First Western (MYFW) CEO Wylie sells 6,417 shares, retains 750,312
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Western Financial Inc. Chairman, CEO and President Scott C. Wylie reported an open-market sale of 6,417 shares of common stock at $28.31 per share. After this sale, he directly holds 750,312 common shares. The filing also notes 2,000 shares held indirectly by the Wylie Family Foundation, where he serves as President and Trustee and disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,417 shares ($181,665)
Net Sell
2 txns
Insider
Wylie Scott C
Role
CHAIRMAN, CEO AND PRESIDENT
Sold
6,417 shs ($182K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,417 | $28.31 | $182K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 750,312 shares (Direct, null);
Common Stock — 2,000 shares (Indirect, By Wylie Family Foundation)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 6,417 shares
Sale price: $28.31 per share
Direct holdings after sale: 750,312 shares
+1 more
4 metrics
Shares sold
6,417 shares
Open-market sale of common stock
Sale price
$28.31 per share
Price for 6,417-share sale
Direct holdings after sale
750,312 shares
Common stock directly owned post-transaction
Indirect foundation holdings
2,000 shares
Held by Wylie Family Foundation
Key Terms
open-market sale, beneficial ownership, pecuniary interest, Section 16
4 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
beneficial ownership regulatory
"disclaims beneficial ownership of these securities except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did MYFW CEO Scott Wylie report on this Form 4?
Scott Wylie reported an open-market sale of First Western Financial common stock. He sold 6,417 shares at $28.31 per share, according to the Form 4, classifying the transaction as a non-derivative open-market sale of common stock.
What indirect MYFW holdings are reported for Scott Wylie via the Wylie Family Foundation?
The filing reports 2,000 MYFW shares held indirectly through the Wylie Family Foundation. Wylie serves as President and Trustee and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, according to the Form 4 footnote.