What are Erin Burr’s direct FS Bancorp (FSBW) share holdings after this Form 4?

After the reported transactions, Erin Burr directly holds 3,316 shares of FS Bancorp common stock under the stock purchase plan and has a separate direct holding of 27,250 shares. These direct positions reflect Burr’s ongoing equity stake as an executive officer of FS Bancorp, Inc.

FS Bancorp (NASDAQ: FSBW) executive adds shares under 2022 stock plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

FS Bancorp, Inc. executive Erin Burr, CRO & CRA Officer and EVP, reported a compensation-related stock transaction. On May 6, 2026, Burr completed an “other” transaction (code J) involving 218 shares of common stock at $41.37 per share, purchased under the company’s Nonqualified 2022 Stock Purchase Plan, which includes a 25% company match.

Following this transaction, Burr now holds 3,316 shares of common stock directly under this plan, in addition to a separate direct holding of 27,250 shares and an indirect holding of 7,875 shares through an ESOP. The filing reflects routine equity accumulation rather than an open-market trade.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Burr Erin

Role CRO & CRA Officer, EVP

Type	Security	Shares	Price	Value
Other	Common Stock	218	$41.37	$9K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,316 shares (Direct, null); Common Stock — 7,875 shares (Indirect, By ESOP)

Footnotes (1)

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Key Figures

Plan transaction shares: 218 shares Plan transaction price: $41.37 per share Direct shares after plan transaction: 3,316 shares +3 more

6 metrics

Plan transaction shares 218 shares Code J other transaction under Nonqualified 2022 Stock Purchase Plan

Plan transaction price $41.37 per share Price for 218-share plan purchase on May 6, 2026

Direct shares after plan transaction 3,316 shares Total direct common stock holdings following the 218-share transaction

Additional direct holding 27,250 shares Separate direct common stock holding reported as of May 6, 2026

Indirect ESOP holding 7,875 shares Indirect ownership of common stock held by ESOP

Restructuring-designated shares 218 shares Shares classified as restructuringShares in transaction summary

Key Terms

Nonqualified 2022 Stock Purchase Plan, ESOP, transaction code J, Other acquisition or disposition, +1 more

5 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 regulatory

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

Other acquisition or disposition regulatory

"transaction_code_description: "Other acquisition or disposition""

indirect ownership financial

"ownership_type: "indirect", ownership_code: "I""

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 12:30 PM

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^*

Burr Erin

(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)
	CRO & CRA 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2026		J⁽¹⁾		218	A	$41.37	3,316	D
Common Stock								27,250	D
Common Stock								7,875	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

	/s/ Erin Burr	05/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FS Bancorp (FSBW) report for Erin Burr?

FS Bancorp reported that executive Erin Burr completed an “other” transaction (code J) involving 218 shares of common stock at $41.37 per share. The shares were acquired through the Nonqualified 2022 Stock Purchase Plan, which includes a 25% company match, rather than via open-market trading.

How many FS Bancorp (FSBW) shares did Erin Burr acquire and at what price?

Erin Burr acquired 218 shares of FS Bancorp common stock at $41.37 per share. The filing explains these shares were purchased under the Nonqualified 2022 Stock Purchase Plan, which provides a 25% match, making this a compensation-related equity purchase instead of a market transaction.

Does Erin Burr have indirect FS Bancorp (FSBW) ownership through an ESOP?

Yes. The Form 4 shows an indirect holding of 7,875 FS Bancorp common shares attributed “By ESOP.” This indicates additional beneficial ownership through an employee stock ownership plan structure, separate from Burr’s directly held shares reported in the same filing.

What is the Nonqualified 2022 Stock Purchase Plan mentioned in FS Bancorp’s filing?

The Nonqualified 2022 Stock Purchase Plan is described as the program under which the 218 shares were purchased and includes a 25% match. This suggests a company-sponsored arrangement allowing eligible participants to buy FS Bancorp stock with an additional matching contribution component.

Was the FS Bancorp (FSBW) Form 4 transaction an open-market buy or sale?

No. The transaction is coded J, “Other acquisition or disposition,” and the footnote states the shares were purchased under the Nonqualified 2022 Stock Purchase Plan with a 25% match. This indicates a plan-based, compensation-related acquisition, not an open-market buy or sale.