FS Bancorp director reports 423-share plan transaction

FS Bancorp, Inc. director Pamela Marie Andrews reported compensation-related share activity rather than an open-market trade.

Rhea-AI Filing Summary

FS Bancorp, Inc. director Pamela Marie Andrews reported compensation-related share activity rather than an open-market trade. The filing shows an “other” transaction coded J involving 423 shares of Common Stock at $41.37 per share, described as purchased under the company’s Nonqualified 2022 Stock Purchase Plan and including a 25% match. After this plan transaction, one reported direct holding entry reflects 5,023 shares of Common Stock, and a separate direct holding line reflects 11,999 shares following a holding entry, illustrating her recorded ownership positions in company stock in this report.

Insider Trade Summary

Other: 423 shares

Other 2 txns

Insider Andrews Pamela Marie

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	423	$41.37	$17K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 17,022 shares (Direct)

Footnotes (1)

1. F1. These shares were purchased under the Issuer's Nonqualified 2022 Stock Purchase Plan and includes a 25% match.

Key Figures

Plan transaction shares: 423 shares Transaction price: $41.37 per share Direct holding entry: 5,023 shares +1 more

4 metrics

Plan transaction shares 423 shares Common Stock in transaction coded J under 2022 Stock Purchase Plan

Transaction price $41.37 per share Price for 423-share Common Stock plan transaction

Direct holding entry 5,023 shares Common Stock shares following the coded J transaction

Separate direct holding 11,999 shares Common Stock reported in a holding entry following transactions

Key Terms

Nonqualified 2022 Stock Purchase Plan, transaction code J, Other acquisition or disposition

3 terms

Nonqualified 2022 Stock Purchase Plan financial

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

transaction code J financial

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

Other acquisition or disposition financial

"transaction_code_description": "Other acquisition or disposition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did FS Bancorp (FSBW) report for Pamela Marie Andrews?

FS Bancorp director Pamela Marie Andrews reported an “other” transaction involving 423 shares of Common Stock. The shares were purchased under the company’s Nonqualified 2022 Stock Purchase Plan and include a 25% matching component, indicating a compensation-related event rather than an open-market trade.

How many FS Bancorp (FSBW) shares were involved in the latest Form 4 transaction?

The Form 4 reports 423 shares of FS Bancorp Common Stock in the primary coded transaction. These shares were associated with a transaction labeled J, classified as “Other acquisition or disposition,” and were purchased under the Nonqualified 2022 Stock Purchase Plan with a 25% match.

What price per share was reported for Pamela Marie Andrews’ FS Bancorp (FSBW) stock transaction?

The Form 4 lists a transaction price of $41.37 per share for 423 shares of FS Bancorp Common Stock. This price applies to the plan-related transaction coded J, which the footnote explains was executed under the Nonqualified 2022 Stock Purchase Plan with a 25% company match.

How many FS Bancorp (FSBW) shares does Pamela Marie Andrews hold after the reported transaction?

After the reported activity, one direct holding entry shows 5,023 FS Bancorp Common Stock shares. A separate holding line reports 11,999 shares following another entry. The filing presents these as distinct direct ownership positions without combining them into a single total within the document.

What does transaction code J mean in the FS Bancorp (FSBW) Form 4 for Pamela Marie Andrews?

Transaction code J in this Form 4 is described as an “Other acquisition or disposition” of Common Stock. For Pamela Marie Andrews, the 423-share transaction coded J is explained in a footnote as a plan purchase under the Nonqualified 2022 Stock Purchase Plan, including a 25% match.

Is Pamela Marie Andrews’ FS Bancorp (FSBW) transaction an open-market buy or a plan transaction?

The Form 4 indicates a plan transaction rather than an open-market buy. A footnote states the 423 shares were purchased under FS Bancorp’s Nonqualified 2022 Stock Purchase Plan and include a 25% match, highlighting a compensation-related acquisition instead of discretionary market trading.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/08/2026 - 12:52 PM EDT Learn about SEC filing dates

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 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)		423	A	$41.37	5,023	D
Common Stock								11,999	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

Explanation of Responses:

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

	/s/Pamela Marie Andrews	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)