[144] FS Bancorp, Inc. SEC Filing

Rhea-AI Filing Summary

FS Bancorp, Inc. (FSBW) Form 144 shows a proposed insider sale of 10,864 shares of common stock, valued at approximately $436,257.43, to be executed on or about 08/19/2025 through Wells Fargo Clearing Services on Nasdaq. The filing lists prior acquisitions of the shares by grant dates from 2019 through 2023 (amounts 913, 1,095, 913, 856, 741) and by stock option exercises in 2021 and 2024 (18,336 and 14,646 shares respectively), with payment methods noted as cash where applicable. The filer certifies they are not aware of undisclosed material adverse information about the issuer. No securities sales by the filer in the past three months are reported.

Positive

• None.

Negative

• Insider proposes to sell 10,864 shares, introducing potential additional supply into the market

Insights

Securities Analyst

TL;DR: Insider plans a modest sale of 10,864 shares (~$436k) via a broker; transaction is a routine liquidity event rather than a company-specific disclosure.

The Form 144 notifies the SEC of a proposed sale under Rule 144 of 10,864 common shares to be executed through Wells Fargo on Nasdaq on or about 08/19/2025. The filing documents the acquisition history for the shares, including multiple prior grants and option exercises, and indicates cash payment for option-related acquisitions. The absence of reported sales in the prior three months suggests this is the first recent liquidation by the filer. This filing provides limited new information about company operations; its primary relevance is to shareholders monitoring insider selling activity and potential supply into the market.

Corporate Governance Expert

TL;DR: The notice documents an insider sale under Rule 144 with standard certifications; it raises governance transparency but no regulatory concerns.

The filing includes the required representation that the seller is not aware of undisclosed material adverse information. The acquisition table clarifies that the shares originated from issuer grants and option exercises over multiple years, which supports that the sale involves previously held, possibly vested, compensation-related securities. There are no statements of special trading plans (e.g., 10b5-1) noted in the visible text. From a governance standpoint, timely public disclosure of the proposed sale aligns with regulatory expectations and promotes transparency for investors monitoring insider activity.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
common	Wells Fargo Clearing Services 1 North Jefferson Avenue St. Louis MO 63103	10864	436257.43	7596336	08/19/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
common	08/15/2019	Grant	Issuer			913	08/15/2019	N/A
common	08/15/2020	Grant	Issuer			1095	08/15/2020	N/A
common	08/15/2021	Grant	Issuer			913	08/15/2021	N/A
common	08/15/2022	Grant	Issuer			856	08/15/2022	N/A
common	08/15/2023	Grant	Issuer			741	08/15/2023	N/A
common	08/26/2024	Stock Options	Issuer			14646	08/26/2024	Cash
common	08/11/2021	Stock Options	Issuer			18336	08/11/2021	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the FS Bancorp (FSBW) Form 144 report?

The filing reports a proposed sale of 10,864 common shares valued at about $436,257.43, to be sold on or about 08/19/2025 through Wells Fargo on Nasdaq.

Who acquired the shares listed on the Form 144 and how were they acquired?

The shares were acquired mainly through issuer grants on 08/15 of 2019–2023 and through stock option exercises on 08/11/2021 and 08/26/2024; option exercises list cash as payment.

Does the filer report any sales of FS Bancorp shares in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

What representation does the filer make about material information?

By signing, the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.

Through which broker and exchange will the sale be executed?

The sale is scheduled through Wells Fargo Clearing Services (1 North Jefferson Avenue, St. Louis, MO) on Nasdaq.