Jeffrey A. Adamski - 15 Aug 2023 Form 4 Insider Report for FIRST NORTHERN COMMUNITY BANCORP (FNRN)

Role
EVP/Senior Loan Officer
Signature
/s/ Devon Camara-Soucy
Issuer symbol
FNRN
Transactions as of
15 Aug 2023
Net transactions value
+$116,663
Form type
4
Filing time
17 Aug 2023, 18:49:50 UTC
Previous filing
27 Feb 2023
Next filing
16 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FNRN Common Stock Tax liability $116,594 -12,338 -13% $9.45 81,531 15 Aug 2023 Direct
transaction FNRN Common Stock Options Exercise $26,162 +5,372 +7.1% $4.87 81,531 15 Aug 2023 Direct F1
transaction FNRN Common Stock Options Exercise $23,712 +4,474 +5.8% $5.30 81,531 15 Aug 2023 Direct F2
transaction FNRN Common Stock Options Exercise $66,730 +11,769 +17% $5.67 81,531 15 Aug 2023 Direct F3
transaction FNRN Common Stock Options Exercise $24.35 +5 +0.01% $4.87 81,531 15 Aug 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 FNRN Employee Stock Option (right to purchase) Options Exercise $26,162 +5,372 $4.87 0 15 Aug 2023 Common Stock 5,377 $4.87 Direct F4
transaction FNRN Employee Stock Option (right to purchase) Options Exercise $24.35 +5 $4.87 0 15 Aug 2023 Common Stock 5,377 $4.87 Direct F4
transaction FNRN Employee Stock Option (right to purchase) Options Exercise $23,712 +4,474 $5.30 0 15 Aug 2023 Common Stock 4,474 $5.30 Direct F4
transaction FNRN Employee Stock Option (right to purchase) Options Exercise $66,730 +11,769 $5.67 0 15 Aug 2023 Common Stock 11,769 $5.67 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Swapped 2,768 aged shares at $9.45 for 5,372 Option shares at $4.87 to gain 2,604 shares.
F2 Swapped 2,509 aged shares at $9.45 for 4,474 Option shares at $5.30 to gain 1,965 shares.
F3 Swapped 7,061 aged shares at $9.45 for 11,769 Option shares at $5.67 to gain 4,708 shares.
F4 Stock Options granted vest 0% upon their grant and 25% annually over 4 years.