Western Alliance CLO settles 168 stock units at $82.32

Q: What insider transactions did WAL’s Jessica H. Jarvi report on this Form 4?

Jessica H. Jarvi reported exercising 168 cash settled restricted stock units into common stock and immediately disposing of the same 168 shares back to Western Alliance Bancorporation at $82.32 per share, resulting in no net change in directly held shares.

Q: How many Western Alliance (WAL) cash settled restricted stock units did Jarvi exercise?

Jarvi exercised 168 cash settled restricted stock units in total, in three tranches of 58, 46, and 64 units. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock according to the filing footnotes.

Q: Did Jessica H. Jarvi’s direct ownership in Western Alliance (WAL) shares change?

The reported transactions show 168 shares acquired and the same 168 shares disposed to the issuer, so there is no indicated net change in directly held common stock. The filing does not list a new direct-share total after these transactions.

Q: How many Western Alliance (WAL) shares does Jarvi hold through the 401(k) plan?

Jarvi reports 2,074 Western Alliance Bancorporation common shares held indirectly through the WAL 401(k) plan. A footnote states this amount includes the employer match and is reported as of August 6, 2026.

WESTERN ALLIANCE BANCORPORATION (WAL) reported that its CLO & Secretary, Jessica H. Jarvi, exercised cash settled restricted stock units representing a total of 168 units, each economically equivalent to one share of common stock.

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Form Type

Rhea-AI Filing Summary

WESTERN ALLIANCE BANCORPORATION (WAL) reported that its CLO & Secretary, Jessica H. Jarvi, exercised cash settled restricted stock units representing a total of 168 units, each economically equivalent to one share of common stock. Matching amounts of common stock (58, 46 and 64 shares) were acquired at $0.00 per share and immediately disposed of to the issuer at $82.32 per share, resulting in no net change in directly held common shares. Jarvi also reports 2,074 shares of common stock held indirectly through the WAL 401(k) plan as of August 6, 2026.

Insider Trade Summary

168 shares exercised/converted

Exercise 10 txns

Insider Jarvi Jessica H

Role CLO & Secretary

Type	Security	Shares	Price	Value
Exercise	Cash Settled Restricted Stock Units ^{F2, F1}	58	--	--
Exercise	Cash Settled Restricted Stock Units ^{F2, F3}	46	--	--
Exercise	Cash Settled Restricted Stock Units ^{F2, F4}	64	--	--
Exercise	Common Stock ^{F1, F2}	58	$0.00	$0.00
Disposition	Common Stock	58	$82.32	$5K
Exercise	Common Stock ^{F3, F2}	46	$0.00	$0.00
Disposition	Common Stock	46	$82.32	$4K
Exercise	Common Stock ^{F4, F2}	64	$0.00	$0.00
Disposition	Common Stock	64	$82.32	$5K
holding	Common Stock ^F5	--	--	--

Holdings After Transaction: Cash Settled Restricted Stock Units — 3,079 contracts (Direct); Common Stock — 13,707 shares (Direct); Common Stock — 2,074 shares (Indirect, WAL 401(k))

Footnotes (5)

F1. 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.
F2. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
F3. 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.
F4. 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.
F5. Reflects shares held in the 401K Plan to include employer match as of 8/6/2026.

Key Figures

RSUs exercised (total units): 168 units RSUs exercised (tranche 1): 58 units RSUs exercised (tranche 2): 46 units +3 more

6 metrics

RSUs exercised (total units) 168 units Cash settled restricted stock units exercised on 2026-08-15

RSUs exercised (tranche 1) 58 units Cash settled restricted stock units exercised on 2026-08-15

RSUs exercised (tranche 2) 46 units Cash settled restricted stock units exercised on 2026-08-15

RSUs exercised (tranche 3) 64 units Cash settled restricted stock units exercised on 2026-08-15

Disposition price to issuer $82.32 per share Common stock dispositions to issuer on 2026-08-15

Indirect 401(k) holdings 2,074 shares Common stock held in WAL 401(k) including employer match as of 8/6/2026

Key Terms

Cash Settled Restricted Stock Units, economic equivalent, Disposition to issuer, indirect

4 terms

Cash Settled Restricted Stock Units financial

"security_title: "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"

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer""

indirect financial

"ownership_type: "indirect" with nature_of_ownership WAL 401(k)"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did WAL’s Jessica H. Jarvi report on this Form 4?

Jessica H. Jarvi reported exercising 168 cash settled restricted stock units into common stock and immediately disposing of the same 168 shares back to Western Alliance Bancorporation at $82.32 per share, resulting in no net change in directly held shares.

How many Western Alliance (WAL) cash settled restricted stock units did Jarvi exercise?

Jarvi exercised 168 cash settled restricted stock units in total, in three tranches of 58, 46, and 64 units. Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock according to the filing footnotes.

At what price were Jessica H. Jarvi’s WAL shares disposed of to the issuer?

The common shares received from the RSU exercises were disposed of to Western Alliance Bancorporation at $82.32 per share. The acquisition legs of these transactions were recorded at $0.00 per share, reflecting the settlement mechanics of the cash settled restricted stock units.

Did Jessica H. Jarvi’s direct ownership in Western Alliance (WAL) shares change?

The reported transactions show 168 shares acquired and the same 168 shares disposed to the issuer, so there is no indicated net change in directly held common stock. The filing does not list a new direct-share total after these transactions.

How many Western Alliance (WAL) shares does Jarvi hold through the 401(k) plan?

Jarvi reports 2,074 Western Alliance Bancorporation common shares held indirectly through the WAL 401(k) plan. A footnote states this amount includes the employer match and is reported as of August 6, 2026.

What is the vesting schedule for Jarvi’s WAL cash settled restricted stock units?

The filing states these units vest and are payable solely in cash in 1/36th monthly installments on the 15th of each month over 36 months, with separate grants vesting from March 2024–February 2027, March 2025–February 2028, and March 2026–February 2029.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/18/2026 - 04:28 PM Accepted by SEC EDGAR 08/18/2026 - 04:27 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^*

Jarvi Jessica H

(Last)

(First)

(Middle)

1 E. WASHINGTON STREET

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)
	CLO & Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2026

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	08/15/2026		M		58⁽¹⁾	A	$0⁽²⁾	13,765	D
Common Stock	08/15/2026		D		58	D	$82.32	13,707	D
Common Stock	08/15/2026		M		46⁽³⁾	A	$0⁽²⁾	13,753	D
Common Stock	08/15/2026		D		46	D	$82.32	13,707	D
Common Stock	08/15/2026		M		64⁽⁴⁾	A	$0⁽²⁾	13,771	D
Common Stock	08/15/2026		D		64	D	$82.32	13,707	D
Common Stock								2,074⁽⁵⁾	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)
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⁾	08/15/2026		M			58	⁽¹⁾	⁽¹⁾	Common Stock	58	⁽²⁾	331	D
Cash Settled Restricted Stock Units	⁽²⁾	08/15/2026		M			46	⁽³⁾	⁽³⁾	Common Stock	46	⁽²⁾	827	D
Cash Settled Restricted Stock Units	⁽²⁾	08/15/2026		M			64	⁽⁴⁾	⁽⁴⁾	Common Stock	64	⁽²⁾	1,921	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. 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.

5. Reflects shares held in the 401K Plan to include employer match as of 8/6/2026.

Remarks:

	Jessica H. Jarvi	08/18/2026
	** 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