FS Bancorp (FSBW) director awarded stock, options and corrects share count

Rhea-AI Filing Summary

FS Bancorp, Inc. director Pamela Maria Andrews reported new equity awards and corrected a prior ownership figure. On August 15, 2025, she received 750 shares of restricted common stock under the 2018 Equity Incentive Plan, vesting on August 15, 2026.

On the same date she was granted stock options for 1,500 shares of common stock at an exercise price of $40.14, expiring on August 15, 2035, also vesting on August 15, 2026. After these transactions, she beneficially owned 11,999 shares of common stock directly and 10,500 stock options. The amended Form 4 corrects a previously reported share count of 12,000 shares to 11,999.

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^*

Andrews Pamela Marie

(Last) (First) (Middle)

6920 220TH STREET SW

(Street)

MOUNTLAKE TERRACE WA 98043

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FS Bancorp, Inc. [ FSBW ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/19/2025

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	08/15/2025		A		750	A	(1)	11,999(3)	D
Common Stock								4,186	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
Stock Options (Right to Buy)	$40.14	08/15/2025		A		1,500		(2)	08/15/2035	Common Stock	1,500	$0	10,500	D

Explanation of Responses:

1. Represents award of restricted stock pursuant to the FS Bancorp, Inc. 2018 Equity Incentive Plan. Vests on August 15, 2026.

2. Stock Options awarded pursuant to the FS Bancorp, Inc. 2018 Equity Incentive Plan. Vests on August 15, 2026.

3. The Form 4/A amends and corrects the Form filed August 19, 2025. The number of shares should be 11,999 rather than 12,000 as previously reported.

	/s/Pamela Maria Andrews	02/10/2026
	** 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 did FS Bancorp (FSBW) director Pamela Andrews report on this Form 4/A?

Pamela Maria Andrews reported equity awards and a correction to her share count. She received 750 restricted shares and 1,500 stock options, and corrected her directly owned common shares to 11,999, amending an earlier report that mistakenly showed 12,000 shares.

How many FS Bancorp (FSBW) restricted shares did Pamela Andrews receive?

She received 750 shares of restricted FS Bancorp common stock. These shares were granted under the FS Bancorp, Inc. 2018 Equity Incentive Plan and are scheduled to vest on August 15, 2026, subject to the plan’s terms and any applicable service or other conditions.

What stock options were granted to Pamela Andrews by FS Bancorp (FSBW)?

She was granted stock options covering 1,500 shares of FS Bancorp common stock at an exercise price of $40.14 per share. These options vest on August 15, 2026 and expire on August 15, 2035, reflecting a long-term equity incentive award.

How many FS Bancorp (FSBW) shares does Pamela Andrews own after these transactions?

Following the reported transactions, she beneficially owns 11,999 shares of FS Bancorp common stock directly. She also holds 10,500 stock options, giving her additional potential exposure to the company’s equity if those options are later exercised.

What correction does this amended Form 4 make for FS Bancorp (FSBW)?

The amendment corrects a previously reported share count. The Form 4 originally filed on August 19, 2025 stated that Pamela Andrews owned 12,000 shares; this filing clarifies the correct number is 11,999 directly owned common shares instead.

When do Pamela Andrews’ FS Bancorp restricted shares and options vest?

Both the 750 restricted shares and the 1,500 stock options granted to Pamela Andrews vest on August 15, 2026. Vesting reflects the date when these awards become non-forfeitable under the FS Bancorp, Inc. 2018 Equity Incentive Plan’s terms.