Northrim director granted 1,456 RSUs

Nelson Krystal Murphy reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Nelson Krystal Murphy reported acquisition or exercise transactions in this Form 4 filing.

Northrim Bancorp Inc. director Krystal Murphy reported receiving a grant of 1,456 restricted stock units (RSUs), each representing a contingent right to receive one share of Northrim common stock. The RSUs were awarded for no cash consideration and will vest 100% one year from the grant date of June 1, 2026. Following this award, Murphy holds 1,456 RSUs directly, reflecting a routine, compensation-related equity grant rather than an open-market share purchase or sale.

Insider Trade Summary

Grant/Award: 1,456 shares

Grant/Award 1 txn

Insider Nelson Krystal Murphy

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,456	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 1,456 contracts (Direct)

Footnotes (3)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Northrim common stock.
2. F2. The restricted stock units vest 100% one year from the grant date of June 1, 2026.
3. F3. The grant of restricted stock units were awarded for no consideration.

Key Figures

RSUs granted: 1,456 units Vesting schedule: 100% after one year Post-grant RSU holdings: 1,456 units +1 more

4 metrics

RSUs granted 1,456 units Restricted stock unit award to director Krystal Murphy

Vesting schedule 100% after one year RSUs vest 100% one year from grant date of June 1, 2026

Post-grant RSU holdings 1,456 units Total restricted stock units held directly after this award

Grant price $0.00 per unit RSUs awarded for no cash consideration

Key Terms

Restricted Stock Units, contingent right, vest 100%, grant date

4 terms

Restricted Stock Units financial

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

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.

contingent right financial

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

vest 100% financial

"The restricted stock units vest 100% one year from the grant date of June 1, 2026."

grant date financial

"The restricted stock units vest 100% one year from the grant date of June 1, 2026."

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

FAQ

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

What insider transaction did Northrim Bancorp (NRIM) report for Krystal Murphy?

Northrim Bancorp reported that director Krystal Murphy received a grant of 1,456 restricted stock units. Each RSU is a contingent right to one share of Northrim common stock, awarded as equity compensation rather than through a market purchase.

How many restricted stock units did Krystal Murphy receive from Northrim Bancorp (NRIM)?

Krystal Murphy received 1,456 restricted stock units from Northrim Bancorp. These units were granted for no cash consideration and give her the right to receive an equal number of Northrim common shares upon vesting, subject to the stated vesting schedule.

When do Krystal Murphy’s Northrim Bancorp (NRIM) RSUs vest?

Murphy’s restricted stock units vest 100% one year from the grant date of June 1, 2026. This means the entire 1,456-unit award is scheduled to vest at once, rather than in installments, assuming all vesting conditions are satisfied.

Did Krystal Murphy pay cash for the Northrim Bancorp (NRIM) RSU grant?

No, the RSU grant to Krystal Murphy was awarded for no consideration. This indicates the 1,456 restricted stock units were provided as part of her compensation package, without any cash payment by her to receive the award.

How many Northrim Bancorp (NRIM) RSUs does Krystal Murphy hold after this grant?

After this grant, Krystal Murphy holds 1,456 restricted stock units directly. This figure reflects the full size of the new award and represents her reported derivative position related to Northrim common stock in this Form 4 filing.

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

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Accepted by SEC EDGAR 06/02/2026 - 12:24 PM EDT 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^*

Nelson Krystal Murphy

(Last) (First) (Middle)

3111 C STREET

(Street)

ANCHORAGE ALASKA 99503

(City) (State) (Zip)

UNITED STATES

(Country)

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

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)
06/01/2026

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

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
Restricted Stock Units	(1)	06/01/2026		A		1,456		(2)	(2)	Common Stock	1,456	$0(3)	1,456	D

Explanation of Responses:

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

2. The restricted stock units vest 100% one year from the grant date of June 1, 2026.

3. The grant of restricted stock units were awarded for no consideration.

Remarks:

	/s/ Krystal M Nelson	06/01/2026
	** 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)