JOSEPH M. SCHIERHORN - 15 Nov 2023 Form 4 Insider Report for NORTHRIM BANCORP INC (NRIM)

Role: President, CEO, and COO, Director
Signature: /s/ Joseph M. Schierhorn
Issuer symbol: NRIM
Transactions as of: 15 Nov 2023
Net transactions value: -$24,336
Form type: 4
Filing time: 16 Nov 2023, 12:58:40 UTC
Previous filing: 03 May 2023
Next filing: 04 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NRIM	Common Stock	Options Exercise	$135,254	+4,958	+12%	$27.28	47,674	15 Nov 2023	Direct	F1
transaction	NRIM	Common Stock	Tax liability	$159,590	-3,311	-6.9%	$48.20	44,363	15 Nov 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NRIM	Nso Employee Stock Option (Right to Buy)	Options Exercise	$0	-4,958	-100%	$0.000000^*	0	15 Nov 2023	Common Stock	4,958	$27.28	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The acquisition of the shares, as adjusted for dividends, through the exercise of the stock option under the Northrim BanCorp, Inc. Stock Option Plan is exempt pursuant to Section 16(b) of the Securities Exchange Act of 1934.