First Business Financial (FBIZ) CIO gets stock grant with tax withholding

Rhea-AI Filing Summary

FIRST BUSINESS FINANCIAL SERVICES, INC. Chief Information Officer Daniel Ovokaitys reported two transactions in company common stock on February 16, 2026. He received a grant of 595 shares at no cost and had 406 shares withheld at $58.36 per share to cover tax obligations, leaving him with 9,381 shares held directly.

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^*

Ovokaitys Daniel

(Last) (First) (Middle)

401 CHARMANY DRIVE

(Street)

MADISON WI 53719

(City) (State) (Zip)

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 Information Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/16/2026

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

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

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

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	02/16/2026		A		595	A	$0	9,787	D
Common Stock	02/16/2026		F		406	D	$58.36	9,381	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)	02/18/2026
	** 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.

FAQ

What insider transactions did FBIZ executive Daniel Ovokaitys report?

Daniel Ovokaitys reported a stock grant and a tax-withholding disposition. He received 595 shares of FBIZ common stock at no cost, and 406 shares were withheld at $58.36 per share to satisfy tax obligations tied to the award.

How many FBIZ shares did Daniel Ovokaitys acquire in the latest Form 4?

He acquired 595 shares of FBIZ common stock through a grant. The shares were awarded at a price of $0.00 per share, reflecting an equity compensation grant rather than an open-market purchase of stock.

Why were some FBIZ shares disposed of in Daniel Ovokaitys’s Form 4?

Ovokaitys disposed of 406 FBIZ shares to cover tax obligations. The shares were withheld at $58.36 per share, recorded as a tax-withholding disposition rather than a discretionary open-market sale of the company’s stock.

What is Daniel Ovokaitys’s FBIZ share ownership after these transactions?

After the reported grant and tax-withholding disposition, Ovokaitys directly holds 9,381 FBIZ common shares. This figure reflects his updated direct ownership following both the 595-share award and the 406-share withholding transaction.

What transaction codes were used in Daniel Ovokaitys’s FBIZ Form 4?

The filing used code A for the 595-share grant, indicating a grant, award, or other acquisition, and code F for the 406-share disposition, indicating shares withheld to pay an exercise price or tax liability related to the equity award.