Director at First Northwest Bancorp (FNWB) receives 2,533-share equity grant

Rhea-AI Filing Summary

Anderson Sherilyn G reported acquisition or exercise transactions in this Form 4 filing.

First Northwest Bancorp director Sherilyn G. Anderson received an equity award of 2,533 shares of common stock on March 7, 2026. The shares were granted under the company’s 2020 Equity Incentive Plan at $9.18 per share and will vest in full on March 7, 2027, bringing her direct holdings to 15,044 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Anderson Sherilyn G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,533	$9.18	$23K

Holdings After Transaction: Common Stock — 15,044 shares (Direct)

Footnotes (1)

1. Represents an award of shares of restricted stock under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), which will vest in full on March 7, 2027. Includes 2,533 unvested shares of restricted stock granted under the 2020 Plan, which will vest in full on March 7, 2027.

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^*

Anderson Sherilyn G

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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		2,533(1)	A	$9.18	15,044(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 shares of restricted stock under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), which will vest in full on March 7, 2027.

2. Includes 2,533 unvested shares of restricted stock granted under the 2020 Plan, which will vest in full on March 7, 2027.

	/s/ Allison R. Mahaney, Attorney-in-Fact for Sherilyn G. Anderson	03/09/2026
	** 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 director Sherilyn G. Anderson report?

Sherilyn G. Anderson reported receiving an award of 2,533 shares of First Northwest Bancorp common stock. The shares were granted under the 2020 Equity Incentive Plan as restricted stock and represent a non‑cash equity compensation grant rather than an open‑market purchase.

At what price were the FNWB restricted shares granted to Sherilyn G. Anderson?

The 2,533 restricted shares were granted at $9.18 per share. This price is used to value the equity award for reporting purposes and does not indicate an open‑market trade by the director in First Northwest Bancorp stock.

When do Sherilyn G. Anderson’s FNWB restricted stock awards vest?

The 2,533 restricted shares granted to Sherilyn G. Anderson will vest in full on March 7, 2027. Until vesting, they remain restricted stock under the 2020 Equity Incentive Plan, with vesting tied to continued service or plan conditions.

How many First Northwest Bancorp shares does Sherilyn G. Anderson own after this award?

After the reported award, Sherilyn G. Anderson directly holds 15,044 shares of First Northwest Bancorp common stock. This total includes 2,533 unvested restricted shares granted under the 2020 Equity Incentive Plan that vest on March 7, 2027.

Is Sherilyn G. Anderson’s FNWB transaction a purchase or a stock grant?

The filing reflects a stock grant, not a purchase. The 2,533 shares are an award of restricted stock under the 2020 Equity Incentive Plan, reported as a grant or other acquisition rather than an open‑market buy transaction in First Northwest Bancorp shares.

What plan governs the FNWB restricted stock granted to Sherilyn G. Anderson?

The restricted stock award was made under First Northwest Bancorp’s 2020 Equity Incentive Plan. The grant consists of 2,533 unvested shares of common stock that will vest in full on March 7, 2027, subject to the plan’s terms and conditions.