First Business (NASDAQ: FBIZ) CRO reports tax-withholding share disposition

Rhea-AI Filing Summary

FIRST BUSINESS FINANCIAL SERVICES Chief Risk Officer Laura M. Garcia reported a tax-withholding disposition of 194 shares of Common Stock at $53.81 per share. The shares were used to satisfy tax obligations rather than sold in the open market. Garcia directly holds 4,648 shares after this transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Garcia Laura M.

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	194	$53.81	$10K

Holdings After Transaction: Common Stock — 4,648 shares (Direct, null)

Footnotes (1)

Key Figures

Tax-withholding shares: 194 shares Share value: $53.81 per share Post-transaction holdings: 4,648 shares

3 metrics

Tax-withholding shares 194 shares Common Stock disposed for tax withholding

Share value $53.81 per share Value used for the 194-share tax disposition

Post-transaction holdings 4,648 shares Directly held FBIZ Common Stock after disposition

Key Terms

tax-withholding disposition, Common Stock, Form 4

3 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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.

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Garcia Laura M.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Risk Officer

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		F		194	D	$53.81	4,648	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:

	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)

FAQ

What insider transaction did FBIZ executive Laura M. Garcia report?

Laura M. Garcia reported a tax-withholding disposition of 194 FBIZ common shares. The shares were delivered to cover tax obligations, not sold on the open market, and she now directly holds 4,648 shares after the transaction.

What does a tax-withholding disposition mean for FBIZ stock?

A tax-withholding disposition means shares are surrendered to cover taxes on equity compensation. It is not an open-market sale and generally reflects routine tax handling rather than a change in the executive’s view of FBIZ stock.

At what price were Laura M. Garcia’s FBIZ shares used for taxes?

The 194 FBIZ common shares involved in Laura M. Garcia’s tax-withholding disposition were valued at $53.81 per share. This price is used to calculate the tax amount satisfied through the surrendered shares.

How many FBIZ shares does Laura M. Garcia hold after this Form 4?

After the reported tax-withholding disposition, Laura M. Garcia directly holds 4,648 shares of FBIZ common stock. This figure reflects her remaining direct ownership following the 194-share tax-related disposition.

Is the FBIZ Form 4 transaction a buy or a sell?

The Form 4 shows a tax-withholding disposition, coded “F,” which is a type of share disposal used to pay taxes. It is not classified as an open-market purchase or sale of FBIZ shares.