First Savings Financial (FSFG) risk chief reports insider stock move

Rhea-AI Filing Summary

First Savings Financial Group EVP and Chief Risk Officer James W. Nelson reported a common stock transaction in the company. On January 20, 2026, a transaction coded "F" involved 2,035 shares of common stock at $31.85 per share, leaving him with 7,988 common shares held directly after the event. The filing also lists several stock option awards with exercise prices between $15.10 and $29.00, covering 7,500, 3,750, 4,250, and 960 underlying common shares with expiration dates from November 21, 2031 through November 21, 2034. Footnotes explain that both restricted stock and stock options that were originally scheduled to vest at 20% per year had their vesting accelerated to the transaction date pursuant to the Agreement and Plan of Merger between First Savings Financial Group and First Merchants Corporation.

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^*

Nelson James W

(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 Chief Risk Officer

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		F		2,035	D	$31.85	7,988(1)(2)(3)(4)(5)(6)	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
Stock Options	$26.72							11/21/2022	11/21/2031	Common Stock	7,500(7)		7,500(7)	D
Stock Options	$22.49							11/21/2023	11/21/2032	Common Stock	3,750(8)		3,750(8)	D
Stock Options	$15.1							11/21/2024	11/21/2033	Common Stock	4,250(9)		4,250(9)	D
Stock Options	$29							11/21/2025	11/21/2034	Common Stock	960(10)		960(10)	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. 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.

8. 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.

9. 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.

10. 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 EVP and Chief Risk Officer James W. Nelson report?

The filing shows that James W. Nelson, EVP and Chief Risk Officer of First Savings Financial Group (FSFG), reported a common stock transaction on January 20, 2026. A transaction coded "F" covered 2,035 shares of common stock at $31.85 per share, after which he directly held 7,988 common shares.

How many FSFG shares does James W. Nelson own after this Form 4 transaction?

After the reported transaction on January 20, 2026, James W. Nelson is shown as beneficially owning 7,988 shares of First Savings Financial Group common stock, held in direct ownership.

What stock options for FSFG does James W. Nelson hold according to this Form 4?

The filing lists multiple stock option awards held directly by James W. Nelson. These include options with exercise prices of $26.72 on 7,500 shares, $22.49 on 3,750 shares, $15.10 on 4,250 shares, and $29.00 on 960 shares, with expiration dates ranging from November 21, 2031 to November 21, 2034.

How did the merger with First Merchants Corporation affect FSFG restricted stock and options in this filing?

Footnotes explain that certain restricted stock and stock options held by James W. Nelson were originally scheduled to vest at a rate of 20% per year starting on various dates from November 21, 2022 through November 21, 2026 and April 14, 2026. Pursuant to the Agreement and Plan of Merger between First Savings Financial Group and First Merchants Corporation, vesting for these awards was accelerated to the transaction date.

What does the transaction code "F" mean in James W. Nelsons FSFG Form 4?

The Form 4 identifies the January 20, 2026 common stock transaction as code "F" for 2,035 shares at $31.85 per share. The code itself is shown in the filing table, indicating the type of insider transaction reported for those shares.

What is James W. Nelsons role at First Savings Financial Group as disclosed in this Form 4?

The Form 4 indicates that James W. Nelson is an officer of First Savings Financial Group, serving as EVP and Chief Risk Officer, and that the filing is made by one reporting person.