Terry A. Anderson - 01 Feb 2023 Form 4 Insider Report for First Northwest Bancorp (FNWB)

Role: EVP, Chief Credit Officer
Signature: /s/ Allison R. Mahaney, Attorney-in-Fact for Terry A. Anderson
Issuer symbol: FNWB
Transactions as of: 01 Feb 2023
Net transactions value: -$123,492
Form type: 4
Filing time: 06 Feb 2023, 17:49:06 UTC
Previous filing: 09 Dec 2022
Next filing: 08 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FNWB	Common Stock	Sale	$123,492	-8,200	-27%	$15.06	22,048	01 Feb 2023	Direct	F1, F2
holding	FNWB	Common Stock						1,747	01 Feb 2023	by ESOP

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

Explanation of Responses:

Id	Content
F1	These shares were sold in multiple transactions on the reported date with prices ranging from $15.00 to $15.27, resulting in a weighted average price of $15.0596. Upon request, the reporting person will provide to the Commission staff or a security holder of the Issuer the number of shares purchased and the purchase price for each separate transaction.
F2	Includes 5,000 unvested shares of restricted stock granted under the Issuer's 2015 Equity Incentive Plan ("2015 Plan"), which will vest in full on December 7, 2023; 1,564 unvested shares of restricted stock granted under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), which will vest in full on September 7, 2023; 3,100 unvested shares of restricted stock granted under the 2020 Plan, one-half of which will vest per year beginning on March 7, 2023; and 2,007 unvested shares of restricted stock granted under the 2020 Plan, one-third of which will vest per year beginning on March 7, 2023.

Content

These shares were sold in multiple transactions on the reported date with prices ranging from $15.00 to $15.27, resulting in a weighted average price of $15.0596. Upon request, the reporting person will provide to the Commission staff or a security holder of the Issuer the number of shares purchased and the purchase price for each separate transaction.

Includes 5,000 unvested shares of restricted stock granted under the Issuer's 2015 Equity Incentive Plan ("2015 Plan"), which will vest in full on December 7, 2023; 1,564 unvested shares of restricted stock granted under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), which will vest in full on September 7, 2023; 3,100 unvested shares of restricted stock granted under the 2020 Plan, one-half of which will vest per year beginning on March 7, 2023; and 2,007 unvested shares of restricted stock granted under the 2020 Plan, one-third of which will vest per year beginning on March 7, 2023.