FS Bancorp (FSBW) bank CEO buys 213 shares under 2022 stock plan

Rhea-AI Filing Summary

FS Bancorp, Inc. President and CEO of the bank Matthew D. Mullet acquired common stock through a company stock purchase plan. On February 6, 2026, he obtained 213 shares of common stock at $42.28 per share, reported with transaction code J.

According to the footnote, these shares were purchased under the issuer's Nonqualified 2022 Stock Purchase Plan and include a 25% match, indicating part of the reported amount reflects an employer matching component.

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
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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^*

Mullet Matthew D.

(Last) (First) (Middle)

C/O FS BANCORP, INC.

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)
	President & CEO of the Bank

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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

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	02/06/2026		J(1)		213	A	$42.28	1,404	D
Common Stock								106,340	D
Common Stock								10,853	I	By ESOP
Common Stock								5,600	I	By Spouse's IRA
Common Stock								22,124	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/Matthew D. Mullet	02/10/2026
	** 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 FS Bancorp (FSBW) report for Matthew D. Mullet?

FS Bancorp reported that bank President and CEO Matthew D. Mullet acquired 213 shares of common stock. The transaction occurred on February 6, 2026, and was reported with code J, indicating an acquisition rather than a sale or disposition.

At what price did Matthew D. Mullet acquire FS Bancorp (FSBW) shares?

Matthew D. Mullet acquired 213 FS Bancorp common shares at a price of $42.28 per share. This price reflects the value used for reporting the transaction under the company’s Nonqualified 2022 Stock Purchase Plan with a 25% matching feature.

What does the Form 4 footnote reveal about the FS Bancorp (FSBW) transaction?

The footnote explains that the reported shares were purchased under FS Bancorp’s Nonqualified 2022 Stock Purchase Plan. It also notes the transaction includes a 25% match, meaning a portion of the 213 reported shares reflects a plan-based employer match.

What is Matthew D. Mullet’s role at FS Bancorp (FSBW)?

Matthew D. Mullet is identified as an officer of FS Bancorp, serving as President and CEO of the bank. His position classifies him as a reporting person under Section 16, requiring disclosure of transactions in the company’s common stock.

How many FS Bancorp (FSBW) shares does Matthew D. Mullet hold directly after the transaction?

After the February 6, 2026 transaction, Matthew D. Mullet directly held 1,404 shares of FS Bancorp common stock in the specific direct account tied to this acquisition. Additional direct and indirect holdings are reported separately on the same Form 4.

What indirect FS Bancorp (FSBW) holdings are reported for Matthew D. Mullet?

The filing lists indirect holdings of FS Bancorp common stock for Matthew D. Mullet through an ESOP, his spouse’s IRA, and his own IRA. Each indirect account reports a separate total share balance, reflecting different forms of beneficial ownership.