FS Bancorp (FSBW) chair logs 212-share plan transaction and 78,485 held via trust

Rhea-AI Filing Summary

FS Bancorp, Inc. Chairman of the Board Ted A. Leech reported an insider transaction involving the company’s common stock. On May 6, 2026, he recorded an “other” transaction (code J) for 212 shares at $41.37 per share, which the footnote explains were purchased under the issuer’s Nonqualified 2022 Stock Purchase Plan that includes a 25% match. Following this transaction, he directly holds 423 shares and indirectly holds 78,485 shares through a self-managed trust.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Leech Ted A.

Role null

Type	Security	Shares	Price	Value
Other	Common Stock	212	$41.37	$9K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 423 shares (Direct, null); Common Stock — 78,485 shares (Indirect, Through Self-Managed Trust)

Footnotes (1)

1. [object Object]

Key Figures

Other transaction shares: 212 shares Transaction price: $41.37 per share Direct holdings after transaction: 423 shares +1 more

4 metrics

Other transaction shares 212 shares Code J non-derivative transaction on May 6, 2026

Transaction price $41.37 per share Price for 212-share code J transaction

Direct holdings after transaction 423 shares FS Bancorp common stock held directly by Ted A. Leech

Indirect holdings after transaction 78,485 shares Held through self-managed trust

Key Terms

Nonqualified 2022 Stock Purchase Plan, transaction code J, self-managed trust, indirect ownership

4 terms

Nonqualified 2022 Stock Purchase Plan financial

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

transaction code J regulatory

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

self-managed trust financial

"nature_of_ownership": "Through Self-Managed Trust""

indirect ownership financial

""direct_or_indirect": "I", "ownership_type": "indirect""

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^*

Leech Ted A.

(Last) (First) (Middle)

C/O FS BANCORP, INC.

6920 220TH STREET SW, SUITE 300

(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)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Chairman of the Board

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)		212	A	$41.37	423	D
Common Stock								750	D
Common Stock								78,485	I	Through Self-Managed Trust

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 includes a 25% match.

	/s/ Ted A. Leech	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)

FAQ

What did FS Bancorp (FSBW) Chairman Ted A. Leech report in this Form 4?

Ted A. Leech reported an insider transaction in FS Bancorp common stock. A code J entry shows an “other” transaction for 212 shares at $41.37 per share, tied to the company’s Nonqualified 2022 Stock Purchase Plan with a 25% match.

How many FS Bancorp (FSBW) shares were involved in Ted Leech’s latest transaction?

The Form 4 shows 212 shares of FS Bancorp common stock in a code J transaction. These shares were purchased under the Nonqualified 2022 Stock Purchase Plan, which includes a 25% company match, according to the filing’s footnote disclosure.

What is Ted Leech’s FS Bancorp (FSBW) share ownership after this Form 4?

After the reported transaction, Ted A. Leech directly holds 423 FS Bancorp common shares. He also indirectly owns 78,485 shares through a self-managed trust, giving a combined reported position across both direct and indirect holdings in the filing.

What does transaction code J mean in the FS Bancorp (FSBW) Form 4?

Transaction code J indicates an “other acquisition or disposition” rather than a standard open-market trade. In this FS Bancorp filing, the code J entry is tied to 212 shares purchased under the Nonqualified 2022 Stock Purchase Plan with a 25% match.

How were the FS Bancorp (FSBW) shares acquired in this Form 4 footnote?

The footnote states the 212 FS Bancorp shares “were purchased under the Issuer's Nonqualified 2022 Stock Purchase Plan” and that the plan includes a 25% match. This indicates a compensation-related purchase mechanism instead of a simple open-market buy order.

How much of Ted Leech’s FS Bancorp (FSBW) stake is held indirectly?

The Form 4 shows 78,485 FS Bancorp common shares held indirectly by Ted A. Leech. These are owned through a self-managed trust, while he also holds 423 shares directly in his own name according to the filing’s ownership table.