Western Alliance Bancorporation: CLO & secretary Jessica Jarvi sold 168 shares

What happened

• Jessica Jarvi, CLO & secretary, exercised or converted derivative awards and disposed of shares to the issuer. The filing shows exercises/acquisitions of 58, 46 and 64 shares at $0.00 and matching dispositions to the issuer of 58, 46 and 64 shares at $74.35 each, totaling 168 shares for $12,490. The filing also lists three exercise/conversion entries for 58, 46 and 64 shares shown as disposed with N/A price (derivative).

Key details

• Transaction date and prices: Oct 15, 2026 — exercises/conversions (code M) for 58, 46 and 64 shares at $0.00; dispositions to issuer (code D) for 58, 46 and 64 shares at $74.35, proceeds of $4,312; $3,420; $4,758 respectively (total $12,490). Three additional derivative disposition entries (58, 46, 64) show N/A price.
• Shares owned after the transaction: not reported in this filing.
• Relevant footnotes from the filing:
  • F1: Units vest and are payable solely in cash 1/36th monthly from Mar 2024 through Feb 2027.
  • F2: Each unit is the economic equivalent of one share of Western Alliance Bancorporation common stock.
  • F3: Units vest and are payable solely in cash 1/36th monthly from Mar 2025 through Feb 2028.
  • F4: Units vest and are payable solely in cash 1/36th monthly from Mar 2026 through Feb 2029.
  • F5: Reflects shares held in the 401K Plan including employer match as of Oct 15, 2026.
• Filing timeliness: Form 4 filed Oct 19, 2026 for transactions on Oct 15, 2026 (filed within two business days).

Why it may matter

• The filing reports exercises of derivatives (code M) with shares disposed to the issuer (code D) on the same date, indicating the shares were sold or net-settled at the time of exercise.
• The filing does not show why the insider traded or why the company acted.