FS Bancorp (FSBW) CCO boosts holdings with plan-based share purchase

Rhea-AI Filing Summary

FS Bancorp, Inc. CCO/EVP Robert A. Nesbitt recorded a small acquisition of company stock through a compensation plan. A Form 4 shows an "other" transaction of 14 shares of common stock at $41.37 per share, purchased under the issuer's Nonqualified 2022 Stock Purchase Plan, which includes a 25% match.

Following this transaction, the filing lists 211 directly held shares tied to this account, 4,347 additional directly held shares, and 1,313 indirectly held shares through an ESOP. The activity appears routine and compensation-related rather than an open‑market trade.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Nesbitt Robert A

Role CCO Officer/EVP

Type	Security	Shares	Price	Value
Other	Common Stock	14	$41.37	$579.18
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 211 shares (Direct, null); Common Stock — 1,313 shares (Indirect, By ESOP)

Footnotes (1)

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Key Figures

Plan purchase: 14 shares at $41.37 Direct holdings (plan account): 211 shares Additional direct holdings: 4,347 shares +2 more

5 metrics

Plan purchase 14 shares at $41.37 Other transaction (code J) under Nonqualified 2022 Stock Purchase Plan

Direct holdings (plan account) 211 shares Total shares following transaction in the J-code account

Additional direct holdings 4,347 shares Direct ownership line item on Form 4

Indirect ESOP holdings 1,313 shares Indirect ownership "By ESOP" following transaction

Restructuring shares 14 shares transactionSummary restructuringShares associated with code J

Key Terms

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

4 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

"total_shares_following_transaction":"1313.0000" ... "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""

Form 4 regulatory

"INSIDER FILING DATA (Form 4): {"

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.

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^*

Nesbitt Robert A

(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)
	CCO 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)		14	A	$41.37	211	D
Common Stock								4,347	D
Common Stock								1,313	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/Robert Nesbitt	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)

FAQ

What insider activity did FSBW’s Robert A. Nesbitt report on this Form 4?

Robert A. Nesbitt reported an "other" transaction involving 14 shares of FS Bancorp common stock. The shares were purchased at $41.37 under the Nonqualified 2022 Stock Purchase Plan, which includes a 25% match, indicating routine, compensation-related share accumulation.

How many FS Bancorp (FSBW) shares does Robert A. Nesbitt hold after this filing?

After the reported transaction, the Form 4 shows Nesbitt with 211 directly held shares in the plan-related account, 4,347 additional directly held shares, and 1,313 indirectly held shares through an ESOP. These figures together outline his reported ownership positions.

Was the FSBW Form 4 transaction an open-market buy or sell?

The Form 4 lists the event with code J as "other" rather than an open-market trade. A footnote explains the 14 shares were purchased under the Nonqualified 2022 Stock Purchase Plan with a 25% match, suggesting a structured, compensation-related acquisition instead of a discretionary market trade.

What price was paid for the FS Bancorp (FSBW) shares in this Form 4?

The reported transaction shows 14 shares of FS Bancorp common stock at $41.37 per share. These shares were acquired under the company’s Nonqualified 2022 Stock Purchase Plan, which also provides a 25% employer match, enhancing the effective benefit of the purchase.

What does the ESOP holding on Robert A. Nesbitt’s FSBW Form 4 represent?

The filing shows 1,313 shares of FS Bancorp common stock held indirectly "By ESOP." This means those shares are attributed to Nesbitt through an employee stock ownership plan structure, separate from his directly held share accounts noted in the same Form 4.