Northrim (NRIM) EVP & CCO Mark Edwards Sells 4,000 Shares

What Happened

• Mark Douglas Edwards, EVP and Chief Credit Officer of Northrim Bank, reported two sales of Northrim Bancorp common stock. He sold 2,000 shares on 2026-07-31 at $26.33 ($52,660) and another 2,000 shares on 2026-08-03 at $27.00 ($54,000), for a combined 4,000 shares and proceeds of approximately $106,660. These transactions are reported as sales (S) — routine disposition rather than a purchase signal.

Key Details

• Transaction dates & prices:
  • 2026-07-31: 2,000 shares @ $26.33 = $52,660
  • 2026-08-03: 2,000 shares @ $27.00 = $54,000
• Total sold: 4,000 shares for ~$106,660
• Transaction type: Reported as open market or private sale (S) on the Form 4
• Shares owned after the transactions: Not specified in the provided filing
• Footnote: F1 — Between 2026-04-01 and 2026-06-30, the reporting person acquired 98 shares under the Northrim 401(k) plan (based on the plan statement dated 2026-06-30)
• Filing date / timeliness: Form 4 was filed on 2026-08-03; the filing shows transactions on 2026-07-31 and 2026-08-03 and does not indicate a late filing

Context

• These were outright sales, which are often routine (e.g., portfolio rebalancing or liquidity needs) and do not by themselves indicate the insider’s view of the company’s outlook. The small 401(k) purchase noted in the footnote (98 shares) is separate and modest in size.