First Savings Financial (NASDAQ: FSFG) COO holds 76,215 shares after option exercises

Rhea-AI Filing Summary

First Savings Financial Group’s Chief Operating Officer, Jacqueline R. Journell, reported multiple stock option exercises in common stock on January 20, 2026. She acquired 1,500 shares at $26.72, 1,500 shares at $22.49, 2,556 shares at $15.10, and 768 shares at $29.00 through option exercises coded “M.” After these transactions, she directly beneficially owned 76,215 shares of common stock and indirectly held 9,200 shares through an ESOP.

Footnotes explain that both restricted stock and stock options were originally scheduled to vest in 20% annual installments beginning on various November and April dates, but vesting was accelerated to the transaction date under an Agreement and Plan of Merger between the company and First Merchants Corporation.

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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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^*

Journell Jacqueline R

(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)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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	01/20/2026		M		1,500	A	$26.72	71,391(1)(2)(3)(4)(5)(6)	D
Common Stock	01/20/2026		M		1,500	A	$22.49	72,891(1)(2)(3)(4)(5)(6)	D
Common Stock	01/20/2026		M		2,556	A	$15.1	75,447(1)(2)(3)(4)(5)(6)	D
Common Stock	01/20/2026		M		768	A	$29	76,215(1)(2)(3)(4)(5)(6)	D
Common Stock								9,200(7)	I	By ESOP

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
Stock Options	$26.72	01/20/2026		M			$1,500(8)	11/21/2022	11/21/2031	Common Stock	1,500(8)	$0	0	D
Stock Options	$22.49	01/20/2026		M			$1,500(9)	11/21/2023	11/21/2032	Common Stock	1,500(9)	$0	0	D
Stock Options	$15.1	01/20/2026		M			$2,556(10)	11/21/2024	11/21/2033	Common Stock	2,556(10)	$0	0	D
Stock Options	$29	01/20/2026		M			$768(11)	11/21/2025	11/21/2034	Common Stock	768(11)	$0	0	D

Explanation of Responses:

1. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2022. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

2. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2023. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

3. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2024. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

4. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2025. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

5. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on April 14, 2026. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

6. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2026. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

7. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.

8. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2022. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

9. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2023. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

10. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2024. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

11. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2025. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.

	/s/ Victor L. Cangelosi, pursuant to power of attorney	01/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did FSFG’s COO report in this Form 4 filing?

FSFG’s Chief Operating Officer Jacqueline R. Journell reported exercising multiple stock options for common stock on January 20, 2026, increasing her directly held shares.

How many FSFG shares does the COO own after the reported transactions?

After the option exercises, Jacqueline R. Journell directly beneficially owned 76,215 shares of First Savings Financial Group common stock and indirectly held 9,200 shares through an ESOP.

At what prices were the FSFG stock options exercised?

The options were exercised for 1,500 shares at $26.72, 1,500 shares at $22.49, 2,556 shares at $15.10, and 768 shares at $29.00 per share.

What does transaction code "M" mean in this FSFG Form 4?

Transaction code “M” indicates the exercise or conversion of derivative securities, in this case stock options that were converted into FSFG common shares.

How are the COO’s indirect FSFG holdings structured?

The filing shows an indirect holding of 9,200 shares of common stock, listed as owned "By ESOP", indicating these shares are held through an employee stock ownership plan.

How did the merger with First Merchants Corporation affect vesting?

Footnotes state that restricted stock and stock options scheduled to vest 20% annually beginning on specified dates had their vesting accelerated to the transaction date under an Agreement and Plan of Merger with First Merchants Corporation.