Director at First Northwest Bancorp (NASDAQ: FNWB) receives 650-share stock award

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 650 shares of common stock, valued at $9.243 per share. This grant increased his directly held stake to 15,756 shares. The filing describes the transaction as a grant or award, not an open-market purchase.

His reported holdings include 1,500 unvested restricted shares scheduled to vest on May 7, 2027, and 2,533 unvested restricted shares scheduled to vest on March 7, 2027 under the company’s 2020 equity incentive plan. This reflects routine, compensation-related share awards rather than discretionary trading activity.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Brennan Sean Patrick

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	650	$9.243	$6K

Holdings After Transaction: Common Stock — 15,756 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Equity grant size: 650 shares Grant reference price: $9.243 per share Post-transaction holdings: 15,756 shares +2 more

5 metrics

Equity grant size 650 shares Common stock grant to director on 2026-05-13

Grant reference price $9.243 per share Value used for the 650-share award

Post-transaction holdings 15,756 shares Director’s direct common stock holdings after grant

Unvested restricted shares (2027-05-07) 1,500 shares Restricted stock scheduled to vest on May 7, 2027

Unvested restricted shares (2027-03-07) 2,533 shares Restricted stock scheduled to vest on March 7, 2027

Key Terms

restricted stock, 2020 Equity Incentive Plan, unvested shares, Grant, award, or other acquisition

4 terms

restricted stock financial

"Includes 1,500 unvested shares of restricted stock granted 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

"granted under the Issuer's 2020 Equity Incentive Plan, which will vest in full on May 7, 2027"

unvested shares financial

"Includes 1,500 unvested shares of restricted stock granted under the Issuer's 2020 Equity Incentive Plan"

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

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^*

Brennan Sean Patrick

(Last) (First) (Middle)

105 W 8TH ST

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

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	05/13/2026		A		650	A	$9.243	15,756(1)	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. Includes 1,500 unvested shares of restricted stock granted under the Issuer's 2020 Equity Incentive Plan, which will vest in full on May 7, 2027; 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 Patrick Brennan	05/14/2026
	** 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)

FAQ

What insider transaction did FNWB director Sean Patrick Brennan report?

Director Sean Patrick Brennan reported receiving 650 shares of First Northwest Bancorp common stock as an equity grant. The transaction is coded as a grant or award, indicating compensation rather than an open-market purchase, and is part of his overall director share holdings.

At what price were Sean Patrick Brennan’s FNWB shares granted?

The 650 shares granted to Sean Patrick Brennan were valued at $9.243 per share. This price reflects the grant’s reference value for reporting purposes, not an open-market trade, and helps investors gauge the size of the award relative to First Northwest Bancorp’s share price.

How many FNWB shares does Sean Patrick Brennan hold after this Form 4 transaction?

After the reported grant, Sean Patrick Brennan directly holds 15,756 shares of First Northwest Bancorp common stock. This total includes his existing stake plus the new 650-share award, and provides context for the overall scale of his ownership position as a director.

Does Sean Patrick Brennan have unvested restricted FNWB stock outstanding?

Yes. His holdings include 1,500 unvested restricted shares scheduled to vest on May 7, 2027 and 2,533 unvested restricted shares scheduled to vest on March 7, 2027. Both grants were issued under First Northwest Bancorp’s 2020 Equity Incentive Plan.

Is the FNWB Form 4 filing a sign of open-market insider buying or selling?

The Form 4 reflects a grant or award of 650 shares to Sean Patrick Brennan, not an open-market trade. The transaction code “A” and description confirm it is compensation-related, so it mainly shows ongoing equity-based pay rather than active buying or selling decisions.