FS Bancorp (FSBW) director adds 414 shares via 2022 stock plan

Rhea-AI Filing Summary

FS Bancorp, Inc. director Michael J. Mansfield reported a small open-market style purchase of company stock. On February 6, 2026, he acquired 414 shares of FS Bancorp common stock at $42.28 per share under the issuer's Nonqualified 2022 Stock Purchase Plan, which includes a 25% matching component.

Following this transaction, the reported account holds 4,600 shares directly. Separate holdings disclosed in the filing show an additional 69,682 shares held directly and 14,620 shares held indirectly through an IRA, indicating meaningful ongoing ownership alignment with shareholders.

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

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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^*

Mansfield Michael J.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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)		414	A	$42.28	4,600	D
Common Stock								69,682	D
Common Stock								14,620	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/Michael J. Mansfield	02/09/2026
	** 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.
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FAQ

What insider transaction did FS Bancorp (FSBW) report for director Michael J. Mansfield?

Mansfield reported buying 414 FS Bancorp shares at $42.28 each on February 6, 2026. The purchase was made under the company’s Nonqualified 2022 Stock Purchase Plan, which provides a 25% matching component on eligible share purchases.

How many FS Bancorp (FSBW) shares does Michael J. Mansfield own after this Form 4?

After the reported transaction, one direct account holds 4,600 shares. The filing also lists 69,682 additional shares held directly and 14,620 shares held indirectly through an IRA, reflecting substantial overall ownership across these disclosed positions.

What is the FS Bancorp (FSBW) Nonqualified 2022 Stock Purchase Plan mentioned in the Form 4?

The Nonqualified 2022 Stock Purchase Plan allows eligible participants to purchase FS Bancorp shares and, in this case, includes a 25% match on purchased shares. Mansfield’s 414-share acquisition was executed under this plan, enhancing his equity stake.

What was the purchase price in the latest FS Bancorp (FSBW) insider trade?

The Form 4 reports that Michael J. Mansfield acquired 414 FS Bancorp common shares at a price of $42.28 per share. This price reflects the transaction value recorded for the stock purchase under the company’s 2022 stock purchase plan.

Is Michael J. Mansfield a director or officer of FS Bancorp (FSBW) in this filing?

The Form 4 identifies Michael J. Mansfield as a director of FS Bancorp, Inc. He is not listed as an officer or 10% owner in this filing, but he does report significant direct and indirect share ownership positions.

How are IRA holdings reported for FS Bancorp (FSBW) director Michael J. Mansfield?

The filing shows 14,620 FS Bancorp shares held indirectly by Mansfield through an IRA, separate from his directly held shares. This indirect ownership is specifically labeled “By IRA” in the ownership table.