First Northwest Bancorp (FNWB) director receives 2,533-share stock grant

Rhea-AI Filing Summary

Galanda Gabriel Steven reported acquisition or exercise transactions in this Form 4 filing.

First Northwest Bancorp director Gabriel Steven Galanda received an equity award of company stock. On March 7, 2026, he was granted 2,533 shares of common stock at a reference price of $9.18 per share under the 2020 Equity Incentive Plan as restricted stock.

The award will vest in full on March 7, 2027, meaning the shares become fully owned at that time. After this grant, Galanda directly holds 12,566 shares of First Northwest Bancorp common stock, including the 2,533 unvested restricted shares under the 2020 Plan.

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^*

Galanda Gabriel Steven

(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	12,566(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 Issuer's 2020 Plan, which will vest in full on March 7, 2027.

	/s/ Allison R. Mahaney, Attorney-in-Fact for Gabriel S. Galanda	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).
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FAQ

What insider transaction did FNWB director Gabriel Steven Galanda report?

Director Gabriel Steven Galanda reported receiving an award of 2,533 shares of First Northwest Bancorp common stock. The award was granted on March 7, 2026, under the company’s 2020 Equity Incentive Plan as restricted stock rather than an open-market purchase.

At what price was the restricted stock award to FNWB director Galanda valued?

The restricted stock award to Gabriel Steven Galanda was valued at $9.18 per share for 2,533 shares. This reference price reflects the grant valuation used in the Form 4 and helps quantify the size of the equity incentive granted to the director.

When do Gabriel Steven Galanda’s FNWB restricted shares vest?

Gabriel Steven Galanda’s 2,533 restricted shares of First Northwest Bancorp vest in full on March 7, 2027. Until that date, they remain unvested under the 2020 Equity Incentive Plan, after which they become fully earned and no longer subject to vesting conditions.

How many FNWB shares does director Gabriel Steven Galanda hold after this grant?

After the March 7, 2026 grant, Gabriel Steven Galanda directly holds 12,566 shares of First Northwest Bancorp common stock. This total includes the 2,533 unvested restricted shares granted under the company’s 2020 Equity Incentive Plan, as disclosed in the Form 4 filing.

Is Gabriel Steven Galanda’s FNWB transaction a market buy or a stock award?

Gabriel Steven Galanda’s FNWB transaction is a stock award, not a market purchase. The Form 4 uses code “A” for a grant or award acquisition and specifies that the 2,533 shares are restricted stock under the 2020 Equity Incentive Plan with future vesting.