Western Alliance (NYSE: WAL) CRO logs two small stock disposals

Rhea-AI Filing Summary

Western Alliance Bancorporation’s Chief Risk Officer, Emily Nachlas, reported two small stock dispositions. On February 6, 2026, she disposed of 287 shares of common stock at $94.39 per share, leaving 15,921 shares beneficially owned directly. On February 7, 2026, she disposed of an additional 438 shares at the same price, with direct beneficial ownership reported at 15,483 shares afterward.

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^*

Nachlas Emily

(Last) (First) (Middle)

C/O WESTERN ALLIANCE BANCORPORATION

ONE E. WASHINGTON STREET, STE 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)
	Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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	02/06/2026		F		287	D	$94.39	15,921	D
Common Stock	02/07/2026		F		438	D	$94.39	15,483	D

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

Explanation of Responses:

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	02/10/2026
	** 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.
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FAQ

What insider transaction did Western Alliance (WAL) report for Emily Nachlas?

Western Alliance (WAL) reported that Chief Risk Officer Emily Nachlas disposed of common stock in two transactions. She reported sales of 287 shares and 438 shares at $94.39 per share, with all holdings listed as direct.

On what dates did the reported Western Alliance (WAL) insider trades occur?

The reported trades occurred on February 6, 2026, and February 7, 2026. Both transactions involved Western Alliance Bancorporation common stock and were coded as F transactions in the Form 4 filing.

How many Western Alliance (WAL) shares did the CRO dispose of in each transaction?

Chief Risk Officer Emily Nachlas disposed of 287 shares of Western Alliance common stock on February 6, 2026, and 438 shares on February 7, 2026, according to the Form 4 transaction table.

What price per share was reported for the Western Alliance (WAL) insider transactions?

Both insider transactions in Western Alliance (WAL) common stock were reported at a price of $94.39 per share. This same per-share price applied to the 287-share and 438-share dispositions reported by the Chief Risk Officer.

How many Western Alliance (WAL) shares does the CRO hold after the reported trades?

After the February 6, 2026 transaction, direct beneficial ownership was listed as 15,921 shares. After the February 7, 2026 transaction, direct beneficial ownership was reported as 15,483 shares of Western Alliance common stock.

Is the Western Alliance (WAL) insider ownership reported as direct or indirect?

The Form 4 shows Chief Risk Officer Emily Nachlas holding Western Alliance (WAL) common stock with direct (D) ownership. The filing does not list any indirect ownership or related entities for the reported transactions.