2 unchanged sentences
The Company’s common stock has been publicly traded since November 19, 2021 and is currently traded on the Nasdaq Global Market under the Symbol “FINW.”
−Removed: There were approximately 132 shareholders of record of the Company’s common stock as of December 31, 2023.
+Added: Holders of Record
+Added: There were approximately 94 shareholders of record of the Company’s common stock as of March 20, 2025.
This number does not reflect the number of persons or entities holding stock in nominee name through banks, brokerage firms or other nominees.
4 unchanged sentences
Our ability to pay dividends to our shareholders in the future will depend on regulatory restrictions, our liquidity and capital requirements, our earnings and financial condition, the general economic climate, contractual restrictions, our ability to service any equity or debt obligations senior to our common stock and other factors deemed relevant by our board of directors.
−Removed: Recent Sales of Unregistered Securities and Issuer Repurchases of Common Stock
−Removed: There were no unregistered sales of the Company’s stock during the fourth quarter of 2023 .
−Removed: The Company did not repurchase any of its shares and did not have any authorized share repurchase programs during the fourth quarter of 2023 .
−Removed: Securities Authorized for Issuance Under Equity Compensation Plans
−Removed: The following table provides information as of December 31, 2023, with respect to options outstanding and shares available for future awards under the Company’s active equity incentive plans.
−Removed: Plan Category Number of Securities to be
−Removed: Issued Upon Exercise of
−Removed: Outstanding Options
−Removed: or Restricted Stock Awards Weighted-Average Exercise
−Removed: Price of Outstanding Options
−Removed: or Restricted Stock Awards Number of Securities
−Removed: Remaining Available for
−Removed: Future Issuance under Equity
−Removed: Compensation Plans (excluding
−Removed: securities reflected in the first
−Removed: Equity compensation plans approved by security holders:
−Removed: FinWise Bancorp 2016 Stock Option Plan 113,923 $ 5.53 2,189
−Removed: FinWise Bancorp 2019 Stock Option Plan 908,527 7.18 333,853
−Removed: Equity compensation plans not approved by security holders (1)
−Removed: 250,914 5.43 NA
−Removed: Total 1,273,364 $ 6.69 336,042
−Removed: (1) Reflects (a) a grant to Kent Landvatter of 40,914 non-qualified stock options, (b) a grant to Javvis Jacobson of 60,000 non-qualified stock options, (c) a grant to James Noone of 60,000 non-qualified stock options, (d) grants to Howard Reynolds of an aggregate of 18,000 non-qualified stock options, (e) grants to Gerald E.
−Removed: Cunningham of an aggregate of 18,000 non-qualified stock options, (f) grants to Thomas E.
−Removed: Gibson of an aggregate of 18,000 non-qualified stock options, (g) grants to James N.
−Removed: Giordano of an aggregate of 18,000 non-qualified stock options, (h) grants to Jeana Hutchings of an aggregate of 9,000 non-qualified stock options and (i) grants to Lisa Ann Nievaard of an aggregate of 9,000 non-qualified stock options.
+Added: Recent Sales of Unregistered Securities and Issuer Repurchases of Equity Securities
+Added: There were no unregistered sales of the Company’s common stock during the fourth quarter of 2024 .
+Added: On March 7, 2024, we announced that the Board had authorized, effective March 6, 2024, a common stock repurchase program to purchase up to 641,832 shares of our common stock in the aggregate.
+Added: The repurchase program expires on March 31, 2026, but may be limited or terminated at any time without prior notice.
+Added: The repurchase program authorized the repurchase by us of our common stock in open market transactions, including pursuant to a trading plan in accordance with Rule 10b-18 promulgated under the Exchange Act of 1934, as amended (the “Exchange Act”), or privately negotiated transactions.
+Added: Repurchases may also be made pursuant to a trading plan under Rule 10b5-1 under the Exchange Act, which would permit shares to be repurchased when we might otherwise be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions.
+Added: The Share Repurchase Committee, designated by the Board of Directors, will determine the actual timing, number and value of any shares repurchased in its discretion depending on a variety of factors, including but not limited to, the market price and trading volume of our common stock, general market and economic conditions, the ongoing assessment of our capital needs, and applicable legal and regulatory requirements.
+Added: The repurchase program does not obligate us to purchase any particular number of shares.
+Added: There were no repurchases of our common stock during the three months ended December 31, 2024 .
+Added: At December 31, 2024 , 597,224 shares remain available for repurchase.
+Added: Equity Compensation Plan Information
+Added: For information regarding securities authorized for issuance under the Company’s equity compensation plans, see Part III, Item 12.
+Added: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.