Form 4: WAFD CEO Acquires Preferred Stock Under 10b5-1 Plan

WAFD Inc.'s President and CEO, Brent J. Beardall, acquired 3,000 depositary shares of Series A Preferred Stock at $16.85 per share, executed under a Rule 10b5-1 trading plan.

Summary

• Brent J. Beardall, President & CEO and a Director of WAFD Inc. (WAFD), acquired 3,000 Depositary Shares of Series A Preferred Stock.
• The transaction occurred on December 3, 2025, at a price of $16.85 per share.
• This acquisition was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
• Following this transaction, Mr. Beardall directly beneficially owns 6,000 Depositary Shares of Series A Preferred Stock.
• Mr. Beardall also directly beneficially owns 368,124 shares of Common Stock, which includes 123,823 stock units awarded under a Supplemental Executive Retirement Plan (SERP).

Sentiment

Score: 8

Explanation: The acquisition of company stock by the President & CEO, especially under a pre-planned 10b5-1 arrangement, indicates strong insider confidence in the company's value and future prospects, which is a positive signal for investors.

Positives

• The President & CEO's acquisition of additional company stock signals confidence in WAFD Inc.'s future prospects and valuation.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-planned investment strategy rather than opportunistic timing.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance, but the insider purchase may implicitly signal management's positive outlook on the company's future performance.

Industry Context

Insider buying, particularly by a CEO, is generally viewed by the market as a positive indicator, suggesting that management believes the company's stock is undervalued or that significant positive developments are anticipated. The use of a 10b5-1 plan for the transaction is a common practice for executives to manage stock transactions in compliance with insider trading laws.

Related Party Transactions

• Brent J. Beardall, President & CEO and Director of WAFD Inc., acquired 3,000 Depositary Shares of Series A Preferred Stock from the issuer.

Stakeholder Impact

• Shareholders may interpret the CEO's stock purchase as a positive sign of management's belief in the company's intrinsic value and future growth, potentially boosting investor confidence.

Key Dates

Recommendation

The direct acquisition of company stock by the President & CEO, Brent J. Beardall, signals strong insider confidence in WAFD Inc.'s valuation and future performance. This move, particularly when executed under a Rule 10b5-1 plan, suggests a deliberate investment decision based on a positive outlook, making the stock an attractive 'buy' for investors seeking alignment with management's conviction.

Keywords

WAFD Inc., WAFD, Insider Transaction, Form 4, Preferred Stock, CEO, Stock Acquisition, 10b5-1 Plan, Beneficial Ownership