First Northwest Bancorp (FNWB) director awarded 2,533 restricted shares

Rhea-AI Filing Summary

Brennan Sean Patrick reported acquisition or exercise transactions in this Form 4 filing.

First Northwest Bancorp director Sean Patrick Brennan received an equity award of 2,533 shares of common stock as a grant under the company’s 2020 Equity Incentive Plan. The restricted stock will vest in full on March 7, 2027, aligning his compensation with long-term shareholder interests.

After this award, Brennan directly owns 15,106 shares of First Northwest Bancorp common stock, including 3,100 unvested restricted shares that vest in two annual installments beginning on May 7, 2026, and 2,533 additional unvested restricted shares that will vest in full 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

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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^*

Brennan Sean Patrick

(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	15,106(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 3,100 unvested shares of restricted stock granted under the Issuer's 2020 Plan, half of which will vest annually beginning on May 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 Sean P. Brennan	03/10/2026
	** 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 did Sean Patrick Brennan report in his Form 4 for FNWB?

Sean Patrick Brennan reported acquiring 2,533 shares of First Northwest Bancorp common stock as a restricted stock award. The grant was issued under the 2020 Equity Incentive Plan and represents equity-based compensation rather than an open-market stock purchase.

How many FNWB shares does Sean Patrick Brennan hold after this transaction?

After this award, Sean Patrick Brennan directly owns 15,106 shares of First Northwest Bancorp common stock. This total includes both vested and unvested restricted stock granted under the company’s 2020 Equity Incentive Plan, subject to the stated vesting schedules.

When do the newly granted 2,533 FNWB restricted shares vest?

The 2,533 newly granted shares of First Northwest Bancorp restricted stock will vest in full on March 7, 2027. Until that vesting date, the shares remain unvested equity compensation tied to Brennan’s continued service and the plan’s terms.

What other unvested restricted stock awards does Brennan have in FNWB?

Brennan’s holdings include 3,100 unvested restricted shares granted under the 2020 Plan, with half vesting annually starting May 7, 2026. He also holds 2,533 unvested restricted shares from the new award, which vest in full on March 7, 2027.

Was the FNWB Form 4 transaction a market purchase or sale?

The Form 4 transaction was not a market purchase or sale. It reflects a grant or award acquisition of 2,533 restricted shares under First Northwest Bancorp’s 2020 Equity Incentive Plan, rather than an open-market trade at the reported price per share.