FS Bancorp (FSBW) CIO Shana Allen buys 39 shares under 2022 plan

Rhea-AI Filing Summary

FS Bancorp, Inc. executive Shana Allen, Chief Information Officer and Executive Vice President, reported buying 39 shares of common stock on 11/06/2025 at $38.01 per share. The shares were purchased under the company’s Nonqualified 2022 Stock Purchase Plan, which includes a 25% matching component.

Following this transaction, Allen beneficially owned 249 shares of FS Bancorp common stock directly. This Form 4/A also corrects a prior filing that had mistakenly reported 248 shares, clarifying the accurate post-transaction direct holding as 249 shares.

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

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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^*

Allen Shana

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Information Officer, EVP

3. Date of Earliest Transaction (Month/Day/Year)
11/06/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
11/10/2025

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	11/06/2025		J(1)		39	A	$38.01	249(2)	D
Common Stock								6,439	D
Common Stock								8,766	I	By ESOP

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:

1. These shares were purchased under the Issuer's Nonqualified 2022 Stock Purchase Plan and includes a 25% match.

2. This Form 4/A amends and corrects the Form filed on November 10, 2025. The number of shares should be 249 rather than 248 as previously reported.

	/s/Shana Allen	02/09/2026
	** 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 transaction did FSBW report for FS Bancorp executive Shana Allen?

FS Bancorp reported that executive Shana Allen purchased 39 shares of common stock. The transaction occurred on November 6, 2025, and was executed at a price of $38.01 per share under the company’s Nonqualified 2022 Stock Purchase Plan, which includes a 25% matching feature.

At what price were the FS Bancorp (FSBW) shares purchased in this Form 4/A?

The reported FS Bancorp shares were purchased at $38.01 per share. This price applied to 39 shares acquired by executive Shana Allen on November 6, 2025, through the company’s Nonqualified 2022 Stock Purchase Plan, which provides a 25% company match on purchases.

How many FS Bancorp shares does Shana Allen own directly after the reported transaction?

After the reported transaction, Shana Allen beneficially owned 249 FS Bancorp common shares directly. The Form 4/A filing specifically notes that this corrects a previous report, which had mistakenly shown 248 shares instead of the accurate 249-share direct holding figure.

Why is this FS Bancorp (FSBW) Form 4 filing labeled as an amendment (/A)?

The Form 4 is labeled as an amendment because it corrects a previously filed report. The earlier filing from November 10, 2025 stated 248 directly held shares, while this amendment clarifies the correct post-transaction amount is 249 shares beneficially owned directly by Shana Allen.

What is the Nonqualified 2022 Stock Purchase Plan mentioned in the FS Bancorp filing?

The Nonqualified 2022 Stock Purchase Plan is the program through which Shana Allen purchased shares. The filing notes that the reported shares were acquired under this plan and that the amount includes a 25% match, indicating the company contributes additional shares based on purchases.

What is Shana Allen’s role at FS Bancorp (FSBW) according to the Form 4/A?

According to the Form 4/A, Shana Allen serves as an officer of FS Bancorp. Her specific title is Chief Information Officer and Executive Vice President, and the filing reports her beneficial ownership and recent acquisition of company common stock under a stock purchase plan.