First Savings Financial Group (FSFG) EVP’s FSFG holdings converted in merger

Rhea-AI Filing Summary

First Savings Financial Group EVP Kent L. Parisien reported the automatic conversion and cash-out of his First Savings Financial Group, Inc. common stock and stock options in connection with the company’s merger with First Merchants Corporation.

Each issued and outstanding First Savings common share was converted into the right to receive 0.85 First Merchants common shares, with cash paid instead of any fractional shares. Parisien disposed of 5,022 common shares held directly and 2,123 shares held through a 401(k) account, leaving no First Savings shares reported as beneficially owned.

In addition, stock options for 9,000, 7,500 and 3,750 First Savings shares were canceled in the merger. For each option, the holder became entitled to a cash payment equal to the number of underlying shares multiplied by the excess of a per-share cash equivalent consideration of $32.5876 over the applicable exercise price, less tax withholdings.

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

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X

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^*

Parisien Kent L.

(Last) (First) (Middle)

702 NORTH SHORE DRIVE

SUITE 300

(Street)

JEFFERSONVILLE IN 47130

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
First Savings Financial Group, Inc. [ FSFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Area President

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/01/2026		D		5,022	D	(1)	0	D
Common Stock	02/01/2026		D		2,123	D	(1)	0	I	By 401(k)

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
Stock Options	$23.02	02/01/2026		D			9,000(2)	05/18/2019	05/18/2028	Common Stock	9,000(2)	(2)	0	D
Stock Options	$26.72	02/01/2026		D			7,500(2)	11/21/2022	11/21/2031	Common Stock	7,500(2)	(2)	0	D
Stock Options	$22.49	02/01/2026		D			3,750(2)	11/21/2023	11/21/2032	Common Stock	3,750(2)	(2)	0	D

Explanation of Responses:

1. Pursuant to the Agreement and Plan of Merger, dated as of September 24, 2025, between the Issuer and First Merchants Corporation, each issued and outstanding share of Issuer common stock was converted into the right to receive 0.85 shares of First Merchants Corporation common stock (subject to the payment of cash in lieu of fractional shares).

2. This option was canceled in the merger in exchange for an amount of cash equal to the product of (i) the number of shares for which such option is exercisable and (ii) the excess of the per share cash equivalent consideration of $32.5876 over the per share exercise price of such option, less any applicable tax withholdings.

	/s/ Victor L. Cangelosi, pursuant to power of attorney	02/09/2026
	** 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).
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FAQ

What insider transaction did FSFG EVP Kent L. Parisien report?

Kent L. Parisien reported the automatic disposition of his First Savings Financial Group common stock and stock options due to the merger with First Merchants Corporation. All reported shares and options were converted or cashed out under the merger terms, leaving no FSFG holdings reported.

How were First Savings Financial Group (FSFG) shares converted in the merger?

Each issued and outstanding First Savings Financial Group common share was converted into the right to receive 0.85 shares of First Merchants Corporation common stock. Any resulting fractional shares were settled in cash, so holders received stock plus small cash adjustments where needed.

What happened to Kent L. Parisien’s common stock in FSFG?

Kent L. Parisien disposed of 5,022 First Savings common shares held directly and 2,123 shares held through a 401(k). These dispositions reflect conversion into First Merchants stock and related cash in connection with the completed merger transaction between the two institutions.

What happened to FSFG stock options held by Kent L. Parisien?

Stock options covering 9,000, 7,500 and 3,750 First Savings shares were canceled in the merger. For each grant, Parisien became entitled to cash equal to shares times the excess of $32.5876 per share over the option’s exercise price, less applicable tax withholdings.

What is the $32.5876 per-share cash equivalent mentioned in the FSFG filing?

The $32.5876 per-share cash equivalent is the value used to calculate cash payments for canceled First Savings stock options. For each option, cash equals the number of underlying shares times $32.5876 minus the option’s exercise price, subject to tax withholding requirements.

Does Kent L. Parisien report any remaining FSFG holdings after the merger?

After the merger-related transactions, the filing shows zero First Savings Financial Group common shares and zero related stock options beneficially owned. His economic interest shifted into First Merchants Corporation stock and cash as defined by the merger’s conversion and option-cashout terms.