Trust tied to First Western (NASDAQ: MYFW) sells 8,626 shares

Rhea-AI Filing Summary

First Western Financial director-related trust reports stock sales. A revocable trust associated with director David R. Duncan sold a total of 8,626 shares of First Western Financial common stock on February 3, 2026 in three open market transactions at prices between $25.50 and $25.61 per share.

After these sales, the trust reported holding zero shares, while Duncan separately reported 43,678 shares held directly. The filing notes Duncan is trustee of the trust and disclaims beneficial ownership of the trust’s shares except to the extent of his pecuniary interest.

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^*

Duncan David R

(Last) (First) (Middle)

1900 16TH STREET, SUITE 1200

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
First Western Financial Inc [ MYFW ]

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)
02/03/2026

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								43,678	D
Common Stock	02/03/2026		S		2,000	D	$25.5	6,626	I	Sara C. Duncan Revocable Trust(1)
Common Stock	02/03/2026		S		3,000	D	$25.55	3,626	I	Sara C. Duncan Revocable Trust(1)
Common Stock	02/03/2026		S		3,626	D	$25.61	0	I	Sara C. Duncan Revocable Trust(1)

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. The reporting person is the trustee of this trust. 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 securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.

Remarks:

	/s/ Julie A. Courkamp, Attorney-in-Fact	02/04/2026
	** 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 insider transaction did First Western Financial (MYFW) disclose?

First Western Financial reported sales of 8,626 common shares by a revocable trust associated with director David R. Duncan. The shares were sold in three open market transactions on February 3, 2026, at prices slightly above $25 per share, and the trust reported no remaining shares afterward.

Who carried out the MYFW share sales reported in this Form 4?

The sales were made by the Sara C. Duncan Revocable Trust, an entity associated with director David R. Duncan. Duncan is trustee of the trust and disclaims beneficial ownership of its securities except for his pecuniary interest, according to the filing’s explanatory footnote.

How many MYFW shares were sold and at what prices?

The revocable trust sold 8,626 MYFW common shares in three trades: 2,000 shares at $25.50, 3,000 shares at $25.55, and 3,626 shares at $25.61. These open market sales all occurred on February 3, 2026, according to the Form 4 report.

How many First Western Financial (MYFW) shares does the trust hold after these sales?

After the reported transactions, the Sara C. Duncan Revocable Trust held zero MYFW shares. Each of the three Form 4 line items for the trust shows the amount of securities beneficially owned following the transaction, with the final entry reporting a balance of 0 shares.

How many MYFW shares does director David R. Duncan still own directly?

The Form 4 shows that David R. Duncan beneficially owns 43,678 MYFW common shares directly. This direct holding is reported separately from the trust transactions, which were indirect holdings. The trust holdings were fully sold, while this direct position remained unchanged in the filing.

What does the Form 4 say about David R. Duncan’s beneficial ownership of the trust shares?

The filing states that Duncan is trustee of the revocable trust and disclaims beneficial ownership of its securities, except to the extent of his pecuniary interest. It clarifies that including the trust shares in the report is not an admission of full beneficial ownership under Section 16 of the Exchange Act.