[Form 4] First Savings Financial Group, Inc. Insider Trading Activity
First Savings Financial Group director Fordyce L. Chris reported the disposition of 48,843 shares of common stock in connection with the company’s merger with First Merchants Corporation.
Rhea-AI Filing Summary
First Savings Financial Group director Fordyce L. Chris reported the disposition of 48,843 shares of common stock in connection with the company’s merger with First Merchants Corporation. The Form 4 shows all 48,843 shares converted, leaving him with zero First Savings shares beneficially owned after the transaction.
Under the merger agreement dated September 24, 2025, each issued and outstanding First Savings common share was converted into the right to receive 0.85 shares of First Merchants common stock, with cash paid in lieu of any fractional shares. The disposition is therefore a stock-for-stock conversion rather than an open-market sale.
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Negative
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Insights
Director’s FSFG shares were converted into First Merchants stock through a merger, not sold for cash.
This filing shows Fordyce L. Chris, a director of First Savings Financial Group, disposing of 48,843 common shares at a stated price of $0.00 per share. The footnote explains this was triggered by a merger with First Merchants Corporation, not by a discretionary sale.
Under the September 24, 2025 merger agreement, each First Savings share became the right to receive 0.85 First Merchants shares, subject to cash for fractional shares. After the February 1, 2026 conversion, the director no longer held First Savings shares, reflecting the company’s combination with First Merchants rather than a change in his overall economic interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 48,843 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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).
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