Finward Bancorp director buys 5 shares at $43.46

The reported position includes 2,326 directly held shares and 3,378 shares held indirectly as trustee.

Rhea-AI Filing Summary

Anthony Puntillo reported purchase transactions in this Form 4 filing. Finward Bancorp director Anthony Puntillo acquired 5 shares of common stock through the Dividend Reinvestment Plan on September 25, 2026, at $43.4600 per share. Afterward, his reported direct holding was 2,326 shares; a separate entry lists 3,378 shares held indirectly as trustee. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 5.3817 shares

Net Buy 2 txns

Insider Puntillo Anthony

Role Director

Bought 5.3817 shs ($233.89)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	5.3817	$43.46	$233.89
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 2,326.3989 shares (Direct); Common Stock — 3,378 shares (Indirect, Trustee)

Footnotes (1)

1. F1. Shares acquired from the Dividend Reinvestment Plan

Key Figures

Shares acquired: 5 shares Price per share: $43.4600 Direct shares held after transaction: 2,326 shares +1 more

4 metrics

Shares acquired 5 shares September 25, 2026, through the Dividend Reinvestment Plan

Price per share $43.4600 Acquisition on September 25, 2026

Direct shares held after transaction 2,326 shares Reported after the September 25, 2026 transaction

Indirect shares held as trustee 3,378 shares Reported in a separate holding entry

Key Terms

Dividend Reinvestment Plan, Rule 10b5-1, Trustee

3 terms

Dividend Reinvestment Plan financial

"acquired through the Dividend Reinvestment Plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Rule 10b5-1 regulatory

"no Rule 10b5-1 plan is reported"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

Trustee financial

"shares held indirectly as trustee"

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many FNWD shares did Anthony Puntillo acquire?

Anthony Puntillo acquired 5 shares of Finward Bancorp common stock on September 25, 2026, at $43.4600 per share through the Dividend Reinvestment Plan. The transaction left him with 2,326 directly held shares; a separate entry lists 3,378 shares held indirectly as trustee.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/28/2026 - 05:12 PM Accepted by SEC EDGAR 09/28/2026 - 05:12 PM Learn about SEC filing dates

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^*

Puntillo Anthony

(Last) (First) (Middle)

9204 COLUMBIA AVENUE

(Street)

MUNSTER INDIANA 46321

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Finward Bancorp [ FNWD ]

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)
09/25/2026

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	09/25/2026		P		5.3817(1)	A	$43.46	2,326.3989	D
Common Stock								3,378	I	Trustee

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. Shares acquired from the Dividend Reinvestment Plan

Remarks:

	/s/ Shannon W Pryor, POA	09/28/2026
	** 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)