First Northwest Bancorp (FNWB) director gets 2,533-share stock award

Rhea-AI Filing Summary

Behar Dana D. reported acquisition or exercise transactions in this Form 4 filing.

First Northwest Bancorp director receives stock award. Director Dana D. Behar was granted 2,533 shares of First Northwest Bancorp common stock as a restricted stock award under the company’s 2020 Equity Incentive Plan at a reference price of $9.18 per share.

The restricted shares will vest in full on March 7, 2027. After this award, Behar directly owns 140,219 shares in total, including 19,852 shares owned jointly with a spouse, 20,000 shares held in an IRA account, and 2,533 unvested restricted shares scheduled to 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

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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^*

Behar Dana D.

(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	140,219(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 19,852 shares owned jointly with spouse; 20,000 shares held in an IRA account; 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 Dana D. Behar	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 did FNWB director Dana D. Behar report in this Form 4 filing?

Dana D. Behar reported receiving 2,533 shares of restricted common stock of First Northwest Bancorp. The award was made under the company’s 2020 Equity Incentive Plan and increases Behar’s total direct holdings to 140,219 shares of FNWB common stock.

What type of transaction did Dana D. Behar report for FNWB?

The filing reports an acquisition of shares through a grant or award, not an open-market purchase. Behar received 2,533 restricted shares coded as a grant under transaction code A, reflecting equity-based compensation rather than a traditional buy or sell transaction.

At what price was the FNWB restricted stock award to Dana D. Behar valued?

The 2,533 restricted shares were valued at $9.18 per share for reporting purposes. This price provides a reference value for the equity award but does not necessarily represent a market trade, since the shares were granted as compensation, not bought on the open market.

When will Dana D. Behar’s FNWB restricted stock award vest?

The 2,533 restricted shares awarded to Dana D. Behar will vest in full on March 7, 2027. Until vesting, they remain unvested restricted stock under the 2020 Equity Incentive Plan, becoming fully owned and unrestricted once the vesting date is reached.

How many FNWB shares does Dana D. Behar own after this stock award?

After the award, Dana D. Behar directly owns 140,219 FNWB shares. This total includes 19,852 shares owned jointly with a spouse, 20,000 shares in an IRA account, and 2,533 unvested restricted shares scheduled to vest on March 7, 2027.

What portion of Dana D. Behar’s FNWB holdings are restricted stock?

Behar holds 2,533 unvested restricted FNWB shares from the March 7, 2026 award. These restricted shares are part of total direct ownership of 140,219 shares and are scheduled to vest in full on March 7, 2027 under the company’s 2020 Equity Incentive Plan.