Tax-withholding share move by First Northwest (FNWB) CFO Rose

Rhea-AI Filing Summary

First Northwest Bancorp executive vice president and chief financial officer Phyllis Rose reported a small, routine tax-related share disposition. On a transaction dated May 7, 2026, she used 605 shares of common stock, valued at $9.97 per share, to satisfy tax obligations.

After this tax-withholding disposition, she directly holds 12,002 common shares. Her position also includes unvested restricted stock awards: 3,333 unvested shares with one-half vesting on January 7, 2027, another 3,333 unvested shares with one-half vesting annually beginning May 7, 2027, and 3,115 unvested shares with one-third vesting annually beginning March 7, 2027. This event reflects tax handling on equity compensation rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nomura Phyllis Rose

Role EVP, Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	605	$9.97	$6K

Holdings After Transaction: Common Stock — 12,002 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Tax-withholding shares: 605 shares Tax-withholding price: $9.97 per share Shares held after transaction: 12,002 shares +3 more

6 metrics

Tax-withholding shares 605 shares Common stock delivered for tax obligations on May 7, 2026

Tax-withholding price $9.97 per share Value used for the 605-share tax-withholding disposition

Shares held after transaction 12,002 shares Directly held FNWB common stock following the Form 4 transaction

Unvested restricted stock grant 1 3,333 shares One-half scheduled to vest on January 7, 2027 under 2020 Plan

Unvested restricted stock grant 2 3,333 shares One-half vesting annually beginning May 7, 2027 under 2020 Plan

Unvested restricted stock grant 3 3,115 shares One-third vesting annually beginning March 7, 2027 under 2020 Plan

Key Terms

tax-withholding disposition, restricted stock, unvested shares, 2020 Plan

4 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" describing use of shares for taxes"

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.

restricted stock financial

"Includes 3,333 unvested shares of restricted stock granted under the Issuer's 2020 Plan"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

unvested shares financial

"Includes 3,333 unvested shares of restricted stock granted under the Issuer's 2020 Plan"

2020 Plan financial

"restricted stock granted under the Issuer's 2020 Plan"

Form 4 Insider Transactions: What Each Field Means →

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^*

Nomura Phyllis Rose

(Last) (First) (Middle)

105 W 8TH ST

(Street)

PORT ANGELES WASHINGTON 98362

(City) (State) (Zip)

UNITED STATES

(Country)

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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/07/2026		F		605	D	$9.97	12,002(1)	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. Includes 3,333 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-half of which will vest on January 7, 2027; 3,333 unvested shares of restricted stock granted under Issuer's 2020 Plan, one-half of which will vest annually beginning on May 7, 2027; and 3,115 unvested 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 Phyllis R. Nomura	05/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did FNWB CFO Phyllis Rose report?

Phyllis Rose reported a tax-withholding disposition of 605 First Northwest Bancorp common shares. The shares, valued at $9.97 each, were used to cover tax obligations on equity compensation rather than representing an open-market purchase or sale of stock.

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

After the reported transaction, Phyllis Rose directly holds 12,002 shares of First Northwest Bancorp common stock. This figure reflects her position following the 605-share tax-withholding disposition, not including additional unvested restricted stock awards that are scheduled to vest over future years.

Was the FNWB CFO’s Form 4 transaction an open-market sale of shares?

No, the transaction was classified as a tax-withholding disposition, not an open-market sale. Shares were delivered to satisfy tax liabilities associated with equity compensation, meaning it was a mechanistic tax event rather than a discretionary decision to sell shares on the open market.

What restricted stock awards does FNWB CFO Phyllis Rose currently have?

Her holdings include 3,333 unvested shares vesting half on January 7, 2027, another 3,333 unvested shares vesting half annually starting May 7, 2027, and 3,115 unvested shares vesting one-third annually starting March 7, 2027, all under the issuer’s 2020 Plan.

How many shares were involved in the FNWB CFO’s tax-withholding transaction?

The tax-withholding disposition involved 605 shares of First Northwest Bancorp common stock. These shares were valued at $9.97 per share and were delivered to cover tax liabilities, leaving the CFO with 12,002 directly held shares after the transaction was completed.