First Western Financial Inc — Director's Dealing 2021

Dec 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: First Western Financial Inc (MYFW)
CIK: 0001327607
Period of Report: 2021-12-09

Reporting Person: Duncan David R (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-09	Common Stock	M	4087	$25	Acquired	38829	Direct
2021-12-09	Common Stock	S	3568	$29.70	Disposed	35261	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-09	Stock Option Right to Buy	$25	M	4087	Disposed	2022-01-17	Common Stock (4087)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13158	Indirect
Common Stock	42160	Indirect

Footnotes

F1: The reporting person has shared voting and investment control over the securities held by Electra Energy Company by through DKD, LLC, a limited liability company of which the reporting person is the sole member. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Exchange Act or for any other purpose.

F2: The reporting person is the trustee of this trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.

F3: The stock options were granted on January 17, 2012. 20% of the options vested immediately and the remainder vested 20% annually for four years.