Insider at Western Alliance (NYSE: WAL) reports stock trades

Rhea-AI Filing Summary

Western Alliance Bancorporation’s CLO and Secretary, Jessica H. Jarvi, reported multiple equity transactions dated January 15, 2026. She converted cash-settled restricted stock units that are each the economic equivalent of one common share into 58 and 46 shares of common stock at an exercise price of $0, and then disposed of the same respective amounts of common stock at a sale price of $89.83 per share.

After these transactions, Jarvi directly beneficially owned 12,457 shares of Western Alliance common stock. She also indirectly held 2,074 shares through a WAL 401(k) plan, which reflects plan holdings including employer matching contributions as of January 8, 2026.

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

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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^*

Jarvi Jessica H

(Last) (First) (Middle)

1 E. WASHINGTON STREET

SUITE 1400

(Street)

PHOENIX AZ 85004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WESTERN ALLIANCE BANCORPORATION [ WAL ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CLO & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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

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 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	01/15/2026		M		58(1)	A	$0(2)	12,515	D
Common Stock	01/15/2026		D		58	D	$89.83	12,457	D
Common Stock	01/15/2026		M		46(3)	A	$0(2)	12,503	D
Common Stock	01/15/2026		D		46	D	$89.83	12,457	D
Common Stock								2,074(4)	I	WAL 401(k)

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
Cash Settled Restricted Stock Units	(2)	01/15/2026		M			58	(1)	(1)	Common Stock	58	(2)	737	D
Cash Settled Restricted Stock Units	(2)	01/15/2026		M			46	(3)	(3)	Common Stock	46	(2)	1,149	D

Explanation of Responses:

1. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2024 and ending February 2027.

2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.

3. These units vest and are payable solely in cash as follows: 1/36th on the 15th day of each month during the 36-month period beginning March 2025 and ending February 2028.

4. Reflects shares held in the 401K Plan to include employer match as of 1/8/2026.

Remarks:

	Jessica H. Jarvi	01/20/2026
	** 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.

FAQ

Who is the insider in Western Alliance Bancorporation (WAL)'s latest Form 4?

The reporting person is Jessica H. Jarvi, who serves as CLO & Secretary of Western Alliance Bancorporation.

What transactions did Jessica Jarvi report in Western Alliance (WAL)'s Form 4?

On January 15, 2026, Jarvi reported conversions of cash-settled restricted stock units into 58 and 46 shares of common stock at $0 per share, followed by sales of 58 and 46 common shares at $89.83 per share.

How many Western Alliance (WAL) shares does Jessica Jarvi own after the reported trades?

Following the reported transactions, Jarvi directly beneficially owned 12,457 shares of Western Alliance common stock and indirectly held 2,074 shares through a WAL 401(k) plan.

What are the cash-settled restricted stock units reported by Jessica Jarvi at Western Alliance (WAL)?

The reported awards are cash-settled restricted stock units, each of which is the economic equivalent of one share of Western Alliance common stock and is payable solely in cash according to stated vesting schedules.

How do Jessica Jarvi’s cash-settled units at Western Alliance (WAL) vest?

One award vests in 1/36th installments on the 15th of each month from March 2024 through February 2027, and another vests in 1/36th installments from March 2025 through February 2028.

How are the 401(k) shares for Jessica Jarvi at Western Alliance (WAL) reported?

The Form 4 shows 2,074 shares indirectly owned via a WAL 401(k) plan, reflecting holdings including employer match as of January 8, 2026.