FinWise Bancorp CTO Richard Thiessens Surrenders 1,995 Shares for Taxes

What Happened

• Richard Thiessens, EVP and Chief Technology Officer of FinWise Bank (a wholly owned subsidiary of FinWise Bancorp), surrendered 1,995 shares on 2026-05-27 at $14.00 per share, a disposition valued at $27,930. The transaction is reported as code F (payment of exercise price or tax liability), meaning shares were withheld/surrendered to cover taxes tied to equity compensation.

Key Details

• Transaction date: 2026-05-27; reported on Form 4 filed 2026-05-28.
• Shares surrendered: 1,995 at $14.00 per share; total value shown: $27,930.
• Transaction code: F — tax withholding/payment related to exercise or vesting (shares were used to satisfy tax obligations).
• Shares owned after transaction: not disclosed in the information provided in this summary.
• Filing timeliness: filing was submitted the day after the transaction (not indicated as late).

Context

• This was a withholding of shares to satisfy tax obligations following equity compensation (e.g., option exercise or share vesting), not an open-market sale for cash. Such withholdings are routine administrative actions and do not necessarily indicate the insider's view on the company’s stock.