What does the 36-share transaction in FS Bancorp (FSBW) stock represent?

The 36-share entry reflects a plan-based transaction coded as an “other acquisition or disposition.” A footnote explains these shares were purchased under the Nonqualified 2022 Stock Purchase Plan and include a 25% company match, rather than being an open-market trade.

What is the price involved in Shana Allen’s latest FS Bancorp (FSBW) share transaction?

The reported 36-share transaction used a price of $41.37 per FS Bancorp Common Stock share. This price is tied specifically to the plan-related transaction under the Nonqualified 2022 Stock Purchase Plan noted in the Form 4 and does not describe broader market trading.

FS Bancorp (FSBW) CIO records 36-share stock plan purchase

Q: What insider activity did FS Bancorp (FSBW) report for Shana Allen?

FS Bancorp reported a small equity plan transaction by CIO and EVP Shana Allen. She recorded 36 shares of Common Stock at $41.37 per share under the Nonqualified 2022 Stock Purchase Plan, along with updated direct and ESOP-related holdings as of May 6, 2026.

Q: How many FS Bancorp (FSBW) shares does Shana Allen hold directly and indirectly?

The filing lists separate direct and indirect holdings for Shana Allen. It shows 8,766 shares of Common Stock held indirectly through an ESOP and 6,439 shares held directly in a separate account, based on the positions reported as of May 6, 2026.

Q: How are ESOP holdings reported for FS Bancorp (FSBW) insider Shana Allen?

Allen’s ESOP holdings are shown as indirect ownership . The Form 4 identifies 8,766 shares of Common Stock held “By ESOP,” indicating they are connected to an employee stock ownership plan rather than being directly held in a standard brokerage or personal account.

Q: Does the FS Bancorp (FSBW) Form 4 indicate large insider buying or selling?

The Form 4 reflects routine, small-scale plan activity rather than major open-market buying or selling. It highlights a 36-share plan transaction and updated holdings, suggesting an administrative update to equity positions instead of a sizable directional trade in the company’s stock.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

FS Bancorp, Inc. Chief Information Officer and EVP Shana Allen reported updated holdings of Common Stock as of May 6, 2026. The filing records a small transaction of 36 shares at $41.37 per share under the issuer's Nonqualified 2022 Stock Purchase Plan, which includes a 25% match.

The report also shows 8,766 shares held indirectly through an ESOP and 6,439 shares held directly in another account, providing a snapshot of Allen's current equity exposure rather than a discretionary open-market trade.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Allen Shana

Role Chief Information Officer, EVP

Type	Security	Shares	Price	Value
Other	Common Stock	36	$41.37	$1K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 320 shares (Direct, null); Common Stock — 8,766 shares (Indirect, By ESOP)

Footnotes (1)

[object Object]

Key Figures

Plan transaction size: 36 shares Plan transaction price: $41.37 per share Indirect ESOP holdings: 8,766 shares +2 more

5 metrics

Plan transaction size 36 shares Common Stock under Nonqualified 2022 Stock Purchase Plan

Plan transaction price $41.37 per share Price for 36-share plan transaction on May 6, 2026

Indirect ESOP holdings 8,766 shares Common Stock held indirectly by ESOP as of May 6, 2026

Direct holdings (account entry) 6,439 shares Common Stock held directly in a separate account as of May 6, 2026

Direct holdings after plan transaction row 320 shares Common Stock direct total following the 36-share entry on May 6, 2026

Key Terms

Nonqualified 2022 Stock Purchase Plan, ESOP, Form 4, transaction code J, +1 more

5 terms

Nonqualified 2022 Stock Purchase Plan financial

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

ESOP financial

"total_shares_following_transaction 8766.0000, 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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4): { "issuerName": "FS Bancorp, Inc.""

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

transaction code J financial

"transaction_code J, transaction_code_description Other acquisition or disposition"

employee stock ownership plan financial

"By ESOP indicates holdings through an employee stock ownership plan structure"

An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 01:07 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^*

Allen Shana

(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)
	Chief Information 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⁾		36	A	$41.37	320	D
Common Stock								6,439	D
Common Stock								8,766	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/ Shana Allen	05/07/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did FS Bancorp (FSBW) report for Shana Allen?

FS Bancorp reported a small equity plan transaction by CIO and EVP Shana Allen. She recorded 36 shares of Common Stock at $41.37 per share under the Nonqualified 2022 Stock Purchase Plan, along with updated direct and ESOP-related holdings as of May 6, 2026.

How many FS Bancorp (FSBW) shares does Shana Allen hold directly and indirectly?

The filing lists separate direct and indirect holdings for Shana Allen. It shows 8,766 shares of Common Stock held indirectly through an ESOP and 6,439 shares held directly in a separate account, based on the positions reported as of May 6, 2026.

How are ESOP holdings reported for FS Bancorp (FSBW) insider Shana Allen?

Allen’s ESOP holdings are shown as indirect ownership. The Form 4 identifies 8,766 shares of Common Stock held “By ESOP,” indicating they are connected to an employee stock ownership plan rather than being directly held in a standard brokerage or personal account.

Does the FS Bancorp (FSBW) Form 4 indicate large insider buying or selling?

The Form 4 reflects routine, small-scale plan activity rather than major open-market buying or selling. It highlights a 36-share plan transaction and updated holdings, suggesting an administrative update to equity positions instead of a sizable directional trade in the company’s stock.