Ballard Jed W 4

What Happened

• Jed W. Ballard, EVP and Chief Financial Officer of Northrim Bancorp (NRIM), made two open-market purchases on January 30, 2026. He bought 650 shares at $23.20 ($15,080) and 640 shares at $23.28 ($14,899), for a combined 1,290 shares costing approximately $29,979. These were purchases (transaction code P), which are generally considered a more bullish signal than sales.

Key Details

• Transaction dates and prices: 2026-01-30 — 650 shares @ $23.20 and 640 shares @ $23.28.
• Total value: ~$29,979 for 1,290 shares.
• Shares owned after transaction: Not specified in the provided filing details.
• Filing: Report filed with an accession date of 2026-01-30 (same day as transactions), indicating a timely Form 4 filing.
• Notable footnotes: No 10b5-1 plan, tax withholding, option exercise, gift, or award noted in the provided data.

Context

• These were open-market purchases (not option exercises or awards), meaning Ballard bought shares in the market rather than receiving them from the company. While insider purchases can signal confidence, this is a relatively small-dollar buy (~$30k) and should be weighed with other information before drawing conclusions.