Eric D. Sipf - Nov 9, 2021 Form 4 Insider Report for First Western Financial Inc (MYFW)

Role: Director
Signature: /s/ Julie A. Courkamp, Attorney-in-Fact
Stock symbol: MYFW
Transactions as of: Nov 9, 2021
Transactions value $: -$16,078
Form type: 4
Date filed: 11/10/2021, 04:23 PM
Next filing: May 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MYFW	Common Stock	Options Exercise	$27.5K	+1.1K	+0.6%	$25.00	183K	Nov 9, 2021	Direct
transaction	MYFW	Common Stock	Sale	-$34K	-1.1K	-0.6%	$30.90	182K	Nov 9, 2021	Direct
transaction	MYFW	Common Stock	Options Exercise	$40.6K	+1.62K	+0.89%	$25.00	184K	Nov 10, 2021	Direct
transaction	MYFW	Common Stock	Sale	-$50.2K	-1.62K	-0.88%	$30.90	182K	Nov 10, 2021	Direct
holding	MYFW	Common Stock						7.09K	Nov 9, 2021	By Eric & Susan Sipf Family Foundation	F1

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	MYFW	Stock Option Right to Buy	Options Exercise	$0	-1.1K	-40.4%	$0.00	1.62K	Nov 9, 2021	Comon Stock	1.1K	$25.00	Direct	F2
transaction	MYFW	Stock Option Right to Buy	Options Exercise	$0	-1.62K	-100%	$0.00^*	0	Nov 10, 2021	Common Stock	1.62K	$25.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The reporting person serves as Chairman of the Eric & Susan Sipf Family Foundation. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F2	The stock options were granted on January 17, 2012. 20% of the options vested immediately and the remainder vested 20% annually for four years.

Content

The reporting person serves as Chairman of the Eric & Susan Sipf Family Foundation. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

The stock options were granted on January 17, 2012. 20% of the options vested immediately and the remainder vested 20% annually for four years.