First Northwest Bancorp (FNWB) Rule 144 Notice for 30,000 Shares
Rhea-AI Filing Summary
Form 144 notice for FNWB reports a proposed sale of 30,000 shares of the issuer's common stock through Charles Schwab & Co., Inc., with an aggregate market value of $237,300 and an approximate sale date of 08/14/2025. The securities were originally acquired by gift from the issuer at its IPO on 01/29/2015, and the filer shows total acquired securities of 966,360 shares with a payment/transfer date of 12/29/2015 noted as a gift. The filing also discloses a recent sale by First Federal Community Foundation of 3,485 shares on 06/12/2025 for $30,603. The notice contains the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- Rule 144 notice filed disclosing broker, share count (30,000), and approximate sale date (08/14/2025)
- Acquisition history provided: shares were gifted at IPO (01/29/2015) with transfer date recorded (12/29/2015)
- Recent related sale disclosed: First Federal Community Foundation sold 3,485 shares for $30,603 on 06/12/2025
Negative
- None.
Insights
TL;DR: A Rule 144 filing notifies a planned sale of 30,000 FNWB shares valued at $237,300, with prior gift acquisition details disclosed.
The filing is procedural: it identifies the class (common stock), broker (Charles Schwab & Co.), number of shares proposed for sale (30,000), and an approximate sale date (08/14/2025). It also documents that the shares were gifted at the issuer's IPO in 2015, showing 966,360 shares acquired by gift and a payment/transfer date of 12/29/2015. A separate recent sale by First Federal Community Foundation (3,485 shares for $30,603 on 06/12/2025) is disclosed. For investors, the filing provides transparency on potential share supply but contains no operational or financial performance data.
TL;DR: Governance disclosure meets Rule 144 reporting requirements; shows gift-origin holdings and a planned brokered sale.
The notice includes the required representation that the seller lacks undisclosed material adverse information and lists broker and sale specifics, indicating compliance with securities transfer disclosure rules. It records the original acquisition as a gift from the issuer at IPO and a prior short-term sale by a named foundation. The document contains no statements about insider relationships or control changes beyond the listed transactions.