FSFG director Czeschin exits shares as merger converts stock to First Merchants

Rhea-AI Filing Summary

First Savings Financial Group director Frank Czeschin reported the disposition of his FSFG common stock in connection with the company’s merger with First Merchants Corporation. On February 1, 2026, he disposed of 25,465 shares held directly, 30,786 shares held indirectly through an IRA, and 6,000 shares held indirectly through a trust, all at a reported price of $0.00 per share.

According to the merger agreement, each issued and outstanding FSFG share was converted into the right to receive 0.85 shares of First Merchants common stock, with cash paid instead of fractional shares. After these transactions, Czeschin reported holding 0 FSFG shares in each account.

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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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^*

Czeschin Frank

(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		25,465	D	(1)	0	D
Common Stock	02/01/2026		D		30,786	D	(1)	0	I	By IRA
Common Stock	02/01/2026		D		6,000	D	(1)	0	I	By Trust

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.
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FAQ

What insider transaction did FSFG director Frank Czeschin report?

Director Frank Czeschin reported disposing of all his First Savings Financial Group (FSFG) common stock. He recorded separate transactions for shares held directly, in an IRA, and in a trust, all tied to the closing of the merger with First Merchants Corporation.

How many FSFG shares did Frank Czeschin dispose of in total?

Frank Czeschin reported disposing of 25,465 FSFG shares held directly, 30,786 shares held indirectly through an IRA, and 6,000 shares held indirectly through a trust. All reported post-transaction balances for these FSFG holdings were zero shares in each account.

What was the reported price per FSFG share in Czeschin’s Form 4?

The Form 4 lists a transaction price of $0.00 per share for all reported FSFG stock dispositions. This reflects a non-cash conversion tied to the merger, where FSFG shares were exchanged for First Merchants Corporation stock rather than sold for cash.

Why were Frank Czeschin’s FSFG shares reported as disposed at $0.00?

The $0.00 price reflects that the FSFG shares were converted, not sold for cash. Under the merger agreement, each FSFG share became the right to receive 0.85 shares of First Merchants Corporation stock, with cash only for fractional shares, producing a non-cash disposition entry.

How were FSFG shares converted in the First Merchants merger?

Under the merger agreement dated September 24, 2025, each issued and outstanding FSFG common share was converted into the right to receive 0.85 shares of First Merchants Corporation common stock. Any fractional share amounts were settled through cash payments instead of issuing fractional First Merchants shares.

Did Frank Czeschin retain any FSFG shares after the merger conversion?

No. The Form 4 shows that after the February 1, 2026 transactions, Frank Czeschin reported zero FSFG shares directly, zero in his IRA, and zero in the trust. All previously reported FSFG holdings were converted as part of the merger with First Merchants.