What price was used for the WAL CFO’s share disposition?

The disposition of 123 Western Alliance common shares back to the issuer was reported at a price of $81.81 per share. This transaction was coded as a disposition to the issuer, indicating it was not an open-market sale through a stock exchange.

Western Alliance (NYSE: WAL) CFO reports 123-share exercise and matching issuer disposition

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Western Alliance Bancorporation’s Chief Financial Officer Vishal Idnani reported routine equity compensation activity involving 123 shares and related units. He exercised derivative rights covering 123 shares of common stock and, in a separate transaction, disposed of 123 common shares back to the issuer at $81.81 per share.

Following these transactions, Idnani directly holds 11,468 shares of common stock and 3,920 cash-settled restricted stock units. Each unit is the economic equivalent of one share of common stock and vests in cash in monthly installments from March 2026 through February 2029.

Insider Trade Summary

123 shares exercised/converted

Mixed 3 txns

Insider Idnani Vishal

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Cash Settled Restricted Stock Units	123	$0.00	--
Exercise	Common Stock	123	$0.00	--
Disposition	Common Stock	123	$81.81	$10K

Holdings After Transaction: Cash Settled Restricted Stock Units — 3,920 shares (Direct, null); Common Stock — 11,591 shares (Direct, null)

Footnotes (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 2026 and ending February 2029. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.

Key Figures

Shares disposed to issuer: 123 shares at $81.81 Shares acquired via exercise: 123 shares Common shares held after transactions: 11,468 shares +2 more

5 metrics

Shares disposed to issuer 123 shares at $81.81 Disposition of common stock back to issuer on June 15, 2026

Shares acquired via exercise 123 shares Exercise or conversion of derivative security into common stock

Common shares held after transactions 11,468 shares Direct ownership following June 15, 2026 transactions

Cash-settled RSUs held 3,920 units Cash-settled restricted stock units outstanding after transactions

RSU vesting schedule 1/36th monthly Vesting each month from March 2026 through February 2029

Key Terms

Disposition to issuer, Cash Settled Restricted Stock Units, economic equivalent, Exercise or conversion of derivative security

4 terms

Disposition to issuer financial

"Disposition to issuer"

Cash Settled Restricted Stock Units financial

"Cash Settled Restricted Stock Units"

Cash-settled restricted stock units are employee compensation promises that mirror the value of company shares but pay out in cash instead of delivering actual stock once the units vest. Think of them as a future paycheck tied to the company’s share price that is paid after time or performance conditions are met. Investors watch them because they create future cash obligations for the company and avoid share dilution, both of which can affect earnings, cash flow and per-share metrics.

economic equivalent financial

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

Exercise or conversion of derivative security financial

"Exercise or conversion of derivative security"

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Form 4 Insider Transactions: What Each Field Means →

06/17/2026 - 05:18 PM

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^*

Idnani Vishal

(Last)

(First)

(Middle)

C/O WESTERN ALLIANCE BANCORPORATION

1 E. WASHINGTON ST., SUITE 1400

(Street)

PHOENIX

ARIZONA

85004

(City)

(State)

(Zip)

UNITED STATES

(Country)

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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/15/2026		M		123⁽¹⁾	A	$0⁽²⁾	11,591	D
Common Stock	06/15/2026		D		123	D	$81.81	11,468	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Cash Settled Restricted Stock Units	⁽²⁾	06/15/2026		M			123	⁽¹⁾	⁽¹⁾	Common Stock	123	⁽²⁾	3,920	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 2026 and ending February 2029.

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

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	06/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did WAL CFO Vishal Idnani report?

WAL CFO Vishal Idnani reported exercising derivative rights for 123 common shares and disposing of 123 common shares back to the issuer. These moves reflect routine equity compensation activity rather than an open-market purchase or sale, leaving his net common share position largely unchanged.

How many Western Alliance (WAL) shares does the CFO hold after the Form 4?

After the reported transactions, CFO Vishal Idnani holds 11,468 shares of Western Alliance common stock. He also holds 3,920 cash-settled restricted stock units, which are separate from the common shares and are designed to pay out in cash rather than additional stock.

What are the terms of the WAL cash-settled restricted stock units?

The cash-settled restricted stock units vest and are payable solely in cash, with 1/36th vesting on the 15th day of each month from March 2026 through February 2029. Each unit is the economic equivalent of one share of Western Alliance common stock.

Did the WAL CFO buy or sell shares on the open market?

The Form 4 shows no open-market purchases or sales by the WAL CFO. Instead, it reports an exercise of derivative securities related to 123 shares and a disposition of 123 shares back to the issuer, both classified as compensation-related, not market trades.