West Bancorporation CFO reports tax share withholding

WEST BANCORPORATION INC CFO Jane M. Funk reported a tax-withholding disposition of 6,033 shares of common stock on March 25, 2026, valued at $23.71 per share, to cover payroll taxes upon vesting of restricted stock units.

Accepted by SEC EDGAR 03/26/2026 - 04:29 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

WEST BANCORPORATION INC CFO Jane M. Funk reported a tax-withholding disposition of 6,033 shares of common stock on March 25, 2026, valued at $23.71 per share, to cover payroll taxes upon vesting of restricted stock units. After this withholding, she directly owns 71,517 shares and indirectly holds 220 shares through a 401(k) plan. The footnotes also note that 719 previously reported performance stock units did not vest because performance conditions were not met.

Insider Trade Summary

Exercise Price or Tax Liability: 6,033 shares

Exercise Price or Tax Liability 1 txn

Insider FUNK JANE M

Role CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	COMMON STOCK	6,033	$23.71	$143K
Holding	COMMON STOCK	--	--	--

Holdings After Transaction: COMMON STOCK — 71,517 shares (Direct); COMMON STOCK — 220 shares (Indirect, By 401(k) Plan)

Holdings Before and After: COMMON STOCK, 77,550 to 71,517 shares (Direct)

Footnotes (2)

1. F1. Restricted stock units withheld to pay payroll taxes due upon vesting and issuance of restricted stock units shares on March 25, 2026.
2. F2. 719 shares of previously reported performance stock units did not vest because the applicable performance conditions were not satisfied.

FAQ

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What insider transaction did WTBA CFO Jane Funk report?

WTBA CFO Jane Funk reported a tax-withholding disposition of 6,033 shares of common stock. The shares were withheld to pay payroll taxes due when restricted stock units vested and were issued on March 25, 2026, rather than being sold on the open market.

Did the WTBA CFO sell shares in the open market in this Form 4?

No, the Form 4 shows a tax-withholding disposition of 6,033 shares, not an open-market sale. The shares were withheld by the company at $23.71 per share to satisfy payroll tax obligations tied to vesting restricted stock units.

How many WEST BANCORPORATION shares does the CFO hold after this transaction?

After the reported transaction, the CFO holds 71,517 WTBA common shares directly. She also has an additional 220 shares held indirectly through a 401(k) plan, as disclosed in the filing’s ownership table and related details.

What price per share was used for the WTBA tax-withholding shares?

The tax-withholding disposition used a price of $23.71 per WTBA common share. This price is applied to the 6,033 shares withheld to calculate the value used to cover payroll taxes when the restricted stock units vested.

What happened to the WTBA performance stock units noted in the Form 4?

The filing states that 719 previously reported performance stock units did not vest. The performance conditions attached to those units were not satisfied, so those units were forfeited and no common shares were issued from them.

Is the WTBA CFO’s Form 4 transaction a routine compensation event?

Yes, the Form 4 describes shares withheld to pay taxes on vesting restricted stock units, a routine compensation-related event. It reflects payroll tax settlement rather than a discretionary decision to buy or sell shares in the market.

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

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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^*

FUNK JANE M

(Last) (First) (Middle)

2702 NE TRILEIN DRIVE

(Street)

ANKENY IOWA 50021

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WEST BANCORPORATION INC [ WTBA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

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)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	03/25/2026		F		6,033(1)	D	$23.71	71,517(2)	D
COMMON STOCK								220	I	By 401(k) 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

Explanation of Responses:

1. Restricted stock units withheld to pay payroll taxes due upon vesting and issuance of restricted stock units shares on March 25, 2026.

2. 719 shares of previously reported performance stock units did not vest because the applicable performance conditions were not satisfied.

Remarks:

	/s/ Melissa L. Gillespie, By Power of Attorney	03/26/2026
	** 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)