FBIZ (FBIZ) CEO David Seiler receives 3,815-share stock grant, lifts holdings

Rhea-AI Filing Summary

Seiler David R. reported acquisition or exercise transactions in this Form 4 filing.

FIRST BUSINESS FINANCIAL SERVICES, INC. President and CEO David R. Seiler received a grant of 3,815 shares of common stock on May 16, 2026, at no cash cost per share. After this award, he directly owns 41,187 shares. A footnote states that 27,031 shares are held by the David & Lisa Seiler Revocable Trust.

Insights

Equity compensation analyst

CEO received a routine stock grant that increases his equity stake.

President and CEO David R. Seiler was awarded 3,815 shares of common stock as a grant with a reported price of $0.0000 per share, indicating non-cash compensation. This is categorized as a grant, award, or other acquisition rather than a market purchase.

Following the award, he directly holds 41,187 shares, while a footnote notes 27,031 shares are held by the David & Lisa Seiler Revocable Trust. The filing shows no derivative positions and no sales, suggesting this is a standard equity compensation event rather than a trading signal.

Insider Trade Summary

Net Buyer: 3,815 shares

Net Buy 1 txn

Insider Seiler David R.

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,815	$0.00	$0.00

Holdings After Transaction: Common Stock — 41,187 shares (Direct)

Footnotes (1)

1. F1. 27,031 shares are held by the David & Lisa Seiler Revocable Trust.

Key Figures

Stock grant size: 3,815 shares Grant price: $0.0000 per share Direct holdings after grant: 41,187 shares +1 more

4 metrics

Stock grant size 3,815 shares Common Stock granted on May 16, 2026

Grant price $0.0000 per share Reported transaction price for stock grant

Direct holdings after grant 41,187 shares Total common shares directly owned post-transaction

Trust holdings 27,031 shares Shares held by David & Lisa Seiler Revocable Trust

Key Terms

Grant, award, or other acquisition, Form 4, Revocable Trust, Common Stock

4 terms

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Revocable Trust financial

"held by the David & Lisa Seiler Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

What did FBIZ CEO David R. Seiler report in this Form 4 filing?

David R. Seiler reported receiving a grant of 3,815 shares of FIRST BUSINESS FINANCIAL SERVICES common stock. The shares were awarded at a stated price of $0.0000 per share, indicating non-cash equity compensation rather than an open-market purchase.

How many FBIZ shares does CEO David R. Seiler hold after this grant?

After the 3,815-share grant, David R. Seiler directly holds 41,187 shares of FIRST BUSINESS FINANCIAL SERVICES common stock. In addition, a footnote states that 27,031 shares are held by the David & Lisa Seiler Revocable Trust.

Was the FBIZ CEO’s Form 4 transaction a purchase or a grant?

The Form 4 classifies the transaction as a grant, award, or other acquisition of 3,815 common shares, not an open-market purchase. The transaction code is “A,” and the reported price per share is $0.0000, consistent with stock-based compensation.

Did the FBIZ CEO sell any shares in this Form 4 filing?

No sales are reported in this Form 4. The filing shows a single acquisition transaction coded as a grant of 3,815 common shares, increasing David R. Seiler’s direct holdings to 41,187 shares, with no dispositions disclosed in the provided data.

What does the David & Lisa Seiler Revocable Trust hold in FBIZ shares?

A footnote explains that 27,031 FIRST BUSINESS FINANCIAL SERVICES shares are held by the David & Lisa Seiler Revocable Trust. This indicates a significant portion of the overall position is held through a revocable trust associated with David and Lisa Seiler.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/19/2026 - 04:18 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Seiler David R.

(Last) (First) (Middle)

401 CHARMANY DRIVE

(Street)

MADISON WISCONSIN 53719

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST BUSINESS FINANCIAL SERVICES, INC. [ FBIZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/16/2026		A		3,815	A	$0	41,187(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 27,031 shares are held by the David & Lisa Seiler Revocable Trust.

	Peter J. Wilder (pursuant to Power of Attorney filed previously)	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)