Western Alliance Bancorporation (WAL) officer updates share holdings and cash-settled RSUs

Rhea-AI Filing Summary

Western Alliance Bancorporation reported insider share and equity award activity by officer Jessica H. Jarvi, who serves as CLO & Secretary. On 12/15/2025, she reported transactions in common stock involving 58 and 46 shares, with corresponding dispositions at a price of $86.18 per share.

Following these transactions, she directly beneficially owns 12,457 shares of Western Alliance common stock and indirectly holds 2,074 shares through a WAL 401(k) plan as of 12/11/2025. She also holds cash-settled restricted stock units, including 795 units that vest monthly from March 2024 through February 2027 and 1,195 units that vest monthly from March 2025 through February 2028, each unit being the economic equivalent of one common share and payable solely in cash.

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^*

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)
12/15/2025

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	12/15/2025		M		58(1)	A	$0(2)	12,515	D
Common Stock	12/15/2025		D		58	D	$86.18	12,457	D
Common Stock	12/15/2025		M		46(3)	A	$0(2)	12,503	D
Common Stock	12/15/2025		D		46	D	$86.18	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)	12/15/2025		M			58	(1)	(1)	Common Stock	58	(2)	795	D
Cash Settled Restricted Stock Units	(2)	12/15/2025		M			46	(3)	(3)	Common Stock	46	(2)	1,195	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 12/11/2025.

Remarks:

	Jessica H. Jarvi	12/16/2025
	** 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 filed this insider stock transaction report for Western Alliance Bancorporation (WAL)?

The report was filed by Jessica H. Jarvi, who is an officer of Western Alliance Bancorporation serving as CLO & Secretary.

What stock transactions did Jessica H. Jarvi report on 12/15/2025 for WAL?

On 12/15/2025, she reported transactions in Western Alliance common stock involving 58 and 46 shares, including acquisitions coded "M" at $0 and corresponding dispositions of 58 and 46 shares at a price of $86.18 per share.

How many Western Alliance Bancorporation shares does Jessica H. Jarvi own after the reported transactions?

After the reported 12/15/2025 transactions, she beneficially owns 12,457 Western Alliance common shares directly and 2,074 shares indirectly through a WAL 401(k) Plan as of 12/11/2025.

What cash-settled restricted stock units related to WAL does Jessica H. Jarvi hold?

She holds cash-settled restricted stock units that are each the economic equivalent of one share of Western Alliance common stock. After the 12/15/2025 transactions, she beneficially owns 795 such units from one award and 1,195 units from another award.

How do Jessica H. Jarvi’s cash-settled restricted stock units in WAL vest and pay out?

One award of units vests and is payable solely in cash at a rate of 1/36th on the 15th day of each month during the 36-month period from March 2024 through February 2027. A second award vests and is payable solely in cash at 1/36th per month from March 2025 through February 2028.