First Northwest Bancorp (FNWB) EVP receives 4,153-share restricted stock grant

Rhea-AI Filing Summary

Henderson Kyle David reported acquisition or exercise transactions in this Form 4 filing.

First Northwest Bancorp EVP and Chief Credit Officer Kyle David Henderson received a grant of 4,153 shares of restricted Common Stock at $9.18 per share under the 2020 Equity Incentive Plan. One-third of this award will vest annually beginning on March 7, 2027. Following this grant, Henderson holds 20,259 shares in total, including prior unvested restricted stock awards with vesting dates in 2026 and 2027.

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

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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^*

Henderson Kyle David

(Last) (First) (Middle)

105 W 8TH ST

(Street)

PORT ANGELES WA 98362

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
First Northwest Bancorp [ FNWB ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Credit Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2026

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	03/07/2026		A		4,153(1)	A	$9.18	20,259(2)	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:

1. Represents an award of restricted stock under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), one-third of which will vest annually beginning March 7, 2027.

2. Includes 700 unvested shares of restricted stock granted under the Issuer's 2020 Plan, which will vest in full on September 7, 2026; 5,000 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-half of which will vest annually beginning on July 7, 2026; 1,922 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-half of which will vest annually beginning on March 7, 2027; and 4,153 shares of restricted stock granted under the Issuer's 2020 Plan, one-third of which will vest annually beginning on March 7, 2027.

	/s/ Allison R. Mahaney, Attorney-in-Fact for Kyle David Henderson	03/10/2026
	** 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 insider transaction did FNWB report for Kyle David Henderson?

First Northwest Bancorp reported that EVP and Chief Credit Officer Kyle David Henderson received an award of 4,153 shares of restricted Common Stock. The grant was made under the company’s 2020 Equity Incentive Plan as part of his equity-based compensation package.

At what price was the restricted stock granted to FNWB executive Henderson?

The restricted stock granted to Henderson was valued at $9.18 per share. This price represents the grant-date fair value used for the award under First Northwest Bancorp’s 2020 Equity Incentive Plan, reflecting standard equity compensation practices for senior executives.

How does the new restricted stock grant to FNWB’s Henderson vest?

The 4,153-share restricted stock award to Henderson will vest in three equal installments. One-third of the shares will vest each year, beginning on March 7, 2027, providing a multi-year retention and performance alignment incentive for the executive with the company’s long-term results.

How many FNWB shares does Henderson hold after this Form 4 transaction?

After the grant, Henderson beneficially owns 20,259 shares of First Northwest Bancorp Common Stock. This total includes multiple unvested restricted stock awards with scheduled vesting dates in 2026 and 2027 under the company’s 2020 Equity Incentive Plan.

What other unvested restricted stock awards does FNWB’s Henderson have?

Henderson’s holdings include 700 unvested shares vesting on September 7, 2026, 5,000 unvested shares vesting in two annual installments beginning July 7, 2026, and 1,922 unvested shares vesting in two annual installments beginning March 7, 2027, plus the new 4,153-share grant.