First Western CEO sells 10,000 shares at $30.55
First Western Financial’s chairman and CEO reported selling 10,000 MYFW shares on August 31, 2026, outside of any Rule 10b5-1 plan, and continues to hold a large direct position.
Rhea-AI Filing Summary
First Western Financial Inc (MYFW) reports that Chairman, CEO and President Scott C. Wylie sold 10,000 shares of common stock on August 31, 2026 at $30.55 per share in an open-market or private transaction, leaving 740,312 shares held directly.
He is also reported as having 2,000 shares held indirectly through the Wylie Family Foundation, for which he serves as President and Trustee and disclaims beneficial ownership except to the extent of his pecuniary interest. No Rule 10b5-1 trading plan is reported.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 10,000 shares
Net Sell
2 txns
Insider
Wylie Scott C
Role
CHAIRMAN, CEO AND PRESIDENT
Sold
10,000 shs ($306K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $30.55 | $306K |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 740,312 shares (Direct);
Common Stock — 2,000 shares (Indirect, By Wylie Family Foundation)
Footnotes (1)
- F1. The reporting person serves as President and Trustee of the Wylie Family Foundation. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
Shares sold: 10,000 shares
Sale price per share: $30.55 per share
Direct holdings after transaction: 740,312 shares
+1 more
4 metrics
Shares sold
10,000 shares
Sale of common stock reported for August 31, 2026
Sale price per share
$30.55 per share
Price for 10,000-share sale on August 31, 2026
Direct holdings after transaction
740,312 shares
Common stock held directly by Scott C. Wylie after the sale
Indirect holdings via Wylie Family Foundation
2,000 shares
Shares held indirectly, with beneficial ownership disclaimed except for pecuniary interest
Key Terms
beneficial ownership, pecuniary interest, Section 16 of the Securities Exchange Act of 1934
3 terms
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
"except to the extent of his pecuniary interest therein"
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What did MYFW’s CEO Scott C. Wylie report in this Form 4 transaction?
Scott C. Wylie reported selling 10,000 shares of First Western Financial common stock on August 31, 2026, at $30.55 per share. After this sale, he continued to hold 740,312 shares directly, plus an additional indirect position reported through the Wylie Family Foundation.
What is the nature of Scott C. Wylie’s indirect MYFW holdings via the Wylie Family Foundation?
The Form 4 shows 2,000 MYFW shares held indirectly "By Wylie Family Foundation." Wylie serves as President and Trustee and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, consistent with Section 16 reporting conventions.
Was the August 31, 2026 MYFW stock sale made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and there is no footnote indicating that the August 31, 2026 sale was made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
What role does Scott C. Wylie hold at First Western Financial Inc (MYFW)?
Scott C. Wylie is reported as Chairman, CEO and President of First Western Financial Inc. This Form 4 reflects his personal and foundation-related holdings and a reported sale of 10,000 shares of the company’s common stock on August 31, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
