Form 4: Finwise Bancorp Executive Natasha Clayton Reports Routine Stock Transaction for Tax Obligations

Finwise Bancorp's EVP and Chief Operating Officer, Natasha Clayton, reported a routine disposition of 1,731 shares of common stock to cover tax liabilities associated with the vesting of previously granted restricted stock awards.

Summary

• Natasha Laurette Clayton, EVP, Chief Operating Officer of FinWise Bank (a wholly owned subsidiary of Finwise Bancorp), reported a transaction on May 28, 2025.
• The transaction involved the disposition of 1,731 shares of Finwise Bancorp common stock, par value $0.001 per share.
• These shares were withheld by the Issuer at a price of $14.49 per share to satisfy income tax withholding and remittance obligations upon the vesting and net settlement of previously granted restricted stock awards.
• Following this reported transaction, Natasha Clayton beneficially owns 48,902 shares of Finwise Bancorp common stock directly.

Sentiment

Score: 5

Explanation: Neutral, as the transaction is a non-discretionary disposition of shares to cover tax obligations upon the vesting of restricted stock, which is a routine administrative event and does not reflect a change in the executive's investment sentiment.

Positives

• The underlying event leading to the transaction was the vesting of previously granted restricted stock awards, which represents a positive equity gain for the executive.

Negatives

• A reduction of 1,731 shares in direct beneficial ownership due to the tax withholding, although this is a non-discretionary event.

Management Comments

• The shares of common stock were withheld by the Issuer to satisfy income tax withholding and remittance obligations upon the vesting and net settlement of previously granted restricted stock awards.

Industry Context

This type of transaction, where shares are withheld to cover tax liabilities upon the vesting of equity awards, is a standard and common practice across all industries for companies that grant restricted stock or other forms of equity compensation to their executives and employees.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine administrative transaction for tax purposes and not a discretionary sale indicating a change in executive sentiment or company fundamentals.

Key Dates

Keywords

Finwise Bancorp, FINW, SEC Form 4, Insider Transaction, Restricted Stock, Tax Withholding, Equity Compensation, Executive Compensation