OLAFSON HARLEE 4

What Happened
Harlee Olafson, Chief Risk Officer of West Bancorporation (WTBA), had 6,334 restricted stock unit (RSU) shares withheld on March 25, 2026 to cover payroll taxes. The withholding value was based on a price of $23.71 per share, for a total of $150,179. This is an administrative tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: March 25, 2026 at $23.71 per share.
• Shares withheld/disposed: 6,334 shares; total value approximately $150,179.
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes:
  • F1 — Shares were withheld to pay payroll taxes due upon vesting and issuance of RSU shares on March 25, 2026.
  • F2 — Separately, 719 previously reported performance stock units did not vest because performance conditions were not met.
• Filing timeliness: Report filed March 26, 2026 for a March 25 transaction — appears timely under Form 4 rules.
• Transaction code: F indicates tax withholding/cashless share disposition to satisfy tax obligations.

Context
This was a routine tax-withholding action associated with RSU vesting (a cashless withholding), which is an administrative disposition and does not indicate an open-market sale or a personal decision to divest. For retail investors, tax withholding on vested awards should not be interpreted as a direct signal of insider sentiment about company stock.