<SEC-DOCUMENT>0001437749-20-014871.txt : 20200708
<SEC-HEADER>0001437749-20-014871.hdr.sgml : 20200708
<ACCEPTANCE-DATETIME>20200708204316
ACCESSION NUMBER:		0001437749-20-014871
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200706
FILED AS OF DATE:		20200708
DATE AS OF CHANGE:		20200708

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Flodstrom David T.
		CENTRAL INDEX KEY:			0001622995

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36741
		FILM NUMBER:		201019386

	MAIL ADDRESS:	
		STREET 1:		105 WEST 8TH STREET
		CITY:			PORT ANGELES
		STATE:			WA
		ZIP:			98362

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			First Northwest Bancorp
		CENTRAL INDEX KEY:			0001556727
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
		IRS NUMBER:				461259100
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		105 WEST 8TH STREET
		CITY:			PORT ANGELES
		STATE:			WA
		ZIP:			98362
		BUSINESS PHONE:		(360) 457-0461

	MAIL ADDRESS:	
		STREET 1:		105 WEST 8TH STREET
		CITY:			PORT ANGELES
		STATE:			WA
		ZIP:			98362
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rdgdoc.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2020-07-06</periodOfReport>

    <issuer>
        <issuerCik>0001556727</issuerCik>
        <issuerName>First Northwest Bancorp</issuerName>
        <issuerTradingSymbol>FNWB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001622995</rptOwnerCik>
            <rptOwnerName>Flodstrom David T.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>105 WEST 8TH STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PORT ANGELES</rptOwnerCity>
            <rptOwnerState>WA</rptOwnerState>
            <rptOwnerZipCode>98362</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2020-07-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>792</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>12.40</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>18724</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2020-07-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1452</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>20176</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents an award of restricted shares under the issuer's 2020 Equity Incentive Plan, which will vest in full on September 22, 2020.</footnote>
        <footnote id="F2">Includes 3,600 unvested shares of restricted stock granted under the issuer's 2015 Equity Incentive Plan that will vest in full on July 6, 2021; and 1,452 unvested restricted shares granted under the issuer's 2020 Equity Incentive Plan that will vest in full on September 22, 2020.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Joyce L. Ruiz, Attorney-in-Fact for David T. Flodstrom</signatureName>
        <signatureDate>2020-07-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
