Filing Details

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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Rule 13d-1(b)

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Rule 13d-1(c)

⌧

Rule 13d-1(d)

CUSIP No.  33751L 105

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SCHEDULE 13G

1

Name of Reporting Person
Scott C. Wylie

2

Check the Appropriate Box if a Member of a Group

(a)

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(b)

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3

SEC Use Only

4

Citizenship or Place of Organization
United States

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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
854,253 (1)

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6

Shared Voting Power
0

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7

Sole Dispositive Power
854,253 (1)

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8

Shared Dispositive Power
0

9

Aggregate Amount Beneficially Owned by Each Reporting Person
854,253 (1)

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  ◻

11

Percent of Class Represented by Amount in Row 9
10.6% (2)

12

Type of Reporting Person
IN

CUSIP No. 33751L 105

SCHEDULE 13G

Item 1.

(a)

Name of Issuer:

First Western Financial, Inc.

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(b)

Address of Issuer’s Principal Executive Offices:

1900 16th Street, Suite 1200

Denver, Colorado 80202

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Item 2.

(a)

Name of Person Filing:

Scott C. Wylie

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(b)

Address of Principal Business Officer or, if none, Residence:

Scott C. Wylie

c/o First Western Financial, Inc.

1900 16th Street, Suite 1200

Denver, Colorado 80202

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(c)

Citizenship:

Mr. Wylie is a United States citizen.

(d)

Title of Class of Securities:

Common Stock, no par value

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(e)

CUSIP Number:

33751L 105

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Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable.

CUSIP No. 33751L 105

SCHEDULE 13G

Item 4.

Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)

Amount beneficially owned: 854,253 (1)

(b)

Percent of class: 10.6% (2)

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(c)

Number of shares as to which the person has:

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(i)

Sole power to vote or to direct the vote: 854,253 (1)

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(ii)

Shared power to vote or to direct the vote: 0

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(iii)

Sole power to dispose or to direct the disposition of: 854,253 (1)

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(iv)

Shared power to dispose or to direct the disposition of: 0

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1.     Consists of (i) 706,812 shares of common stock held by Mr. Wylie, (ii) 13,941 shares of common stock held by Mr. Wylie's individual retirement account, (iii) 2,000 shares held by the Wylie Family Foundation of which Mr. Wylie serves as President and Trustee, and (iv) 131,500 shares of common stock issuable upon the exercise of stock options within 60 days of December 31, 2020.

2.     Based on the quotient obtained by dividing (a) the aggregate number beneficially owned by the Reporting Person as set forth in Row 9 by (b) 7,951,773 shares of Common Stock issued and outstanding as of December 31, 2020 as reported to Mr. Wylie by the Issuer, plus 131,500 shares of common stock issuable to Mr. Wylie upon the exercise of stock options by Mr. Wylie.

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Item 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

Item 9.

Notice of Dissolution of Group

Not applicable.

Item 10.

Certifications.

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Not applicable.

/s/ Scott C. Wylie

Scott C. Wylie