Matthew Deines - Mar 6, 2023 Form 4 Insider Report for First Northwest Bancorp (FNWB)

Role: President / CEO, Director
Signature: /s/ Allison R. Mahaney, Attorney-in-Fact for Matthew P. Deines
Stock symbol: FNWB
Transactions as of: Mar 6, 2023
Transactions value $: $6,397
Form type: 4
Date filed: 3/8/2023, 10:28 AM
Previous filing: Jan 10, 2023
Next filing: Mar 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FNWB	Common Stock	Purchase	$27.9K	+2K	+2.53%	$13.95	81K	Mar 6, 2023	Direct	F1
transaction	FNWB	Common Stock	Tax liability	-$21.5K	-1.55K	-1.91%	$13.90	79.5K	Mar 7, 2023	Direct	F2
holding	FNWB	Common Stock						4.09K	Mar 6, 2023	by 401(k)
holding	FNWB	Common Stock						1.95K	Mar 6, 2023	by ESOP

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

Explanation of Responses:

Id	Content
F1	Includes 19,250 shares held in an IRA account; 4,960 unvested shares of restricted stock granted under the Issuer's 2015 Equity Incentive Plan ("2015 Plan"), one-half of which will vest per year beginning on August 7, 2023; 5,840 unvested shares of restricted stock under the 2015 Plan, one-half of which will vest per year beginning January 7, 2024; 1,000 shares of restricted stock granted under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), which will vest in full on July 7, 2023; 7,666 unvested shares of restricted stock granted under the 2020 Plan, one-half of which will vest per year on March 7, 2023; and 4,413 unvested shares of restricted stock granted under the 2020 Plan, one-third of which will vest per year beginning on March 7, 2023.
F2	Includes 19,250 shares held in an IRA account; 4,960 unvested shares of restricted stock granted under the Issuer's 2015 Equity Incentive Plan ("2015 Plan"), one-half of which will vest per year beginning on August 7, 2023; 5,840 unvested shares of restricted stock under the 2015 Plan, one-half of which will vest per year beginning January 7, 2024; 1,000 unvested shares of restricted stock granted under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), which will vest in full on July 7, 2023; 3,833 unvested shares of restricted stock granted under the 2020 Plan, which will vest in full on March 7, 2024; and 2,942 unvested shares of restricted stock granted under the 2020 Plan, one-half of which will vest per year beginning on March 7, 2024.

Content

Includes 19,250 shares held in an IRA account; 4,960 unvested shares of restricted stock granted under the Issuer's 2015 Equity Incentive Plan ("2015 Plan"), one-half of which will vest per year beginning on August 7, 2023; 5,840 unvested shares of restricted stock under the 2015 Plan, one-half of which will vest per year beginning January 7, 2024; 1,000 shares of restricted stock granted under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), which will vest in full on July 7, 2023; 7,666 unvested shares of restricted stock granted under the 2020 Plan, one-half of which will vest per year on March 7, 2023; and 4,413 unvested shares of restricted stock granted under the 2020 Plan, one-third of which will vest per year beginning on March 7, 2023.

Includes 19,250 shares held in an IRA account; 4,960 unvested shares of restricted stock granted under the Issuer's 2015 Equity Incentive Plan ("2015 Plan"), one-half of which will vest per year beginning on August 7, 2023; 5,840 unvested shares of restricted stock under the 2015 Plan, one-half of which will vest per year beginning January 7, 2024; 1,000 unvested shares of restricted stock granted under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), which will vest in full on July 7, 2023; 3,833 unvested shares of restricted stock granted under the 2020 Plan, which will vest in full on March 7, 2024; and 2,942 unvested shares of restricted stock granted under the 2020 Plan, one-half of which will vest per year beginning on March 7, 2024.