Thomas Linda C 4

What Happened

• Linda C. Thomas, a director of Northrim Bancorp, was granted 1,456 restricted stock units (RSUs) on June 1, 2026. The RSUs were awarded for no consideration (price $0) and are reported as a derivative award (transaction code A). These RSUs represent a contingent right to receive one share of Northrim common stock per unit.

Key Details

• Transaction date: 2026-06-01; Filing date: 2026-06-02.
• Amount: 1,456 RSUs; Grant price: $0 (awarded for no consideration).
• Vesting: 100% vests one year from the grant date (June 1, 2027) per footnote; each RSU converts to one share upon vesting.
• Shares owned after transaction: Not disclosed in this filing.
• Transaction type/code: Award/Grant (derivative RSUs). No sale or open-market purchase occurred.
• Footnotes: F1 = each RSU equals one share upon settlement; F2 = 100% vesting one year from grant; F3 = award granted for no consideration.
• Timeliness: Filing appears timely (transaction reported the next business day).

Context

• RSU awards to directors are commonly used as compensation and are subject to vesting; they do not represent immediate purchases or sales. Because these RSUs vest in the future, they represent potential future dilution if settled in shares but do not indicate an immediate market disposition by the insider.