Form 4: First Northwest Bancorp Executive Disposes of Shares for Tax Obligations

First Northwest Bancorp's EVP, Chief Innovation Officer, David Benjamin Edelstein, disposed of 609 shares of common stock to cover tax withholding obligations at a price of $9.75 per share.

Summary

• David Benjamin Edelstein, the Executive Vice President and Chief Innovation Officer of First Northwest Bancorp (FNWB), reported a disposition of company common stock.
• The transaction involved the disposal of 609 shares of common stock on May 7, 2025.
• The shares were disposed of at a price of $9.75 per share.
• This disposition was made to satisfy tax withholding obligations, indicated by transaction code 'F'.
• Following this transaction, Mr. Edelstein beneficially owns 10,754 shares of First Northwest Bancorp common stock.
• The beneficially owned shares include 5,000 shares of restricted stock granted under the Issuer's 2020 Equity Incentive Plan, with one-half vesting annually beginning May 7, 2026.
• Additionally, the beneficial ownership includes 3,863 shares of restricted stock granted under the Issuer's 2020 Plan, with one-third vesting annually beginning March 7, 2026.

Sentiment

Score: 5

Explanation: The transaction reported is a routine insider disposition for tax purposes, which is generally considered neutral in terms of its impact on the company's fundamentals or outlook.

Future Outlook

The document indicates future vesting schedules for restricted stock held by the reporting person, with portions vesting annually starting March 7, 2026, and May 7, 2026.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction specific to First Northwest Bancorp and does not provide broader industry trends or context.

Stakeholder Impact

• The transaction is a routine tax-related disposition by an executive and is unlikely to have a significant direct impact on shareholders, employees, customers, suppliers, or creditors.

Next Steps

• Future vesting of restricted stock holdings on March 7, 2026, and May 7, 2026, and annually thereafter as per the 2020 Equity Incentive Plan.

Key Dates

Recommendation

Keywords

First Northwest Bancorp, FNWB, SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock, Executive Compensation