Does this WTBA Form 4 indicate any share sales by Douglas R. Gulling?

No share sales are reported in this Form 4. The filing only shows an acquisition of 1,430 shares through a restricted stock unit grant, with no disposition transactions, so Gulling’s direct ownership position in West Bancorporation increased with this award.

Director Douglas R. Gulling receives 1,430-share grant at West Bancorporation (WTBA)

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

West Bancorporation director Douglas R. Gulling received a grant of 1,430 shares of common stock as a compensation award. The shares were acquired through restricted stock units that carry a vesting schedule rather than an immediate cash purchase.

These restricted stock 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 award, Gulling directly holds 73,768 shares of West Bancorporation common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GULLING DOUGLAS R

Role null

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

Holdings After Transaction: COMMON STOCK — 73,768 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 1,430 shares Grant price: $0.00 per share Total holdings after grant: 73,768 shares +1 more

4 metrics

Shares granted 1,430 shares Restricted stock unit award on April 23, 2026

Grant price $0.00 per share Compensation-related equity grant, not a market purchase

Total holdings after grant 73,768 shares Director’s direct ownership following the reported transaction

Vesting trigger Earlier of 1-year anniversary or next annual meeting Vesting schedule for the restricted stock units

Key Terms

restricted stock units, vest, annual meeting of the Company's stockholders, direct ownership

4 terms

restricted stock units financial

"Shares were acquired pursuant to a grant of restricted stock units which vest"

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.

vest financial

"units which vest as of the earlier to occur of 1) the one-year anniversary"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

annual meeting of the Company's stockholders financial

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

direct ownership financial

"total_shares_following_transaction indicates his direct ownership position"

Form 4 Insider Transactions: What Each Field Means →

04/24/2026 - 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^*

GULLING DOUGLAS R

(Last)

(First)

(Middle)

9620 HAMMONTREE DRIVE

(Street)

URBANDALE

IOWA

50322

(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)
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	04/23/2026		A		1,430⁽¹⁾	A	$0	73,768	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)
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)

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)

Source: View Original Filing on SEC EDGAR

FAQ

What did West Bancorporation (WTBA) director Douglas R. Gulling report on this Form 4?

Douglas R. Gulling reported receiving 1,430 shares of West Bancorporation common stock as a restricted stock unit grant. This is a compensation-related acquisition, not an open-market purchase, and increases his direct holdings to 73,768 shares after the transaction.

Is the Douglas R. Gulling Form 4 for WTBA a stock purchase or a grant?

The Form 4 for WTBA shows a grant, not a market purchase. Gulling acquired 1,430 shares at a price of $0.00 per share as a restricted stock unit award, reflecting director compensation rather than a discretionary buy in the open market.

How many West Bancorporation (WTBA) shares does Douglas R. Gulling hold after this Form 4?

After the reported grant, Douglas R. Gulling directly holds 73,768 shares of West Bancorporation common stock. This total includes the 1,430 shares acquired via restricted stock units, which are subject to specific vesting conditions tied to time and board service.

What are the vesting terms of the restricted stock units granted to the WTBA director?

The restricted stock units vest on the earlier of two events: the one-year anniversary of the grant date, or the next regularly scheduled annual meeting of West Bancorporation stockholders at which directors stand for re-election, aligning vesting with the director’s service period.