISE BANCORP
756 EAST WINCHESTER ST, SUITE 100

(Street)
MURRAY UTAH 84107

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Finwise Bancorp [ FINW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
Officer (give title below)XOther (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.001 per share05/27/2026F1,995D$1452,544D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Remarks:
Relationship of Reporting Person(s) to Issuer: EVP, Chief Technology Officer of FinWise Bank, a wholly owned subsidiary of FinWise Bancorp
/s/ Richard Thiessens05/28/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)