FNWD Form 4: Director increases stake to 8,178 shares

Rhea-AI Filing Summary

Finward Bancorp (FNWD) – Form 4 insider transaction

Director Amy Wong Han bought 434 shares of common stock on 07/11/2025 at $27.63, an outlay of roughly $12,000. Her direct ownership rises to 8,177.9551 shares. No derivative securities were reported in Table II.

Such director-level buying is generally viewed as a modestly positive governance signal, indicating personal confidence in the bank’s prospects; however, the purchase is immaterial relative to Finward’s share count and market capitalization, so immediate market impact is expected to be limited.

Positive

• Director insider purchase signals personal confidence, adding 434 shares at $27.63.

Negative

• Transaction value (~$12k) is immaterial versus FNWD’s market cap, limiting signaling strength.

Insights

Securities Analyst

TL;DR: Small director buy (~$12k) mildly bullish but not market-moving.

The Form 4 shows Amy Wong Han adding 434 FNWD shares at $27.63. Insider purchases, especially by directors, often precede favorable performance, yet this trade increases her stake by less than 1% and represents only a fraction of daily volume. With no accompanying strategic news or larger insider cluster buying, the filing is informational rather than fundamentally catalytic. I rate the impact as neutral: a slight positive sentiment cue, but insufficient in size to influence valuation or liquidity.

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).

1. Name and Address of Reporting Person^*

Han Amy Wong

(Last) (First) (Middle)

9204 COLUMBIA AVENUE

(Street)

MUNSTER IN 46321

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025

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	07/11/2025		A		434	A	$27.63	8,177.9551	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:

	/s/ Timothy Artus	07/24/2025
	** 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

When did the FNWD insider transaction occur?

Director Amy Wong Han bought shares on 07/11/2025.

How many Finward Bancorp shares were purchased and at what price?

She acquired 434 shares at $27.63 per share.

What is the director’s total FNWD ownership after the purchase?

Her direct holdings increased to 8,177.9551 shares.

Were any derivative securities reported in this Form 4?

No. Table II lists no derivative transactions.

Is the purchase considered significant for Finward Bancorp?

Given its ~$12k value, the buy is not material to overall insider ownership or market cap.