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

Role
EVP/Senior Loan Officer
Signature
/s/ Devon Camara-Soucy
Stock symbol
FNRN
Transactions as of
Aug 15, 2023
Transactions value $
$116,663
Form type
4
Date filed
8/17/2023, 06:49 PM
Previous filing
Feb 27, 2023
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FNRN Common Stock Tax liability -$117K -12.3K -13.14% $9.45 81.5K Aug 15, 2023 Direct
transaction FNRN Common Stock Options Exercise $26.2K +5.37K +7.05% $4.87 81.5K Aug 15, 2023 Direct F1
transaction FNRN Common Stock Options Exercise $23.7K +4.47K +5.81% $5.30 81.5K Aug 15, 2023 Direct F2
transaction FNRN Common Stock Options Exercise $66.7K +11.8K +16.87% $5.67 81.5K Aug 15, 2023 Direct F3
transaction FNRN Common Stock Options Exercise $24.40 +5 +0.01% $4.87 81.5K Aug 15, 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 $26.2K +5.37K $4.87 0 Aug 15, 2023 Common Stock 5.38K $4.87 Direct F4
transaction FNRN Employee Stock Option (right to purchase) Options Exercise $24.40 +5 $4.87 0 Aug 15, 2023 Common Stock 5.38K $4.87 Direct F4
transaction FNRN Employee Stock Option (right to purchase) Options Exercise $23.7K +4.47K $5.30 0 Aug 15, 2023 Common Stock 4.47K $5.30 Direct F4
transaction FNRN Employee Stock Option (right to purchase) Options Exercise $66.7K +11.8K $5.67 0 Aug 15, 2023 Common Stock 11.8K $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.