Western Alliance (WAL) vice chair reports 8,232 RSUs and new stock award

Rhea-AI Filing Summary

Western Alliance Bancorporation executive Dale Gibbons reported new equity-related awards. On February 5, 2026, he acquired 5,488 shares of common stock at $0 per share, bringing his directly held common stock to 305,846 shares.

He also acquired 8,232 cash-settled restricted stock units, each economically equivalent to one share of Western Alliance Bancorporation common stock and payable solely in cash. Separately, 612 common shares were reported as indirectly held in a 401(k) plan, reflecting holdings including employer match as of February 5, 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^*

GIBBONS DALE

(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)
	Vice Chair and CBO, Deposits

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

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	02/05/2026		A		5,488	A	$0	305,846	D
Common Stock								612(1)	I	401K Plan

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)	02/05/2026		A		8,232		(3)	(3)	Common Stock	8,232	(2)	8,232	D

Explanation of Responses:

1. Reflects shares held in the 401K Plan to include employer match as of 2/5/2026.

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 2026 and ending February 2029.

Remarks:

	/s/Jessica Jarvi (Attorney-in-fact)	02/09/2026
	** 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).
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FAQ

What insider transaction did WAL executive Dale Gibbons report on February 5, 2026?

Dale Gibbons reported acquiring 5,488 shares of Western Alliance Bancorporation common stock at $0 per share. After this transaction, he directly held 305,846 common shares, plus additional indirect holdings through a 401(k) plan reported in the filing.

What are the 8,232 cash-settled restricted stock units reported for WAL?

The filing shows 8,232 cash-settled restricted stock units, each economically equivalent to one Western Alliance Bancorporation common share. These units are payable solely in cash and vest 1/36th monthly from March 2026 through February 2029, creating a three-year vesting schedule.

How many WAL shares does Dale Gibbons own directly and indirectly after this Form 4?

After the reported transactions, Dale Gibbons directly owns 305,846 Western Alliance Bancorporation common shares. The filing also reports 612 common shares indirectly held in a 401(k) plan, reflecting plan holdings including employer match as of February 5, 2026.

How do the cash-settled RSUs for WAL vest over time?

The 8,232 cash-settled restricted stock units vest and are payable solely in cash over 36 months. Specifically, 1/36th of the units vests on the 15th day of each month from March 2026 through February 2029, spreading vesting evenly across that period.

What does the WAL Form 4 say about Gibbons’s 401(k) holdings?

The Form 4 reports 612 Western Alliance Bancorporation common shares as indirectly owned through a 401(k) plan. A footnote explains this reflects shares held in the 401(k) plan, including employer match, as of February 5, 2026, for reporting purposes.