Finward Bancorp — Director's Dealing 2022

Feb 1, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Finward Bancorp (FNWD)
CIK: 0000919864
Period of Report: 2022-01-31

Reporting Person: Youman Robert W. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-31	Common Stock	A	16256	—	Acquired	20256	Direct

Footnotes

F1: This common stock was received in exchange for a portion of the Reporting Person's shares of Royal Financial, Inc. ("Royal Financial") common stock in connection with the merger of Royal Financial with and into Finward Bancorp ("Finward") (the "Merger"). The Reporting Person received cash for the remaining portion of the Reporting Person's Royal Financial common stock in the Merger. The exchange ratio in the Merger was 0.4609 shares of Finward common stock for each share of Royal Financial common stock (with cash in lieu paid for fractional shares). The last closing price of Royal Financial's common stock before the effective time of the Merger was $20.50 per share, and the last closing price of Finward's common stock before the effective time of the Merger was $47.75 per share.