FS Bancorp director acquires shares under stock plan

FS Bancorp, Inc. director Michael J. Mansfield reported an internal share transaction involving the company’s Common Stock.

Rhea-AI Filing Summary

FS Bancorp, Inc. director Michael J. Mansfield reported an internal share transaction involving the company’s Common Stock. He acquired 423 shares at $41.37 per share under the issuer’s Nonqualified 2022 Stock Purchase Plan, which includes a 25% matching component. Following this plan purchase, one reported direct account shows 5,023 shares. Separate entries show additional holdings of 69,682 directly held shares and 14,620 shares held indirectly through an IRA, highlighting that the filing primarily updates Mansfield’s ownership positions rather than reflecting an open-market trade.

Insider Trade Summary

Other: 423 shares

Other 3 txns

Insider Mansfield Michael J.

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	423	$41.37	$17K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 74,705 shares (Direct); Common Stock — 14,620 shares (Indirect, By IRA)

Footnotes (1)

1. F1. These shares were purchased under the Issuer's Nonqualified 2022 Stock Purchase Plan and includes a 25% match.

Key Figures

Plan purchase: 423 shares Purchase price: $41.37 per share Direct holdings (plan line): 5,023 shares +3 more

6 metrics

Plan purchase 423 shares Nonqualified 2022 Stock Purchase Plan

Purchase price $41.37 per share Stock purchase plan acquisition

Direct holdings (plan line) 5,023 shares Direct account following plan-related transaction

Additional direct holdings 69,682 shares Direct ownership entry as of transaction date

Indirect IRA holdings 14,620 shares Indirect ownership via IRA as of transaction date

Plan match rate 25% match Nonqualified 2022 Stock Purchase Plan feature

Key Terms

Nonqualified 2022 Stock Purchase Plan, Common Stock, IRA, Other acquisition or disposition

4 terms

Nonqualified 2022 Stock Purchase Plan financial

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

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

IRA financial

"nature_of_ownership": "By IRA""

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

Other acquisition or disposition financial

"transaction_code_description": "Other acquisition or disposition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FSBW director Michael Mansfield report?

Director Michael Mansfield reported acquiring 423 shares of FS Bancorp (FSBW) Common Stock at $41.37 per share. The shares were obtained through the company’s Nonqualified 2022 Stock Purchase Plan, which includes a 25% match, making this a compensation-related purchase.

Was Michael Mansfield’s FSBW share activity an open-market trade?

No, the reported 423-share transaction for FS Bancorp (FSBW) was made under the company’s Nonqualified 2022 Stock Purchase Plan. This plan-based acquisition, including a 25% match, is a structured, compensation-related purchase rather than a discretionary open-market buy or sell.

How many FSBW shares does Michael Mansfield hold after this filing?

After the reported transactions, one direct account for FS Bancorp (FSBW) shows 5,023 shares. Additional entries list 69,682 directly held shares and 14,620 shares held indirectly via an IRA, illustrating multiple ownership accounts reported in this Form 4.

What price was paid for the newly acquired FSBW shares?

The 423 newly acquired FS Bancorp (FSBW) Common Stock shares were recorded at a price of $41.37 per share. These were purchased under the Nonqualified 2022 Stock Purchase Plan, which also provides a 25% matching component on the acquired shares.

What does the Nonqualified 2022 Stock Purchase Plan mean for FSBW insiders?

FS Bancorp’s Nonqualified 2022 Stock Purchase Plan allows participants like directors to buy company stock, here at $41.37 per share, with a 25% match. This structure encourages insider ownership through compensation-related share purchases instead of purely open-market trades.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/08/2026 - 01:47 PM EDT Learn about SEC filing dates

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^*

Mansfield Michael J.

(Last) (First) (Middle)

C/O FS BANCORP, INC.

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)

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

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)		423	A	$41.37	5,023	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	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)