FSFG (FSFG) director converts 34,990 shares in First Merchants merger

Rhea-AI Filing Summary

First Savings Financial Group, Inc. director Steven R. Stemler reported the disposition of 34,990 shares of common stock on February 1, 2026. The shares were converted in a merger under which each FSFG share became the right to receive 0.85 shares of First Merchants Corporation common stock, with cash paid instead of fractional shares.

After this merger-related conversion, Stemler reported beneficial ownership of 0 FSFG shares, reflecting the completion of his equity transition from FSFG to First Merchants stock.

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^*

STEMLER STEVEN 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)

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

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		34,990	D	(1)	0	D

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. 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).

	/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.
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FAQ

What insider transaction did FSFG director Steven R. Stemler report?

Steven R. Stemler reported the disposition of 34,990 FSFG common shares. The shares were not sold for cash but converted into First Merchants Corporation stock as part of a completed merger, leaving him with zero reported FSFG shares.

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

Each FSFG common share was converted into 0.85 First Merchants Corporation shares. The agreement also provided for the payment of cash instead of issuing fractional First Merchants shares, standardizing consideration across all former FSFG shareholders.

Does Steven R. Stemler still own any First Savings Financial Group (FSFG) shares?

No, Stemler reported beneficial ownership of 0 FSFG shares after the transaction. His previously held 34,990 shares were converted into First Merchants Corporation common stock under the merger terms, fully eliminating his FSFG share position.

What was the transaction date for the FSFG director’s share conversion?

The reported transaction date was February 1, 2026. On this date, Steven R. Stemler’s 34,990 FSFG common shares were converted into the right to receive First Merchants Corporation stock under the previously signed merger agreement.

Why is the price per share listed as 0.0000 in the FSFG Form 4 filing?

The price is 0.0000 because the disposition was via stock conversion, not a cash sale. Stemler’s FSFG shares were exchanged for First Merchants Corporation shares according to a fixed 0.85-for-1 merger exchange ratio, rather than sold on the market.