FNWB director awarded 2,533 restricted shares

First Northwest Bancorp director Lynn Terwoerds received an equity award of common stock.

Rhea-AI Filing Summary

First Northwest Bancorp director Lynn Terwoerds received an equity award of common stock. On March 7, 2026, Terwoerds acquired 2,533 shares of restricted common stock at $9.18 per share as a grant under the company’s 2020 Equity Incentive Plan.

The award will vest in full on March 7, 2027. Following this grant, Terwoerds now directly holds 13,594 shares of common stock, including the 2,533 unvested restricted shares scheduled to vest in 2027.

Insider Trade Summary

Grant/Award: 2,533 shares

Grant/Award 1 txn

Insider Terwoerds Lynn

Role Director

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

Holdings After Transaction: Common Stock — 13,594 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Includes 2,533 unvested shares of restricted stock granted under the Issuer's 2020 Plan, which will vest in full on March 7, 2027.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did First Northwest Bancorp (FNWB) director Lynn Terwoerds report in this Form 4 filing?

Lynn Terwoerds reported receiving a grant of 2,533 shares of restricted common stock on March 7, 2026. The award was made under First Northwest Bancorp’s 2020 Equity Incentive Plan and is reflected as an acquisition of common stock rather than an open-market purchase.

How many First Northwest Bancorp (FNWB) shares did Lynn Terwoerds acquire and at what price?

Lynn Terwoerds acquired 2,533 shares of First Northwest Bancorp common stock at $9.18 per share. The transaction is categorized as a grant or award, not a market trade, and represents restricted stock issued under the company’s 2020 Equity Incentive Plan.

When do Lynn Terwoerds’ newly granted FNWB restricted shares vest?

The 2,533 restricted shares granted to Lynn Terwoerds will vest in full on March 7, 2027. Until that vesting date, they are considered unvested restricted stock awarded under First Northwest Bancorp’s 2020 Equity Incentive Plan with continued service requirements implied.

How many First Northwest Bancorp (FNWB) shares does Lynn Terwoerds hold after this award?

After the March 7, 2026 grant, Lynn Terwoerds directly holds 13,594 shares of First Northwest Bancorp common stock. This total includes the 2,533 unvested restricted shares that were just granted and are scheduled to vest on March 7, 2027 under the 2020 Equity Incentive Plan.

What plan governed Lynn Terwoerds’ restricted stock grant at First Northwest Bancorp (FNWB)?

The restricted stock grant to Lynn Terwoerds was made under First Northwest Bancorp’s 2020 Equity Incentive Plan. The filing notes that 2,533 unvested restricted shares granted under this plan will vest in full on March 7, 2027, subject to the plan’s standard terms.

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Accepted by SEC EDGAR 03/09/2026 - 03:58 PM EDT Learn about SEC filing dates

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^*

Terwoerds Lynn

(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	13,594(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 Lynn Terwoerds	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.