FNWB exec granted 10,000 restricted shares

WALSH JOHN CHRISTOPHER reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

WALSH JOHN CHRISTOPHER reported acquisition or exercise transactions in this Form 4 filing.

First Northwest Bancorp executive John Christopher Walsh received a grant of company stock as compensation. On July 7, he was awarded 10,000 shares of common stock at $11.17 per share under the 2020 Equity Incentive Plan. All 10,000 shares are unvested and will vest in three equal annual installments beginning on July 7, 2027, aligning his compensation with future company performance.

Insider Trade Summary

Grant/Award: 10,000 shares

Grant/Award 1 txn

Insider WALSH JOHN CHRISTOPHER

Role EVP, Chief Banking Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10,000	$11.17	$112K

Holdings After Transaction: Common Stock — 10,000 shares (Direct)

Footnotes (2)

1. F1. Represents an award of shares of restricted stock under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), one-third of which will vest annually beginning on July 7, 2027.
2. F2. Includes 10,000 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-third of which will vest annually beginning on July 7, 2027.

Key Figures

Restricted stock grant: 10,000 shares Grant price per share: $11.17 per share Shares held after transaction: 10,000 shares +1 more

4 metrics

Restricted stock grant 10,000 shares Award of common stock on July 7, 2026

Grant price per share $11.17 per share Recorded value for restricted stock award

Shares held after transaction 10,000 shares Direct holdings following the grant

Vesting start date July 7, 2027 One-third of restricted shares vest annually from this date

Key Terms

restricted stock, 2020 Equity Incentive Plan, vest, grant, award, or other acquisition

4 terms

restricted stock financial

"Represents an award of shares of restricted stock under the Issuer's 2020 Equity Incentive 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.

2020 Equity Incentive Plan financial

"Represents an award of shares of restricted stock under the Issuer's 2020 Equity Incentive Plan"

vest financial

"one-third of which will vest annually beginning on July 7, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

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

What did First Northwest Bancorp (FNWB) insider John Christopher Walsh report on this Form 4?

John Christopher Walsh reported receiving 10,000 shares of First Northwest Bancorp common stock as a restricted stock award. The grant was made under the company’s 2020 Equity Incentive Plan as part of his executive compensation package.

How many FNWB shares did John Christopher Walsh acquire in this transaction?

He acquired 10,000 shares of First Northwest Bancorp common stock. These shares were granted as restricted stock rather than purchased on the open market, reflecting an equity-based compensation award tied to future vesting conditions.

What is the vesting schedule for John Christopher Walsh’s 10,000 restricted FNWB shares?

The 10,000 restricted shares vest in three equal annual installments. One-third of the award will vest each year beginning on July 7, 2027, meaning the full grant becomes vested over a three-year period if service conditions are met.

At what price per share was the FNWB restricted stock award recorded for John Christopher Walsh?

The restricted stock award was recorded at $11.17 per share. This value reflects the grant-date price used for the 10,000-share award and does not represent an open-market purchase by the executive.

How many FNWB shares does John Christopher Walsh hold after this restricted stock grant?

Following the transaction, he holds 10,000 shares of First Northwest Bancorp common stock directly. All of these shares are unvested restricted shares under the 2020 Equity Incentive Plan, subject to the disclosed future vesting schedule.

Was John Christopher Walsh’s FNWB transaction a market buy or a compensation grant?

The transaction was a compensation grant, not a market purchase. It is classified as a grant or award acquisition of 10,000 restricted shares under the 2020 Equity Incentive Plan, rather than an open-market buy or sell trade.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/09/2026 - 02:12 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^*

WALSH JOHN CHRISTOPHER

(Last) (First) (Middle)

105 WEST 8TH STREET

(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 Banking Officer

2a. Foreign Trading Symbol

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

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	07/07/2026		A		10,000(1)	A	$11.17	10,000(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"), one-third of which will vest annually beginning on July 7, 2027.

2. Includes 10,000 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-third of which will vest annually beginning on July 7, 2027.

	/s/ Allison R. Mahaney, Attorney-in-Fact for John Christopher Walsh	07/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)