West Bancorporation director awarded 1,430 RSUs

Elming Lisa J reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Elming Lisa J reported acquisition or exercise transactions in this Form 4 filing.

West Bancorporation Inc. director Lisa J. Elming received an equity grant of 1,430 shares of common stock in the form of restricted stock units. The award was granted at no cash cost per share and is structured as director compensation rather than an open‑market purchase.

The units vest on the earlier of the one-year anniversary of the grant date or the next regularly scheduled annual meeting of stockholders at which directors stand for re-election. Following this grant, Elming directly holds 9,048 shares of the company’s common stock.

Insider Trade Summary

Grant/Award: 1,430 shares

Grant/Award 1 txn

Insider Elming Lisa J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	COMMON STOCK	1,430	$0.00	$0.00

Holdings After Transaction: COMMON STOCK — 9,048 shares (Direct)

Footnotes (1)

1. F1. Shares were acquired pursuant to a grant of restricted stock units which vest as of the earlier to occur of 1) the one-year anniversary of the grant date, or 2) the next regularly scheduled annual meeting of the Company's stockholders where directors stand for re-election.

Key Figures

RSU grant size: 1,430 shares Grant price: $0.00 per share Post-grant holdings: 9,048 shares

3 metrics

RSU grant size 1,430 shares Restricted stock units of common stock granted to director

Grant price $0.00 per share Reported transaction price per share for RSU award

Post-grant holdings 9,048 shares Total common stock held directly after the transaction

Key Terms

restricted stock units, annual meeting, Grant, award, or other acquisition

3 terms

restricted stock units financial

"Shares were acquired pursuant to a grant of restricted stock units which vest as of the earlier to occur"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

annual meeting financial

"or 2) the next regularly scheduled annual meeting of the Company's stockholders where directors stand"

A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

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

What did West Bancorporation (WTBA) director Lisa J. Elming report on this Form 4?

Lisa J. Elming reported receiving a grant of 1,430 restricted stock units of West Bancorporation common stock. The award is part of director compensation, carries a grant price of $0.00 per share, and increases her direct holdings to 9,048 shares after the transaction.

Is the West Bancorporation (WTBA) Form 4 transaction a stock purchase or a compensation grant?

The Form 4 shows a compensation grant, not an open-market stock purchase. Lisa J. Elming acquired 1,430 shares through a restricted stock unit award coded as an “A” transaction, indicating a grant, award, or other acquisition, at a reported price of $0.00 per share.

How many West Bancorporation (WTBA) shares does Lisa J. Elming hold after this Form 4 transaction?

After the restricted stock unit grant, Lisa J. Elming directly holds 9,048 shares of West Bancorporation common stock. This total includes the newly awarded 1,430 shares, which are subject to vesting conditions tied to time or the next annual stockholders’ meeting.

What are the vesting terms of the restricted stock units granted to the West Bancorporation (WTBA) director?

The 1,430 restricted stock units vest on the earlier of two dates: the one-year anniversary of the grant date, or the next regularly scheduled annual meeting of West Bancorporation stockholders where directors stand for re-election, according to the footnote disclosure in the Form 4.

Does the West Bancorporation (WTBA) Form 4 indicate any insider selling activity?

No insider selling is reported in this Form 4. The filing shows a single acquisition transaction coded “A” for a grant or award of 1,430 restricted stock units, with no sale, disposition, or tax-withholding entries reported for Lisa J. Elming in this disclosure.

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

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Accepted by SEC EDGAR 04/24/2026 - 04:26 PM EDT Learn about SEC filing dates

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^*

Elming Lisa J

(Last) (First) (Middle)

6826 NW 88TH COURT

(Street)

JOHNSTON IOWA 50131

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

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	04/23/2026		A		1,430(1)	A	$0	9,048	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares were acquired pursuant to a grant of restricted stock units which vest as of the earlier to occur of 1) the one-year anniversary of the grant date, or 2) the next regularly scheduled annual meeting of the Company's stockholders where directors stand for re-election.

Remarks:

	/s/ Melissa L. Gillespie, By Power of Attorney	04/24/2026
	** 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)