Does the NRIM Form 3 indicate any recent share purchases or sales?

The Form 3 functions as an initial ownership report and shows holdings rather than specific buy or sell transactions. The transaction summary reflects holding entries with unknown transaction codes, indicating the filing focuses on existing positions, not new market trades.

Northrim EVP Mark Edwards discloses equity holdings

Northrim Bancorp executive Mark Douglas Edwards, EVP and Chief Credit Officer of Northrim Bank, filed an initial ownership report on Form 3.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Northrim Bancorp executive Mark Douglas Edwards, EVP and Chief Credit Officer of Northrim Bank, filed an initial ownership report on Form 3. The filing lists his current holdings in the company’s common stock, both directly and through a 401(k) plan, along with equity awards.

He reports 5,293 shares of Northrim common stock held indirectly through a 401(k) account and 22,033 shares held directly. In addition, he holds restricted stock units that are tied to 2,263, 3,020 and 3,052 underlying shares of common stock, which generally vest 100% three years from their respective grant dates. He also holds a non-qualified employee stock option for 1,220 underlying shares of common stock at an exercise price of $10.51 per share, vesting in thirds annually and expiring in 2031.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider EDWARDS MARK DOUGLAS

Role EVP, CCO of Northrim Bank

Type	Security	Shares	Price	Value
holding	Nso Employee Stock Option (Right to Buy)	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Nso Employee Stock Option (Right to Buy) — 1,220 contracts (Direct); Restricted Stock Units — 8,335 contracts (Direct); Common Stock — 22,033 shares (Direct); Common Stock — 5,293 shares (Indirect, By 401(k))

Footnotes (5)

F1. One-third of the total amount of such options granted shall vest (ie. become exercisable) each year beginning with this date.
F2. The restricted stock units vest 100% three years from the grant date of March 28, 2024.
F3. Each restricted stock unit represents a contingent right to receive one share of Northrim common stock.
F4. The restricted stock units vest 100% three years from the grant date of March 27, 2025.
F5. The restricted stock units vest 100% three years from the grant date of April 27, 2026.

Key Figures

Indirect common shares via 401(k): 5,293 shares Direct common shares: 22,033 shares RSUs underlying shares grant 1: 2,263 shares +5 more

8 metrics

Indirect common shares via 401(k) 5,293 shares Common Stock held indirectly by 401(k) as of Form 3

Direct common shares 22,033 shares Common Stock held directly as of Form 3

RSUs underlying shares grant 1 2,263 shares Restricted stock units, underlying common shares

RSUs underlying shares grant 2 3,020 shares Restricted stock units, underlying common shares

RSUs underlying shares grant 3 3,052 shares Restricted stock units, underlying common shares

Employee stock option underlying shares 1,220 shares Nso Employee Stock Option (Right to Buy), underlying common shares

Option exercise price $10.51 per share Non-qualified employee stock option exercise price

Option expiration December 1, 2031 Non-qualified employee stock option expiration date

Key Terms

Restricted Stock Units, Nso Employee Stock Option (Right to Buy), 401(k), Form 3, +1 more

5 terms

Restricted Stock Units financial

"The filing lists Restricted Stock Units tied to 2,263, 3,020 and 3,052 underlying common shares."

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.

Nso Employee Stock Option (Right to Buy) financial

"He also holds a Nso Employee Stock Option (Right to Buy) for 1,220 underlying shares at $10.51 per share."

401(k) financial

"He reports 5,293 Northrim common shares held indirectly through a 401(k) account."

A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.

Form 3 regulatory

"The Form 3 serves as an initial statement of beneficial ownership for insiders."

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

beneficial ownership financial

"The figures reflect his beneficial ownership positions in Northrim common stock."

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.

FAQ

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

What does the NRIM Form 3 filing by Mark Douglas Edwards show?

The Form 3 shows Mark Douglas Edwards’ existing ownership in Northrim Bancorp common stock and equity awards. It lists directly and indirectly held shares, restricted stock units tied to future share delivery, and a stock option grant with a stated exercise price and expiration date.

How many NRIM shares does Mark Douglas Edwards hold directly and via 401(k)?

He reports 22,033 Northrim Bancorp common shares held directly and 5,293 shares held indirectly through a 401(k) plan. These figures reflect his current beneficial ownership positions in common stock at the time of the Form 3 filing, excluding unexercised options and unvested units.

What restricted stock units are reported in the NRIM Form 3?

The Form 3 lists restricted stock units representing 2,263, 3,020 and 3,052 underlying Northrim common shares. Footnotes explain each unit represents a contingent right to one share and typically vests 100% three years from its specific grant date, assuming applicable conditions are met.

What stock option does Mark Douglas Edwards hold in Northrim Bancorp (NRIM)?

He holds a non-qualified employee stock option covering 1,220 underlying Northrim common shares at an exercise price of $10.51 per share. One-third of these options vest each year beginning on the stated vesting start date, and the option expires on December 1, 2031.

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

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Accepted by SEC EDGAR 06/01/2026 - 11:26 AM EDT

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

EDWARDS MARK DOUGLAS

(Last)

(First)

(Middle)

3111 C STREET

(Street)

ANCHORAGE

ALASKA

99503

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/28/2026

3. Issuer Name and Ticker or Trading Symbol
NORTHRIM BANCORP INC [ NRIM ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, CCO of Northrim Bank

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	22,033	D
Common Stock	5,293	I	By 401(k)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Nso Employee Stock Option (Right to Buy)	12/01/2022⁽¹⁾	12/01/2031	Common Stock	1,220	$10.51	D
Restricted Stock Units	⁽²⁾	⁽²⁾	Common Stock	3,052	$0⁽³⁾	D
Restricted Stock Units	⁽⁴⁾	⁽⁴⁾	Common Stock	3,020	$0⁽³⁾	D
Restricted Stock Units	⁽⁵⁾	⁽⁵⁾	Common Stock	2,263	$0⁽³⁾	D

Explanation of Responses:

1. One-third of the total amount of such options granted shall vest (ie. become exercisable) each year beginning with this date.

2. The restricted stock units vest 100% three years from the grant date of March 28, 2024.

3. Each restricted stock unit represents a contingent right to receive one share of Northrim common stock.

4. The restricted stock units vest 100% three years from the grant date of March 27, 2025.

5. The restricted stock units vest 100% three years from the grant date of April 27, 2026.

Remarks:

	/s/ Mark Douglas Edwards	05/28/2026
	** 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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR