FS Bancorp (FSBW) EVP adds 91 shares under 2022 stock purchase plan

Rhea-AI Filing Summary

FS Bancorp, Inc. executive Victoria Jarman reported an update to her holdings of the company’s common stock. On May 6, 2026, she completed an “other” transaction involving 91 shares of common stock at $41.37 per share.

According to a footnote, these shares were purchased under the company’s Nonqualified 2022 Stock Purchase Plan and include a 25% matching component, indicating a compensation-related, non–open-market acquisition. The filing also reflects both direct and indirect ownership positions, including shares held through an ESOP.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Jarman Victoria

Role CHR & WOW! Officer, EVP

Type	Security	Shares	Price	Value
Other	Common Stock	91	$41.37	$4K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,650 shares (Direct, null); Common Stock — 6,089 shares (Indirect, By ESOP)

Footnotes (1)

1. [object Object]

Key Figures

Shares transacted: 91 shares Transaction price: $41.37/share Plan match rate: 25% match

3 metrics

Shares transacted 91 shares Common Stock, transaction code J on May 6, 2026

Transaction price $41.37/share Price for 91 FS Bancorp common shares

Plan match rate 25% match Nonqualified 2022 Stock Purchase Plan footnote

Key Terms

Nonqualified 2022 Stock Purchase Plan, ESOP, transaction code J

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."

ESOP financial

"direct_or_indirect: "I", nature_of_ownership: "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.

transaction code J financial

"transaction_code: "J", transaction_code_description: "Other acquisition or disposition""

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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^*

Jarman Victoria

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHR & WOW! Officer, EVP

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)		91	A	$41.37	1,650	D
Common Stock								21,800	D
Common Stock								6,089	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/ Victoria Jarman	05/06/2026
	** 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 transaction did Victoria Jarman report in FS Bancorp (FSBW) stock?

Victoria Jarman reported an “other” transaction in FS Bancorp common stock involving 91 shares at $41.37 per share on May 6, 2026. The activity was recorded as a non-derivative transaction on her Form 4 filing.

Was the FS Bancorp (FSBW) Form 4 transaction an open-market trade?

The Form 4 indicates the 91-share transaction was coded as “J” and described in a footnote as purchased under the Nonqualified 2022 Stock Purchase Plan. This suggests a compensation-related plan purchase, not a discretionary open-market trade.

What price did Victoria Jarman pay per share for FSBW stock in this filing?

The filing shows a transaction price of $41.37 per share for 91 shares of FS Bancorp common stock. This price applies specifically to the shares acquired under the Nonqualified 2022 Stock Purchase Plan referenced in the footnote.

How does the Nonqualified 2022 Stock Purchase Plan affect this FSBW Form 4?

The footnote states the 91 shares were purchased under the Nonqualified 2022 Stock Purchase Plan and include a 25% match. This indicates a structured, benefit-related acquisition rather than a standard market purchase, framing the transaction as part of employee compensation.

Does the FS Bancorp (FSBW) Form 4 show both direct and indirect holdings for Victoria Jarman?

Yes. The Form 4 lists direct holdings of FS Bancorp common stock and indirect holdings noted as “By ESOP.” This means some shares are held personally while others are held through an employee stock ownership plan structure.