FSFG SVP logs 4,225-share merger conversion

First Savings Financial Group, Inc. officer James D. Nef reported the disposition of 4,225 shares of common stock on February 1, 2026.

Rhea-AI Filing Summary

First Savings Financial Group, Inc. officer James D. Nef reported the disposition of 4,225 shares of common stock on February 1, 2026. The shares were removed from his holdings in connection with a merger.

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

Insider Trade Summary

Disposition: 4,225 shares

Disposition 1 txn

Insider Nef James D.

Role SVP, Dir of Acctg

Type	Security	Shares	Price	Value
Disposition	Common Stock	4,225	$0.00	$0.00

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (1)

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).

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FSFG SVP James D. Nef report?

James D. Nef reported the disposition of 4,225 shares of First Savings Financial Group common stock. The shares were converted as part of a merger with First Merchants Corporation, and his reported First Savings common stock holdings fell to zero after the transaction.

Why were James D. Nef’s FSFG shares disposed of in the Form 4 filing?

The shares were disposed of because of a merger between First Savings Financial Group and First Merchants Corporation. Each First Savings share was converted into the right to receive 0.85 First Merchants share, with cash for fractional shares, eliminating his First Savings holdings.

What exchange ratio is disclosed for the FSFG and First Merchants merger?

The filing states each issued and outstanding First Savings Financial Group common share was converted into the right to receive 0.85 shares of First Merchants Corporation common stock. Any fractional share amounts were settled in cash instead of issuing partial shares.

How many FSFG shares did James D. Nef own after the merger transaction?

After the reported merger-related disposition, James D. Nef reported beneficial ownership of 0 shares of First Savings Financial Group common stock. His 4,225 shares were fully converted under the merger terms into First Merchants Corporation stock and related cash in lieu of fractional shares.

What role does James D. Nef hold at First Savings Financial Group (FSFG)?

James D. Nef is identified as an officer of First Savings Financial Group with the title “SVP, Dir of Acctg.” The Form 4 lists him as an officer, not a director or 10% owner, and reports his merger-related disposition of First Savings common stock.

Was the insider transaction in FSFG stock a market sale for cash?

No, the Form 4 shows a disposition of 4,225 shares at a reported price of $0.00 per share, tied to a merger conversion. The shares were exchanged under the merger agreement for First Merchants Corporation stock, with only fractional shares settled in cash.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/09/2026 - 03:40 PM Learn about SEC filing dates

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
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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^*

Nef James 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Dir of Acctg

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		4,225	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).
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