FNRN Form 4 reports multiple insider transactions

WALKER LOUISE A reported multiple insider transaction types in a Form 4 filing for FNRN.

Accepted by SEC EDGAR 02/17/2026 - 05:59 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

WALKER LOUISE A reported multiple insider transaction types in a Form 4 filing for FNRN. The filing lists transactions totaling 53,728 shares at a weighted average price of $6.56 per share. Following the reported transactions, holdings were 202,426 shares.

Insider Trade Summary

22,841 shares exercised/converted

Exercise 3 txns

Insider WALKER LOUISE A

Role Director

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to purchase)	22,841	$5.14	$117K
Exercise Price or Tax Liability	Common Stock	8,046	$14.59	$117K
Exercise	Common Stock	22,841	$5.14	$117K

Holdings After Transaction: Employee Stock Option (right to purchase) — 0 contracts (Direct); Common Stock — 202,426 shares (Direct)

Footnotes (2)

1. F1. Swapped 8,046 aged shares at $14.59 for 22,841 Option shares at $5.14 to gain a total of 14,795 shares.
2. F2. Stock Options Granted vest 0% upon their grant and 25% annually over 4 years.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did FNRN director Louise A. Walker report?

Louise A. Walker reported exercising employee stock options and related share dispositions. She converted 22,841 options at $5.14 into common stock and used 8,046 shares at $14.59 to cover exercise or tax obligations, ending with 202,426 directly owned shares.

How many First Northern Community Bancorp shares does Louise A. Walker own after this Form 4?

After the reported transactions, Louise A. Walker directly owns 202,426 First Northern Community Bancorp common shares. This figure reflects the option exercise for 22,841 shares and the disposition of 8,046 shares to cover the exercise price or related tax obligations.

Did the FNRN Form 4 show an open-market sale of shares by Louise A. Walker?

The Form 4 does not show an open‑market sale. The 8,046 shares at $14.59 are coded “F,” indicating a payment of the option exercise price or tax liability by delivering shares, a tax‑withholding disposition rather than a discretionary sale into the market.

What stock option activity did Louise A. Walker report for FNRN on February 12, 2026?

On February 12, 2026, Walker exercised 22,841 employee stock options with a $5.14 exercise price, converting them into the same number of common shares. The corresponding option position in Table II fell to zero derivative securities beneficially owned following the reported transaction.

What does the Form 4 footnote reveal about Louise A. Walker’s net share change in FNRN?

The footnote states she swapped 8,046 aged shares at $14.59 for 22,841 option shares at $5.14, gaining 14,795 shares. This explains how the combination of option exercise and tax‑related disposition produced a net increase in her First Northern Community Bancorp holdings.

How do the FNRN employee stock options held by Louise A. Walker vest?

The filing explains that the stock options vest 0% at grant and 25% annually over four years. This means the options become exercisable in equal yearly installments, encouraging longer‑term alignment between the director’s equity incentives and First Northern Community Bancorp’s performance.

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

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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
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^*

WALKER LOUISE A

(Last) (First) (Middle)

195 N. 1ST STREET

(Street)

DIXON CA 95620

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST NORTHERN COMMUNITY BANCORP [ FNRN ]

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)
02/12/2026

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	02/12/2026		F/K		8,046	D	$14.59	202,426	D
Common Stock	02/12/2026		M/K(1)		22,841	A	$5.14	202,426	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
Employee Stock Option (right to purchase)	$5.14	02/12/2026		M(1)		22,841		02/18/2020(2)	02/18/2026	Common Stock	22,841	$5.14	0	D

Explanation of Responses:

1. Swapped 8,046 aged shares at $14.59 for 22,841 Option shares at $5.14 to gain a total of 14,795 shares.

2. Stock Options Granted vest 0% upon their grant and 25% annually over 4 years.

	/s/ Devon Camara-Soucy	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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