First Western director awarded 974 stock units

Smith Mark L reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Smith Mark L reported acquisition or exercise transactions in this Form 4 filing.

First Western Financial Inc director Mark L. Smith received an equity award of 974 restricted stock units representing common stock. The units were granted at no cash cost as compensation rather than an open-market purchase.

The award vests in five substantially equal annual installments beginning on June 3, 2027, subject to his continued service. After this grant, Smith’s reported direct holdings total 53,626 shares of common stock, showing this grant is a small addition to an existing position.

Insider Trade Summary

Grant/Award: 974 shares

Grant/Award 1 txn

Insider Smith Mark L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	974	$0.00	$0.00

Holdings After Transaction: Common Stock — 53,626 shares (Direct)

Footnotes (1)

1. F1. Represents restricted stock units that vest in five substantially equal annual installments beginning on June 3, 2027, subject to the continued service of the reporting person.

Key Figures

Restricted stock units granted: 974 units Grant price per unit: $0.00 Total holdings after grant: 53,626 shares +2 more

5 metrics

Restricted stock units granted 974 units Equity award to director Mark L. Smith

Grant price per unit $0.00 Compensation grant, not open-market purchase

Total holdings after grant 53,626 shares Director’s direct holdings following transaction

Vesting start date June 3, 2027 First of five annual vesting installments

Vesting schedule 5 annual installments Substantially equal installments, service-based vesting

Key Terms

restricted stock units, vest, Grant, award, or other acquisition

3 terms

restricted stock units financial

"Represents restricted stock units that vest in five substantially equal annual installments"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest financial

"units that vest in five substantially equal annual installments beginning on June 3, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

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

What did First Western Financial (MYFW) director Mark L. Smith receive in this Form 4 filing?

Mark L. Smith received an award of 974 restricted stock units as compensation. These units represent shares of First Western Financial common stock and were granted at no cash cost, increasing his direct reported holdings to 53,626 shares after the transaction.

How do the 974 restricted stock units for MYFW’s director vest over time?

The 974 restricted stock units vest in five substantially equal annual installments. Vesting begins on June 3, 2027, and each installment requires the director’s continued service with First Western Financial, spreading the benefit of the award over multiple years.

Was the MYFW director’s Form 4 transaction an open-market stock purchase or sale?

The transaction reported was not an open-market trade. It was a grant of 974 restricted stock units at a price of $0.00 per unit, classified as a compensation-related award rather than a voluntary market purchase or sale of First Western Financial shares.

What are Mark L. Smith’s total reported MYFW holdings after this restricted stock grant?

After receiving the 974 restricted stock units, Mark L. Smith’s total reported direct holdings are 53,626 shares of First Western Financial common stock. This figure reflects his position following the award recorded in the Form 4 filing.

What conditions apply to the vesting of the MYFW director’s 974 restricted stock units?

The restricted stock units vest only if the director continues serving the company. They vest in five substantially equal annual installments starting June 3, 2027, so ongoing service with First Western Financial is required for him to receive each portion.

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

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Accepted by SEC EDGAR 06/05/2026 - 04:17 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^*

Smith Mark L

(Last) (First) (Middle)

1900 16TH STREET, SUITE 1200

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

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	06/03/2026		A		974(1)	A	$0	53,626	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:

1. Represents restricted stock units that vest in five substantially equal annual installments beginning on June 3, 2027, subject to the continued service of the reporting person.

Remarks:

	/s/ Julie A. Courkamp, Attorney-in-Fact	06/05/2026
	** 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)