[144] FS Bancorp, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice from FS Bancorp, Inc. (FSBW) shows a proposed sale and recent insider sales by Joseph C. Adams. The filer reports an intended sale of 14,646 common shares through Wells Fargo Clearing Services on 08/27/2025 with an aggregate market value of $612,621.63. The filing lists the dates and types of acquisition for shares and options granted between 2019 and 2024, including option exercises paid in cash. It also discloses four completed sales by Joseph C. Adams on 08/19–08/22/2025 totaling 22,854 shares for combined gross proceeds of $917,188.57. The signer affirms no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Routine insider sale disclosure; proposed sale and recent sales are transparent and quantified, with limited apparent market impact.

The filing documents a proposed block sale of 14,646 common shares via a broker and itemizes prior grants and option-related acquisitions from 2019–2024. Recent executed sales by the same insider total 22,854 shares generating $917,188.57 in gross proceeds. Relative to the reported 7,596,336 shares outstanding, these transactions represent a small ownership change. The filing follows Rule 144 requirements and includes the statutory attestation about undisclosed material information.

Corporate Governance Expert

TL;DR: Compliance-focused filing; disclosures align with Rule 144 and include acquisition provenance and sale details.

The document provides acquisition dates and nature (grants and stock options) for the securities being sold and specifies payment methods where applicable. The explicit listing of grant and option dates, combined with precise sale dates and proceeds, supports transparency for stakeholders assessing insider activity. No statements indicate undisclosed adverse information; the signer attests to that effect.

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	14646	612621.63	7596336	08/27/2025	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Joseph C Adams 6920 220th Street SW Mountlake Terrace WA 98043	FS Bancorp, Inc.	08/19/2025	10864	436257.43
Joseph C Adams 6920 220th Street SW Mountlake Terrace WA 98043	FS Bancorp, Inc.	08/20/2025	4914	197199.34
Joseph C Adams 6920 220th Street SW Mountlake Terrace WA 98043	FS Bancorp, Inc.	08/21/2025	6674	266987.36
Joseph C Adams 6920 220th Street SW Mountlake Terrace WA 98043	FS Bancorp, Inc.	08/22/2025	402	16744.44

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 did the Form 144 filed for FSBW disclose about proposed sales?

The filing discloses a proposed sale of 14,646 common shares via Wells Fargo Clearing Services on 08/27/2025 with aggregate market value of $612,621.63.

How many shares did Joseph C. Adams sell recently according to the filing?

The filing reports four sales by Joseph C. Adams on 08/19/2025, 08/20/2025, 08/21/2025, and 08/22/2025 totaling 22,854 shares for gross proceeds of $917,188.57.

What is the number of shares outstanding reported in the filing?

The filing lists 7,596,336 shares outstanding for the class of common stock referenced.

What types of acquisitions generated the securities being sold?

Acquisitions listed include grants from 2019–2023 and stock option related acquisitions in 2021 and 2024; some option-related transactions were paid in cash.

Does the filer assert any undisclosed material information?

Yes. The signer represents by signature that they do not know of any material adverse information about the issuer that has not been publicly disclosed.