First Northwest Bancorp (FNWB) director receives new restricted stock grant

Rhea-AI Filing Summary

Davis Diane C. reported acquisition or exercise transactions in this Form 4 filing.

First Northwest Bancorp director Diane C. Davis received an equity award of company stock. She was granted 2,533 shares of common stock as a restricted stock award valued at $9.18 per share under the 2020 Equity Incentive Plan. This new grant will vest in full on March 7, 2027.

After this award, she holds 9,575 shares of common stock directly. This total includes 7,042 unvested restricted shares, one-third of which will vest annually beginning on September 7, 2026, and the 2,533 unvested restricted shares that vest on March 7, 2027.

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

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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^*

Davis Diane C.

(Last) (First) (Middle)

105 WEST 8TH STREET

(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	9,575(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 7,042 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-third of which will vest annually beginning on September 7, 2026; and 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 Diane C. Davis	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 First Northwest Bancorp (FNWB) report for Diane C. Davis?

First Northwest Bancorp director Diane C. Davis received an award of 2,533 shares of restricted common stock. The shares were granted at $9.18 per share under the company’s 2020 Equity Incentive Plan and represent a non-cash equity compensation grant rather than an open-market purchase.

How many First Northwest Bancorp (FNWB) shares does Diane C. Davis hold after the latest award?

After the award, Diane C. Davis directly holds 9,575 shares of First Northwest Bancorp common stock. This figure includes both vested and unvested restricted shares granted under the 2020 Equity Incentive Plan, reflecting her updated equity stake as a company director.

When do Diane C. Davis’s new restricted First Northwest Bancorp (FNWB) shares vest?

The new 2,533 restricted shares granted to Diane C. Davis will vest in full on March 7, 2027. Until vesting, they remain unvested restricted stock under the 2020 Equity Incentive Plan, subject to the plan’s standard terms and any applicable service conditions.

What other unvested restricted stock does Diane C. Davis have at First Northwest Bancorp (FNWB)?

Diane C. Davis has 7,042 unvested restricted shares granted under the 2020 Equity Incentive Plan. One-third of these 7,042 shares will vest annually starting on September 7, 2026, providing a staggered vesting schedule alongside the separate 2,533-share grant.

Is the Diane C. Davis FNWB transaction a stock purchase or an equity award?

The transaction is an equity award, not an open-market stock purchase. It is classified as a grant or award acquisition of 2,533 restricted shares under the 2020 Equity Incentive Plan, rather than a buy transaction executed at market through a brokerage account.

Under which plan were Diane C. Davis’s FNWB restricted shares granted and how are they structured?

Her restricted shares were granted under First Northwest Bancorp’s 2020 Equity Incentive Plan. The structure includes 7,042 unvested shares vesting in three annual installments from September 7, 2026, plus 2,533 additional unvested shares vesting entirely on March 7, 2027.