First Northwest Bancorp (FNWB) CFO receives 3,115-share restricted stock grant

Rhea-AI Filing Summary

Nomura Phyllis Rose reported acquisition or exercise transactions in this Form 4 filing.

First Northwest Bancorp EVP and Chief Financial Officer Phyllis Rose Nomura received a grant of 3,115 shares of common stock at $9.18 per share as a restricted stock award under the company’s 2020 Equity Incentive Plan.

One-third of this award will vest annually beginning on March 7, 2027. After the grant, she holds 12,607 shares of common stock directly, including 3,333 unvested shares vesting in part on January 7, 2027; 5,000 unvested shares vesting annually beginning May 7, 2026; and this new 3,115-share award vesting annually beginning 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^*

Nomura Phyllis Rose

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Financial Officer

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		3,115(1)	A	$9.18	12,607(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 restricted stock under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), one-third of which will vest annually beginning on March 7, 2027.

2. Includes 3,333 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-half of which will vest on January 7, 2027; 5,000 unvested shares of restricted stock granted under Issuer's 2020 Plan, one-third of which will vest annually beginning on May 7, 2026; and 3,115 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one third of which will vest annually beginning on March 7, 2027.

	/s/ Allison R. Mahaney, Attorney-in-fact for Phyllis R. Nomura	03/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did FNWB’s CFO report on this Form 4?

FNWB’s EVP and Chief Financial Officer Phyllis Rose Nomura reported receiving a grant of 3,115 shares of common stock. The shares were awarded as restricted stock under First Northwest Bancorp’s 2020 Equity Incentive Plan at a reference price of $9.18 per share.

How many FNWB shares were granted to the CFO and at what price?

The CFO was granted 3,115 shares of First Northwest Bancorp common stock at $9.18 per share. This reflects a restricted stock award rather than an open-market purchase, with vesting conditions tied to future service under the 2020 Equity Incentive Plan.

What is the vesting schedule for the new FNWB restricted stock award?

The 3,115-share restricted stock award will vest in three equal installments. One-third of the shares will vest annually beginning on March 7, 2027, aligning the CFO’s compensation with longer-term company performance and continued employment over several years.

How many FNWB shares does the CFO hold after this restricted stock grant?

After the grant, the CFO holds 12,607 shares of First Northwest Bancorp common stock directly. This total includes previously granted unvested restricted shares and the new 3,115-share award, all subject to specific vesting schedules extending into 2026 and 2027.

What other unvested restricted FNWB shares does the CFO have and when do they vest?

The CFO holds 3,333 unvested restricted shares, half vesting January 7, 2027, and 5,000 unvested restricted shares vesting in thirds annually starting May 7, 2026. The new 3,115-share grant vests in thirds annually beginning March 7, 2027, under the 2020 Plan.

Is this FNWB insider transaction a market buy or a compensation award?

This transaction is a compensation-related award, not a market purchase. The Form 4 describes it as a grant or award acquisition of restricted stock under First Northwest Bancorp’s 2020 Equity Incentive Plan, with vesting over time rather than an immediate open-market trade.