secwatch.observer — SEC 8-K summary
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Issuer:     Finwise Bancorp (FINW)
CIK:        0001856365
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001856365-24-000010
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FinWise Bancorp authorizes share repurchase of up to 641,832 shares (~5% outstanding)
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- Board authorized repurchase of up to 641,832 shares, approximately 5% of outstanding shares as of March 6, 2024.
- Program effective March 6, 2024, expires March 31, 2026; may be limited or terminated at any time.
- Repurchases may occur in open market, privately negotiated transactions, or under a Rule 10b5-1 trading plan.
- Company expects to fund repurchases with available cash; no obligation to purchase any particular number.
- CEO Kent Landvatter cites strong capitalization and solid profitability as rationale for returning capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856365/000185636524000010/0001856365-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856365/000185636524000010/finw-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001856365-24-000010

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