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First Savings (NASDAQ: FSFG) director converts 14,500 shares in First Merchants merger

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

First Savings Financial Group director Troy D. Hanke reported the conversion of all his common shares due to a merger. On February 1, 2026, he disposed of 14,500 shares of First Savings Financial Group common stock in a transaction coded as a disposition.

Under an Agreement and Plan of Merger dated September 24, 2025, each issued and outstanding First Savings Financial Group share was converted into the right to receive 0.85 shares of First Merchants Corporation common stock, with cash paid in lieu of fractional shares. Following this conversion, Hanke reported owning 0 shares of First Savings Financial Group common stock.

Positive

  • None.

Negative

  • None.
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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Hanke Troy D.

(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 14,500 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.
* 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 Troy D. Hanke report for FSFG?

Director Troy D. Hanke reported a disposition of 14,500 shares of First Savings Financial Group common stock. The shares were converted into First Merchants Corporation stock under a merger agreement, leaving him with zero FSFG shares beneficially owned after the transaction.

Why were Troy D. Hanke’s FSFG shares disposed of at a price of $0?

The reported $0 price reflects that Hanke’s 14,500 First Savings Financial Group shares were converted in a merger, not sold for cash. Each FSFG share became the right to receive 0.85 First Merchants Corporation shares, with cash only for fractional shares.

What are the merger terms affecting FSFG common shareholders like Troy D. Hanke?

Under the September 24, 2025 Agreement and Plan of Merger, each issued and outstanding First Savings Financial Group common share was converted into the right to receive 0.85 First Merchants Corporation common shares, plus cash in lieu of any fractional share amounts.

How many FSFG shares does Troy D. Hanke own after the merger conversion?

After the February 1, 2026 transaction, Troy D. Hanke reported beneficial ownership of zero First Savings Financial Group common shares. His prior holdings of 14,500 shares were fully converted into the right to receive First Merchants Corporation common stock under the merger terms.

What role does Troy D. Hanke have at First Savings Financial Group (FSFG)?

Troy D. Hanke is identified as a director of First Savings Financial Group. The Form 4 indicates his relationship to the issuer by checking the director status, and it shows his holdings in FSFG common stock were converted in connection with a merger transaction.

Did Troy D. Hanke use derivatives in this FSFG insider transaction?

No derivative securities are reported in this filing. The Form 4’s derivative securities table shows no entries, indicating the reported activity involved only non-derivative First Savings Financial Group common stock converted under the merger with First Merchants Corporation.
First Savings

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Banks - Regional
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United States
JEFFERSONVILLE