Geraldine L. Bullard Form 4 First Northwest Bancorp / Geraldine L. Bullard ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Bullard Geraldine L.

(Last) (First) (Middle)

105 WEST 8TH STEET

(Street)

PORT ANGELES WA 98362

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
First Northwest Bancorp [ FNWB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP, Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/07/2024		F		961	D	$15.69	20,151(1)	D
Common Stock	03/07/2024		A		3,929(2)	A	$15.75	24,080(3)	D
Common Stock	03/07/2024		A		2,718(2)	A	$15.75	26,798(4)	D
Common Stock								1,610	I	by ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 1,000 unvested shares of restricted stock granted under the Issuer's 2015 Equity Incentive Plan ("2015 Plan"), which will vest in full on March 7, 2025; 5,000 unvested shares of restricted stock granted under the 2015 Plan, one-half of which will vest annually beginning on May 1, 2024; and 658 unvested shares of restricted stock granted under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), which will vest in full on March 7, 2025.

2. Represents an award of shares of restricted stock under the Issuer's 2020 Plan, one-third of which will vest annually beginning on March 7, 2025.

3. Includes 1,000 unvested shares of restricted stock granted under the Issuer's 2015 Equity Incentive Plan ("2015 Plan"), which will vest in full on March 7, 2025; 5,000 unvested shares of restricted stock granted under the 2015 Plan, one-half of which will vest annually beginning on May 1, 2024; 658 unvested shares of restricted stock granted under the Issuer's 2020 Plan, which will vest in full on March 7, 2025; and 3,929 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-third of which will vest annually beginning on March 7, 2025.

4. Includes 1,000 unvested shares of restricted stock granted under the Issuer's 2015 Equity Incentive Plan ("2015 Plan"), which will vest in full on March 7, 2025; 5,000 unvested shares of restricted stock granted under the 2015 Plan, one-half of which will vest annually beginning on May 1, 2024; 658 unvested shares of restricted stock granted under the Issuer's 2020 Plan, which will vest in full on March 7, 2025; 3,929 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-third of which will vest annually beginning on March 7, 2025; and 2,817 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-third of which will vest annually beginning on March 7, 2025.

	/s/ Allison R. Mahaney, Attorney-in-Fact for Geraldine L. Bullard	03/08/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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