Northrim Bancorp (NASDAQ: NRIM) exec plans 3,492-share sale

Rhea-AI Filing Summary

NORTHRIM BANCORP INC (NRIM) received a Rule 144 notice from officer Jed W. Ballard for a proposed sale of common stock. Ballard plans to sell up to 3,492 shares of Northrim Bancorp common stock through Charles Schwab, with an indicated aggregate market value of $89,500 and 22,244,766 shares of common stock stated as outstanding. The shares to be sold were acquired via equity compensation as restricted stock units that vested on December 2, 2024, and the approximate date of sale is listed as August 27, 2026. This notice is a regulatory disclosure of a potential insider sale rather than a completed transaction.

Key Figures

Shares to be sold: 3,492 shares of common stock Aggregate market value: $89,500 Shares outstanding: 22,244,766 shares of common stock +2 more

5 metrics

Shares to be sold 3,492 shares of common stock Maximum number of NORTHRIM BANCORP INC shares listed in the Form 144

Aggregate market value $89,500 Aggregate market value of the 3,492 shares proposed for sale

Shares outstanding 22,244,766 shares of common stock Shares of NORTHRIM BANCORP INC common stock stated as outstanding

Acquisition date of shares December 2, 2024 Date the 3,492 shares were acquired via equity compensation (RSUs vested)

Approximate date of sale August 27, 2026 Approximate date listed for the proposed Rule 144 sale

Key Terms

Rule 144, Equity Compensation, RSUs Vested, aggregate market value

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Equity Compensation financial

"COMMON STOCK | 12/02/2024 | Equity Compensation | BANCORP INC"

Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

RSUs Vested financial

"3492 | 12/02/2024 | RSUs Vested"

aggregate market value financial

"| 3492 | 89500 | 22244766 | 08/27/2026 |"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

What insider transaction is disclosed for NRIM in this Form 144?

Officer Jed W. Ballard filed a Rule 144 notice to potentially sell 3,492 shares of NORTHRIM BANCORP INC common stock. The proposed sale would be executed through Charles Schwab and reflects a planned, not yet completed, disposition of shares.

How many NRIM shares does Jed Ballard propose to sell and what is their value?

Jed W. Ballard proposes to sell up to 3,492 shares of NORTHRIM BANCORP INC common stock, with an indicated aggregate market value of $89,500 as shown in the Form 144 securities information section.

When were the NRIM shares to be sold by Jed Ballard acquired?

The 3,492 shares of NORTHRIM BANCORP INC common stock were acquired on December 2, 2024 through equity compensation, specifically as restricted stock units (RSUs) that vested on that date.

What is the approximate date of sale for the NRIM shares in this Form 144?

The Form 144 lists an approximate sale date of August 27, 2026 for the proposed sale of 3,492 shares of NORTHRIM BANCORP INC common stock by Jed W. Ballard.

How many NRIM common shares are stated as outstanding in this Form 144?

The Form 144 states that 22,244,766 shares of NORTHRIM BANCORP INC common stock are outstanding, providing context for the relative size of the proposed 3,492-share sale.

On which market would the proposed NRIM share sale occur?

The Form 144 identifies NASDAQ as the securities exchange for the proposed sale of NORTHRIM BANCORP INC common stock by Jed W. Ballard, with Charles Schwab listed as the broker.

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Available on EDGAR 08/27/2026 - 03:19 PM Accepted by SEC EDGAR 08/27/2026 - 03:18 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001727085
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NORTHRIM BANCORP INC
SEC File Number	000-33501
Address of Issuer	3111 C STREET ANCHORAGE ALASKA 99503
Phone	907-261-8743
Name of Person for Whose Account the Securities are To Be Sold	Jed Ballard
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON STOCK	CHARLES SCHWAB 3000 Schwab Way Westlake TX 76262	3492	89500	22244766	08/27/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON STOCK	12/02/2024	Equity Compensation	NORTHRIM BANCORP INC			3492	12/02/2024	RSUs Vested

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	08/27/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Jed W. Ballard
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)