FS Bancorp (FSBW) director adds shares through 2022 Nonqualified Stock Purchase Plan

Rhea-AI Filing Summary

FS Bancorp, Inc. director Joseph C. Adams reported acquiring 115.554 shares of common stock on 2026-08-06 at $43.27 per share. The footnote states these shares were purchased under the company’s Nonqualified 2022 Stock Purchase Plan and include a 25% company match. Following the transaction, an employee stock ownership plan holds 17,818 common shares indirectly attributed to him.

Insider Trade Summary

Net Buyer: 115.554 shares

Net Buy 3 txns

Insider Adams Joseph C.

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock F1	115.554	$43.27	$5K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 100,070.554 shares (Direct); Common Stock — 17,818 shares (Indirect, By ESOP)

Footnotes (1)

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

Key Figures

Shares acquired: 115.554 shares Purchase price: $43.27 per share Indirect ESOP holdings: 17,818 shares +1 more

4 metrics

Shares acquired 115.554 shares Common Stock acquired on 2026-08-06 under Nonqualified 2022 Stock Purchase Plan

Purchase price $43.27 per share Price for 115.554 acquired Common Stock shares on 2026-08-06

Indirect ESOP holdings 17,818 shares Common Stock held indirectly "By ESOP" after the reported transactions

Plan match percentage 25% Company match included in shares purchased under 2022 Nonqualified Stock Purchase Plan

Key Terms

Nonqualified 2022 Stock Purchase Plan, ESOP, Other acquisition or disposition

3 terms

Nonqualified 2022 Stock Purchase Plan financial

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

ESOP financial

"Indirect ownership with nature of ownership described as By ESOP"

An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.

Other acquisition or disposition regulatory

"transaction_code_description listed as Other acquisition or disposition"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/10/2026 - 11:06 AM Accepted by SEC EDGAR 08/10/2026 - 11:05 AM Learn about SEC filing dates

FAQ

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

Joseph C. Adams reported acquiring 115.554 shares of FS Bancorp common stock on 2026-08-06, at a price of $43.27 per share, through the company’s Nonqualified 2022 Stock Purchase Plan including a 25% match.

At what price were the newly acquired FSBW shares recorded for Joseph C. Adams?

The acquired FS Bancorp shares were recorded at $43.27 per share. This per-share price applies to the 115.554 shares reported as purchased under the Nonqualified 2022 Stock Purchase Plan on 2026-08-06.

How many FS Bancorp (FSBW) shares are indirectly held for Joseph C. Adams after this filing?

An employee stock ownership plan holds 17,818 FS Bancorp common shares indirectly for Joseph C. Adams. The filing identifies this as indirect ownership with the nature of ownership described as “By ESOP.”

Was Joseph C. Adams’s FSBW share acquisition under a stock purchase plan?

Yes. The filing notes the 115.554 shares were purchased under FS Bancorp’s Nonqualified 2022 Stock Purchase Plan and that the total includes a 25% company match to his purchase.

Does the Form 4 indicate a Rule 10b5-1 trading plan for FSBW director Joseph C. Adams?

No. The Rule 10b5-1 checkbox is shown as not checked, indicating these reported transactions were not affirmed as made under a Rule 10b5-1 trading plan in this filing.

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^*

Adams Joseph C.

(Last) (First) (Middle)

C/O FS BANCORP, INC.

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)
08/06/2026

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	08/06/2026		J(1)		115.554	A	$43.27	2,295.554	D
Common Stock								97,775	D
Common Stock								17,818	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.

	/s/ Joseph C. Adams	08/07/2026
	** 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)