Form 4: Northrim CFO Boosts Stake with Stock Purchase

NORTHRIM BANCORP INC's EVP, CFO Jed W. Ballard purchased common stock, increasing his direct and indirect beneficial ownership.

Summary

• Jed W. Ballard, Executive Vice President and Chief Financial Officer of NORTHRIM BANCORP INC (NRIM), acquired shares of common stock.
• On January 30, 2026, Mr. Ballard directly purchased 650 shares of Common Stock at a price of $23.2 per share.
• Following this direct transaction, Mr. Ballard beneficially owns 19,162 shares of Common Stock directly.
• On the same date, Mr. Ballard indirectly acquired 640 shares of Common Stock at a price of $23.2799 per share.
• These 640 shares are beneficially owned indirectly by an adult child.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a positive development, as a significant insider purchase by the CFO typically indicates strong confidence in the company's financial health and future growth trajectory.

Positives

• The EVP, CFO's purchase of company stock signals confidence in the company's future performance and valuation.
• Increased insider ownership aligns management's interests more closely with those of shareholders.

Industry Context

StockSavvy.ai notes that insider purchases, especially by high-ranking executives like a CFO, are often interpreted by the market as a strong signal of management's belief in the company's intrinsic value and future prospects, potentially indicating an undervaluation or anticipated positive developments.

Related Party Transactions

• Jed W. Ballard's adult child beneficially owns 640 shares of Common Stock indirectly, acquired on January 30, 2026.

Stakeholder Impact

• Shareholders may perceive the insider purchase as a positive indicator, potentially boosting investor confidence and demand for the stock.

Key Dates

Recommendation

A seasoned investor would view the CFO's direct and indirect purchase of company stock as a strong vote of confidence in NORTHRIM BANCORP INC's future. Insider buying, particularly from a key financial executive, often precedes positive company developments or indicates a belief that the stock is undervalued, making it a compelling 'buy' signal.

Keywords

NORTHRIM BANCORP INC, NRIM, Insider Trading, Stock Purchase, CFO, Beneficial Ownership, SEC Form 4