FS Bancorp (NASDAQ: FSBW) director acquires shares under stock purchase plan

Rhea-AI Filing Summary

FS Bancorp, Inc. director Joseph P. Zavaglia recorded a small share acquisition through a company stock purchase plan. He acquired 60 shares of common stock at $41.37 per share under the Nonqualified 2022 Stock Purchase Plan, which includes a 25% company match. After this transaction, he directly holds 727 common shares and has additional direct holdings of 6,456 shares. He also indirectly owns 9,614 shares through an IRA, giving him a modest overall equity stake aligned with the issuer’s stock-based programs rather than open-market trading.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Zavaglia Joseph P.

Role null

Type	Security	Shares	Price	Value
Other	Common Stock	60	$41.37	$2K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 727 shares (Direct, null); Common Stock — 9,614 shares (Indirect, By IRA)

Footnotes (1)

1. [object Object]

Key Figures

Plan purchase: 60 shares Purchase price: $41.37/share Direct holdings (entry 1): 727 shares +2 more

5 metrics

Plan purchase 60 shares Common Stock acquired under Nonqualified 2022 Stock Purchase Plan

Purchase price $41.37/share Price per share for 60-share plan transaction

Direct holdings (entry 1) 727 shares Common Stock directly held after plan-related transaction

Direct holdings (entry 2) 6,456 shares Additional directly held Common Stock position reported separately

Indirect IRA holdings 9,614 shares Common Stock held indirectly through IRA

Key Terms

Nonqualified 2022 Stock Purchase Plan, transaction code J, indirect ownership, IRA

4 terms

Nonqualified 2022 Stock Purchase Plan financial

"These shares were purchased under the Issuer's Nonqualified 2022 Stock Purchase Plan"

transaction code J financial

"transaction_code": "J","transaction_type": "non-derivative""

indirect ownership financial

""direct_or_indirect": "I","nature_of_ownership": "By IRA""

IRA financial

""nature_of_ownership": "By IRA""

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

Form 4 Insider Transactions: What Each Field Means →

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^*

Zavaglia Joseph P.

(Last) (First) (Middle)

C/O FS BANCORP, INC.

6920 220TH STREET SW, SUITE 300

(Street)

MOUNTLAKE TERRACE WASHINGTON 98043

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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

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

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

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	05/06/2026		J(1)		60	A	$41.37	727	D
Common Stock								6,456	D
Common Stock								9,614	I	By IRA

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.

	/s/ Joseph P. Zavaglia	05/07/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did FS Bancorp (FSBW) director Joseph P. Zavaglia report in this Form 4?

He reported a small acquisition of FS Bancorp common stock. The filing shows 60 shares obtained at $41.37 per share through the Nonqualified 2022 Stock Purchase Plan, leaving him with 727 directly held shares plus additional direct and IRA-held positions.

How many FS Bancorp (FSBW) shares did Joseph P. Zavaglia acquire and at what price?

He acquired 60 shares of FS Bancorp common stock at $41.37 per share. The transaction was coded as an “other” type and occurred under the company’s Nonqualified 2022 Stock Purchase Plan, which also provides a 25% matching component on purchases.

What are Joseph P. Zavaglia’s direct FS Bancorp (FSBW) share holdings after the reported transaction?

After the reported transaction, he directly holds 727 FS Bancorp common shares tied to the 60-share acquisition entry. A separate direct holding line shows 6,456 common shares, indicating multiple direct accounts, alongside additional indirect ownership through an IRA.

How many FS Bancorp (FSBW) shares does Joseph P. Zavaglia hold indirectly?

He holds 9,614 FS Bancorp common shares indirectly through an IRA. This indirect position is reported separately from his direct holdings in the Form 4, helping investors understand the full extent of his economic interest in the company’s stock.

What does transaction code J mean in the FS Bancorp (FSBW) Form 4 filing?

Transaction code J indicates an “other acquisition or disposition” of securities. In this case, the Form 4 notes 60 shares purchased under FS Bancorp’s Nonqualified 2022 Stock Purchase Plan, including a 25% match, distinguishing it from open-market buying or selling.

Was the FS Bancorp (FSBW) director’s transaction an open-market trade?

No, the transaction occurred under FS Bancorp’s Nonqualified 2022 Stock Purchase Plan. The footnote explains that the 60 shares were purchased through this plan and include a 25% matching component, rather than reflecting a discretionary open-market trade on an exchange.