First Savings Financial Group (FSFG) EVP’s options vest under merger deal

Rhea-AI Filing Summary

First Savings Financial Group EVP and CIO Basham Lenfield R. reported multiple stock option exercises in First Savings Financial Group, Inc. common stock on January 20, 2026. The options, with exercise prices of $26.72, $22.49, $15.10 and $29.00, were exercised into common shares coded as acquisitions. Following these transactions, Basham directly beneficially owns 46,205 shares of common stock and indirectly holds 7,056 shares through a 401(k) plan and 3,807 shares through an ESOP.

Footnotes explain that both restricted stock and stock options were originally scheduled to vest 20% per year on various dates beginning November 21, 2022, November 21, 2023, November 21, 2024, November 21, 2025, November 21, 2026 and April 14, 2026. Under the Agreement and Plan of Merger between the issuer and First Merchants Corporation, vesting of these awards was accelerated to the transaction date.

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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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^*

Basham Lenfield R.

(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 and CIO

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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	01/20/2026		M		7,500	A	$26.72	41,189(1)(2)(3)(4)(5)(6)	D
Common Stock	01/20/2026		M		1,500	A	$22.49	42,689(1)(2)(3)(4)(5)(6)	D
Common Stock	01/20/2026		M		2,556	A	$15.1	45,245(1)(2)(3)(4)(5)(6)	D
Common Stock	01/20/2026		M		960	A	$29	46,205(1)(2)(3)(4)(5)(6)	D
Common Stock								7,056(7)	I	By 401(k)
Common Stock								3,807(7)	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
Stock Options	$26.72	01/20/2026		M			$7,500(8)	11/21/2022	11/21/2031	Common Stock	7,500(8)	$0	0	D
Stock Options	$22.49	01/20/2026		M			$1,500(9)	11/21/2023	11/21/2032	Common Stock	1,500(9)	$0	0	D
Stock Options	$15.1	01/20/2026		M			$2,556(10)	11/21/2024	11/21/2033	Common Stock	2,556(10)	$0	0	D
Stock Options	$29	01/20/2026		M			$960(11)	11/21/2025	11/21/2034	Common Stock	960(11)	$0	0	D

Explanation of Responses:

1. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2022. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

2. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2023. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

3. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2024. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

4. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2025. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

5. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on April 14, 2026. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

6. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2026. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

7. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.

8. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2022. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

9. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2023. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

10. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2024. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

11. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2025. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

	/s/ Victor L. Cangelosi, pursuant to power of attorney	01/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did FSFG report for Basham Lenfield R.?

The filing shows that Basham Lenfield R., EVP and CIO of First Savings Financial Group, Inc., exercised multiple stock options into common stock on January 20, 2026, increasing his directly owned FSFG share holdings.

How many FSFG shares does Basham Lenfield R. own after the Form 4 transactions?

After the reported option exercises, Basham Lenfield R. beneficially owns 46,205 shares of FSFG common stock directly, plus 7,056 shares indirectly through a 401(k) and 3,807 shares indirectly through an ESOP.

What were the exercise prices of the FSFG stock options used in this Form 4?

The stock options were exercised at prices of $26.72, $22.49, $15.10 and $29.00 per share, each converting into First Savings Financial Group, Inc. common stock.

Why were FSFG restricted stock and options vesting schedules changed for this executive?

Footnotes state that restricted stock and stock options, originally scheduled to vest 20% per year from dates beginning on November 21, 2022 and April 14, 2026, had vesting accelerated to the transaction date under the Agreement and Plan of Merger between FSFG and First Merchants Corporation.

What role does Basham Lenfield R. hold at First Savings Financial Group, Inc. (FSFG)?

According to the filing, Basham Lenfield R. is an officer of First Savings Financial Group, Inc., serving as EVP and CIO, and is the reporting person for these transactions.

Are any of Basham Lenfield R.’s FSFG shares held indirectly?

Yes. The Form 4 reports indirect ownership of FSFG common stock, including 7,056 shares held "By 401(k)" and 3,807 shares held "By ESOP," in addition to his directly owned shares.