FSFG (FSFG) risk chief converts 24,448 shares into First Merchants stock

Rhea-AI Filing Summary

First Savings Financial Group executive reports share conversion following merger. EVP and Chief Risk Officer Nelson James W reported the disposition of 24,448 shares of First Savings Financial Group common stock on February 1, 2026. The transaction was recorded at a price of $0.00 per share, reflecting a corporate action rather than an open-market sale.

Under the Agreement and Plan of Merger between First Savings Financial Group and First Merchants Corporation, each issued and outstanding share of First Savings common stock 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, Nelson James W reported beneficial ownership of 0 shares of First Savings common stock.

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^*

Nelson James W

(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)
	EVP and Chief Risk Officer

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		24,448	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 FSFG executive Nelson James W report?

EVP and Chief Risk Officer Nelson James W reported a disposition of 24,448 shares of First Savings Financial Group common stock. The transaction occurred on February 1, 2026, and reflected conversion in connection with a merger, not an open-market sale.

How many FSFG shares were involved in the February 1, 2026 Form 4?

The Form 4 shows 24,448 shares of First Savings Financial Group common stock disposed of. These shares were converted under a merger agreement rather than sold for cash, and the transaction price per share was reported as $0.00.

What merger-related conversion affected FSFG shares held by the executive?

Under a merger agreement between First Savings Financial Group and First Merchants Corporation, each issued and outstanding FSFG share was converted into the right to receive 0.85 shares of First Merchants common stock. Cash was to be paid in lieu of any fractional shares created by this ratio.

Does Nelson James W still own First Savings Financial Group (FSFG) shares after this transaction?

After the reported merger-related disposition, Nelson James W reported beneficial ownership of 0 shares of First Savings Financial Group common stock. His previous holdings were converted into the right to receive First Merchants Corporation common stock under the merger terms.

Was the FSFG insider transaction a market sale or a corporate conversion?

The transaction was a corporate conversion tied to a merger, not a market sale. The disposition of 24,448 FSFG shares was reported at a price of $0.00 per share, reflecting conversion into rights to receive First Merchants Corporation stock.

What role does Nelson James W hold at First Savings Financial Group (FSFG)?

Nelson James W is identified as an officer of First Savings Financial Group, serving as Executive Vice President and Chief Risk Officer. His Form 4 filing reports how his FSFG common stock was affected by the merger with First Merchants Corporation.