Form 4: Finwise Bancorp President James Noone Disposes of Shares for Tax Obligations

Finwise Bancorp's President, James Noone, reported the disposition of 4,040 shares of common stock valued at $14.49 per share to cover tax withholding obligations related to the vesting of restricted stock awards.

Summary

• James Noone, President of Finwise Bancorp (FINW), reported a transaction on May 28, 2025.
• The transaction involved the disposition of 4,040 shares of Finwise Bancorp common stock.
• The shares were disposed of at a price of $14.49 per share.
• This disposition was made to satisfy income tax withholding and remittance obligations upon the vesting and net settlement of previously granted restricted stock awards.
• Following this transaction, James Noone beneficially owns 401,129 shares of Finwise Bancorp common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposition of shares upon vesting of restricted stock awards, which is a neutral event and does not indicate a change in management's confidence or company performance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction filing (Form 4) related to executive compensation and tax obligations, and as such, it does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: This is a routine transaction and is unlikely to have a significant direct impact on shareholders, as it reflects a standard compensation and tax event rather than a discretionary sale.

Key Dates

Keywords

Finwise Bancorp, FINW, SEC Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, Tax Withholding, James Noone, Corporate Governance