WALKER LOUISE A 4

What Happened

• Louise A. Walker, a director of First Northern Community Bancorp (FNRN), exercised stock options on 2026-02-12 to acquire 22,841 shares at an exercise price of $5.14 per share (total implied value ~$117,403). To cover the exercise price/tax liability, 8,046 existing shares were surrendered at $14.59 each (proceeds ~$117,391). The net result was an increase of 14,795 shares held by Walker. Transaction codes: M = option exercise (acquired), F = shares surrendered for tax/withholding (disposed).

Key Details

• Transaction date: February 12, 2026
• Option exercise: 22,841 shares @ $5.14 (value shown ~$117,403)
• Shares surrendered for taxes/covering exercise: 8,046 shares @ $14.59 (proceeds ~$117,391)
• Net shares received: +14,795
• Vesting note (from filing): these stock options vest 0% at grant and then 25% annually over 4 years.
• Filing: Form 4 filed 2026-02-17 reporting the 2/12 transactions — this appears later than the typical 2-business-day deadline for Form 4s.

Context

• This was a cashless-style exercise: Walker exercised options and used existing shares to cover the exercise price/taxes rather than selling newly acquired shares on the open market. That means the transaction resulted in a net increase in her share count (not a public sale).
• Footnotes clarify the mechanics (swapped 8,046 aged shares to obtain the 22,841 option shares, netting 14,795 additional shares) and the options’ 4-year vesting schedule. The filing contains no total post-transaction holdings in the provided summary.