FS Bancorp (FSBW) EVP Ben Crowl acquires stock under 2022 purchase plan

Rhea-AI Filing Summary

FS Bancorp, Inc. executive Ben Crowl, Chief Lending Officer and EVP, reported acquiring 17.333 shares of common stock on August 6, 2026 at $43.27 per share. The shares were purchased under the Nonqualified 2022 Stock Purchase Plan and include a 25% match. Crowl is also reported as having 986 shares held indirectly through an ESOP.

Insider Trade Summary

Net Buyer: 17.333 shares

Net Buy 3 txns

Insider Crowl Ben

Role Chief Lending Officer, EVP

Type	Security	Shares	Price	Value
Other	Common Stock F1	17.333	$43.27	$750.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 16,952.333 shares (Direct); Common Stock — 986 shares (Indirect, By ESOP)

Footnotes (1)

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

Key Figures

Shares acquired: 17.333 shares Purchase price: $43.27 per share Plan match: 25% +1 more

4 metrics

Shares acquired 17.333 shares Common stock acquired on August 6, 2026 via Nonqualified 2022 Stock Purchase Plan

Purchase price $43.27 per share Price for the 17.333 common shares acquired on August 6, 2026

Plan match 25% Shares purchased under the Nonqualified 2022 Stock Purchase Plan include a 25% match

Indirect ESOP holdings 986 shares Common stock held indirectly by ESOP attributed to Ben Crowl

Key Terms

Nonqualified 2022 Stock Purchase Plan, ESOP, indirect ownership

3 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 986.0000, 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.

indirect ownership financial

"ownership_type indirect, nature_of_ownership By ESOP"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/10/2026 - 12:37 PM Accepted by SEC EDGAR 08/10/2026 - 12:37 PM Learn about SEC filing dates

FAQ

What insider transaction did FSBW executive Ben Crowl report on August 6, 2026?

Ben Crowl reported acquiring 17.333 shares of FS Bancorp common stock on August 6, 2026 at $43.27 per share, purchased under the Nonqualified 2022 Stock Purchase Plan, which includes a 25% matching component.

How many FS Bancorp (FSBW) shares did Ben Crowl acquire and at what price?

Ben Crowl acquired 17.333 shares of FS Bancorp common stock at a price of $43.27 per share. The acquisition was made through the Nonqualified 2022 Stock Purchase Plan with a 25% match applied to the purchase.

Through what plan were Ben Crowl’s new FSBW shares purchased?

The 17.333 FS Bancorp shares were purchased under the issuer’s Nonqualified 2022 Stock Purchase Plan, and the reported amount includes a 25% match provided under the terms of that plan.

What indirect FS Bancorp (FSBW) holdings does Ben Crowl report?

Ben Crowl reports an indirect holding of 986 shares of FS Bancorp common stock held by ESOP. This reflects shares attributed to him through an employee stock ownership plan structure rather than directly held in his own name.

Was Ben Crowl’s FS Bancorp (FSBW) share acquisition under a Rule 10b5-1 plan?

The filing indicates the Rule 10b5-1 checkbox is not affirmed, while stating that the 17.333 shares were purchased under the Nonqualified 2022 Stock Purchase Plan, which is an issuer stock purchase program rather than a disclosed 10b5-1 trading plan.

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^*

Crowl Ben

(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 Lending Officer, EVP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

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	08/06/2026		J(1)		17.333	A	$43.27	163.333	D
Common Stock								16,789	D
Common Stock								986	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/ Benjamin Crowl	08/07/2026
	** 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)