[Form 4] First Savings Financial Group, Inc Insider Trading Activity

Rhea-AI Filing Summary

Padgett Martin, a director of First Savings Financial Group, Inc. (FSFG), reported insider transactions on 09/04/2025. The Form 4 shows an open-market acquisition of 750 shares of Common Stock at $22.49 per share, bringing his direct beneficial ownership to 12,293 shares including restricted stock that vests fully on November 21, 2025. The filing also discloses outstanding stock options: exercisable options covering 750, 1,500, 300, 1,500 and 750 shares with exercise prices ranging from $21.10 to $29.00 and various vesting and expiration dates. Several option grants are fully vested while others vest fully or partially by specified dates.

Insights

Financial Analyst

TL;DR: A director purchased 750 shares, modestly increasing direct ownership; multiple vested and unvested options remain outstanding.

The open-market purchase of 750 shares at $22.49 is a direct acquisition recorded on 09/04/2025 and increases the reporting person\'s direct stake to 12,293 shares, which includes restricted stock vesting 100% on 11/21/2025. The Form 4 enumerates outstanding option positions with exercise prices of $22.49, $22.12, $21.10, $26.72, and $29.00 and varying exercisability and expiration terms. From an investor-materiality perspective, the transaction size is modest relative to typical market-cap impacts but it is a concrete insider buy signal; the persistence of multiple vested options indicates ongoing compensation exposure to equity performance.

Corporate Governance Expert

TL;DR: Disclosure is clear and complete for Section 16 purposes; vesting schedules and option statuses are explicitly stated.

The Form 4 properly reports the purchase and details of derivative holdings, including vesting schedules and exercisability. Restricted stock vesting 100% on 11/21/2025 is noted and several option grants are described as fully vested. This level of disclosure meets expected governance transparency for insider transactions and allows stakeholders to assess potential future dilution from option exercises.

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

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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^*

Padgett Martin

(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)
09/04/2025

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	09/04/2025		M		750	A	$22.49	12,293(1)	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	$22.49	09/04/2025		M			750	11/21/2023	11/21/2032	Common Stock	750(2)	$0	0	D
Stock Options	$22.12							11/21/2020	11/21/2029	Common Stock	1,500(2)		1,500(2)	D
Stock Options	$21.1							11/20/2021	11/20/2030	Common Stock	300(3)		300(3)	D
Stock Options	$26.72							11/21/2022	11/21/2031	Common Stock	1,500(2)		1,500(2)	D
Stock Options	$29							11/21/2025	11/21/2034	Common Stock	750(4)		750(4)	D

Explanation of Responses:

1. Includes shares of restricted stock which vest 100% on November 21, 2025.

2. Stock options are fully vested.

3. Stock options vest at a rate of 20% per year commencing on November 20, 2021.

4. Stock options vest 100% on November 21, 2025.

	/s/ Victor L. Cangelosi, pursuant to power of attorney	09/05/2025
	** 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.

FAQ

What insider transaction did FSFG director Padgett Martin report?

The director reported an open-market purchase of 750 shares of FSFG common stock at $22.49 on 09/04/2025.

How many FSFG shares does Padgett Martin beneficially own after the transaction?

He beneficially owns 12,293 shares following the reported transaction, which includes restricted stock.

Are there stock options disclosed for the reporting person in the Form 4?

Yes. The Form 4 lists stock options exercisable for 750, 1,500, 300, 1,500 and 750 shares with exercise prices from $21.10 to $29.00 and various vesting/expiration dates.

When do the restricted shares vest according to the filing?

The restricted shares included in beneficial ownership vest 100% on November 21, 2025.

Does the Form 4 indicate whether options are vested or unvested?

Yes. The filing states certain stock options are fully vested, others vest at specified rates, and some vest 100% on specified future dates.