First Savings Financial (FSFG) director exercises stock options and updates holdings

Rhea-AI Filing Summary

First Savings Financial Group director Frank Czeschin reported stock option exercises and updated share holdings. On January 20, 2026, he exercised stock options to acquire 300, 1,500 and 750 shares of First Savings Financial Group, Inc. common stock at exercise prices of $21.10, $26.72 and $29.00, respectively, coded as transaction type "M" for option exercises.

Following these transactions, Czeschin directly beneficially owned 25,465 common shares. He also indirectly held 30,876 shares through an IRA and 6,000 shares through a trust. A footnote states that his holdings include restricted stock that had been scheduled to vest on November 21, 2026, but vesting was accelerated to the transaction date under the Agreement and Plan of Merger between the issuer and First Merchants Corporation. Another footnote confirms the stock options involved were fully vested.

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^*

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)
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		300	A	$21.1	23,215(1)	D
Common Stock	01/20/2026		M		1,500	A	$26.72	24,715(1)	D
Common Stock	01/20/2026		M		750	A	$29	25,465(1)	D
Common Stock								30,876	I	By IRA
Common Stock								6,000	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
Stock Options	$21.1	01/20/2026		M			$300(2)	11/20/2021	11/20/2030	Common Stock	300(2)	$0	0	D
Stock Options	$26.72	01/20/2026		M			$1,500(2)	11/21/2022	11/21/2031	Common Stock	1,500(2)	$0	0	D
Stock Options	$29	01/20/2026		M			$750(2)	11/21/2025	11/21/2034	Common Stock	750(2)	$0	0	D

Explanation of Responses:

1. Includes shares of restricted stock which were scheduled to vest 100% 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.

2. Stock options are fully vested.

	/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 insider activity did FSFG director Frank Czeschin report?

Director Frank Czeschin reported exercising stock options on January 20, 2026 to acquire 300, 1,500 and 750 shares of First Savings Financial Group, Inc. (FSFG) common stock at exercise prices between $21.10 and $29.00, coded as transaction type "M".

How many FSFG shares does Frank Czeschin own directly after these transactions?

After the reported option exercises, Frank Czeschin beneficially owned 25,465 shares of First Savings Financial Group common stock in direct form.

What indirect FSFG holdings are reported for Frank Czeschin?

The filing shows indirect ownership of 30,876 FSFG common shares held by IRA and an additional 6,000 FSFG common shares held by Trust, in addition to his direct holdings.

What were the exercise prices of the FSFG stock options used on January 20, 2026?

Czeschin exercised stock options with exercise prices of $21.10, $26.72 and $29.00 per share, each converting into FSFG common stock under transaction code "M".

What does the Form 4 say about FSFG restricted stock vesting for Frank Czeschin?

A footnote explains that Czeschin’s holdings include restricted FSFG shares that were scheduled to vest 100% on November 21, 2026, but vesting was accelerated to the January 20, 2026 transaction date under the Agreement and Plan of Merger with First Merchants Corporation.

Are the FSFG stock options in this Form 4 vested or unvested?

The Form 4 footnote states that the stock options are fully vested, meaning they were already exercisable when Czeschin completed the reported transactions.