First Northwest Bancorp 10-Q

Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities (a) Not applicable. (b) Not applicable. (c) The following table summarizes common stock repurchases during the three months ended March 31, 2024: Period Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Plans (2) Maximum Number of Shares that May Yet Be Repurchased Under the Plans January 1, 2024 - January 31, 2024 14,176 $ 14.07 12,477 201,655 February 1, 2024 - February 29, 2024 201,655 14.03 201,655 — March 1, 2024 - March 31, 2024 7,761 — — — Total 223,592 $ 14.03 214,132 (1) Shares repurchased by the Company during the quarter include shares acquired from restricted stock award participants in connection with the cancellation of restricted stock to pay withholding taxes upon vesting totaling 1,699 shares, 0 shares, and 7,761 shares, respectively, for the periods indicated. (2) On October 28, 2020, the Company announced that its Board of Directors had authorized the repurchase of up to an additional 1,023,420 shares of its common stock, or approximately 10% of its shares of common stock issued and outstanding as of October 27, 2020. As of March 31, 2024, a total of 1,023,420 shares, or 100.0% percent of the shares authorized in the October 2020 stock repurchase plan, have been purchased at an average cost of $15.41 per share, leaving 0 shares available for future purchases. In April 2024, the Board of Directors authorized a new buyback plan of up to 10% of shares outstanding. 50 Table of Contents Item 3. Defaults Upon Senior Securities Not applicable. Item 4. Mine Safety Disclosures Not applicable.