MATTHEW DEINES - 07 Jan 2022 Form 4 Insider Report for First Northwest Bancorp (FNWB)

Role: President & CEO, Director
Signature: /s/ Allison R. Mahaney, Attorney-in-Fact, for Matthew P. Deines
Issuer symbol: FNWB
Transactions as of: 07 Jan 2022
Transactions value $: $-17,923
Form type: 4
Filing time: 10 Jan 2022, 11:31:12 UTC
Previous filing: 10 Aug 2021
Next filing: 09 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FNWB	Common Stock	Tax liability	$-17,923	-879	-1.21%	$20.39	72,016	07 Jan 2022	Direct	F1
holding	FNWB	Common Stock						2,687	07 Jan 2022	by 401(k)

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

Explanation of Responses:

Id	Content
F1	Includes 12,000 shares held in an IRA account; 7,440 unvested shares of restricted stock granted under the Issuer's 2015 Equity Incentive Plan ("2015 Plan"), one-third of which will vest per year beginning on August 7, 2022; 8,760 unvested shares of restricted stock under the 2015 Plan, one-third of which will vest per year beginning January 7, 2023; 2,000 unvested restricted shares granted under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), one-half of which will vest per year beginning on July 7, 2022; and 11,499 unvested restricted shares granted under the 2020 Plan, one-third of which will vest per year beginning March 7, 2022.

Content

Includes 12,000 shares held in an IRA account; 7,440 unvested shares of restricted stock granted under the Issuer's 2015 Equity Incentive Plan ("2015 Plan"), one-third of which will vest per year beginning on August 7, 2022; 8,760 unvested shares of restricted stock under the 2015 Plan, one-third of which will vest per year beginning January 7, 2023; 2,000 unvested restricted shares granted under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), one-half of which will vest per year beginning on July 7, 2022; and 11,499 unvested restricted shares granted under the 2020 Plan, one-third of which will vest per year beginning March 7, 2022.