Director Shauna Hegna receives 1,456 RSU grant at Northrim Bancorp (NRIM)

Rhea-AI Filing Summary

HEGNA SHAUNA reported acquisition or exercise transactions in this Form 4 filing.

Northrim Bancorp director Shauna Hegna was granted 1,456 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Northrim common stock. The grant was awarded for no cash consideration and is held as a derivative, not yet as common shares.

The RSUs vest 100% one year from the grant date of June 1, 2026, meaning the full award is scheduled to vest at that time if conditions are met. Following this grant, Hegna’s reported derivative holdings from this award total 1,456 RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HEGNA SHAUNA

Role null

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

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

Footnotes (1)

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

Key Figures

RSUs granted: 1,456 units Underlying common shares: 1,456 shares Grant consideration: $0.00 +2 more

5 metrics

RSUs granted 1,456 units Restricted stock units granted to director Shauna Hegna

Underlying common shares 1,456 shares Each RSU corresponds to one Northrim common share

Grant consideration $0.00 RSU grant awarded for no consideration

Post-grant derivative holdings 1,456 RSUs Total RSUs held after this transaction

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

Key Terms

Restricted Stock Units, contingent right, vest 100%, no consideration

4 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share"

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

"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"

no consideration financial

"The grant of restricted stock units were awarded for no consideration"

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Form 4 Insider Transactions: What Each Field Means →

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^*

HEGNA SHAUNA

(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/ Shauna Hegna	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)

FAQ

What insider transaction did Northrim Bancorp (NRIM) report for Shauna Hegna?

Northrim Bancorp reported that director Shauna Hegna received 1,456 restricted stock units. These RSUs are a form of equity compensation and give her a contingent right to receive an equal number of Northrim common shares in the future, subject to vesting.

How many restricted stock units did Shauna Hegna receive from Northrim Bancorp (NRIM)?

Shauna Hegna received 1,456 restricted stock units. Each unit represents a contingent right to one share of Northrim common stock, providing equity-based compensation that aligns her interests with shareholders once the units vest and convert into shares.

When do Shauna Hegna’s Northrim Bancorp (NRIM) RSUs vest?

The filing states that the 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 together after that one-year period, assuming vesting conditions are satisfied.

Did Shauna Hegna pay cash for her Northrim Bancorp (NRIM) RSU grant?

No. The footnotes specify that the grant of restricted stock units was awarded for no consideration. This indicates the RSUs were granted as compensation, without any cash payment by Hegna to acquire the units.

What does each Northrim Bancorp (NRIM) restricted stock unit represent for Shauna Hegna?

Each restricted stock unit represents a contingent right to receive one share of Northrim common stock. The units do not immediately convert into shares; they become shares only after vesting in accordance with the terms described in the filing.

How many derivative securities does Shauna Hegna hold after this Northrim Bancorp (NRIM) transaction?

After this grant, the Form 4 shows total derivative holdings of 1,456 restricted stock units related to this award. These RSUs may convert into the same number of Northrim common shares once the vesting schedule is satisfied.