Edelstein David Benjamin 4

What Happened

• David Benjamin Edelstein, EVP & Chief Innovation Officer of First Northwest Bancorp (FNWB), had 508 shares withheld/disposed to satisfy a tax liability tied to an equity event. The shares were valued at $9.97 each for a total of $5,065. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-05-07; Filing date (Form 4): 2026-05-11 (filed within required reporting window).
• Price per share: $9.97; Shares disposed: 508; Total value: $5,065.
• Transaction code: F — payment of exercise price or tax liability (share withholding to cover taxes).
• Post-transaction beneficial ownership: not specified in the provided excerpt — see the full Form 4 for holdings after this transaction.
• This was a withholding/disposition to meet tax obligations, not a typical sale indicating market-driven liquidation.

Context

• Code F typically reflects shares surrendered to the company/broker to cover taxes after an option exercise or share vesting (a cashless/tax-withholding settlement), so the insider did not execute an open-market sale of these shares.
• Such tax-withholding transactions are routine and do not necessarily indicate a change in the insider’s view of the company.