<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2024-03-11</periodOfReport>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001962693</rptOwnerCik>
            <rptOwnerName>Terwoerds Lynn</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>105 W 8TH ST</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PORT ANGELES</rptOwnerCity>
            <rptOwnerState>WA</rptOwnerState>
            <rptOwnerZipCode>98362</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2024-03-11</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>99</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>15.71</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6424</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These shares were purchased in multiple transactions on the reported date with prices resulting in a weighted average price of $15.7067. Upon request, the reporting person will provide to the Commission staff or a security holder of the Issuer the number of shares purchased and the purchase price for each separate transaction.</footnote>
        <footnote id="F2">Includes 2,149 unvested shares of restricted stock granted under the Issuer's 2020 Equity Incentive Plan (&quot;2020 Plan&quot;), one-half of which will vest beginning on March 7, 2025, and 1,476 shares of restricted stock under the Issuer's 2020 Plan, which will vest in full on March 7, 2025.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Allison R. Mahaney, Attorney-in-Fact for Lynn Terwoerds</signatureName>
        <signatureDate>2024-03-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
