Joseph M. Schierhorn - Dec 5, 2023 Form 4 Insider Report for NORTHRIM BANCORP INC (NRIM)

Role
President, CEO, and COO, Director
Signature
/s/ Joseph M. Schierhorn
Stock symbol
NRIM
Transactions as of
Dec 5, 2023
Transactions value $
-$40,963
Form type
4
Date filed
12/6/2023, 01:10 PM
Previous filing
Dec 4, 2023
Next filing
Mar 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRIM Common Stock Options Exercise $202K +7.04K +15.95% $28.76 51.1K Dec 5, 2023 Direct F1
transaction NRIM Common Stock Tax liability -$243K -4.62K -9.04% $52.66 46.5K Dec 5, 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 -7.04K -100% $0.00* 0 Dec 5, 2023 Common Stock 7.04K $28.76 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.