FSFG (FSFG) SVP Nef exercises 6,600 options, ends with 4,225 shares

Rhea-AI Filing Summary

First Savings Financial Group (FSFG) SVP and Director of Accounting James D. Nef reported routine equity compensation activity. On January 22, 2026, he exercised stock options for 3,600 shares of common stock at $22.12 per share and another 3,000 shares at $26.72 per share, reflecting fully vested options. These option exercises (coded "M") increased his directly held common stock before a tax-related transaction. A separate transaction coded "F" shows 3,833 shares of common stock disposed of at $33.75 per share, typically indicating shares withheld to cover taxes. After these moves, he directly owned 4,225 shares of First Savings Financial Group 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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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)
01/22/2026

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	01/22/2026		M		3,600	A	$22.12	5,058	D
Common Stock	01/22/2026		M		3,000	A	$26.72	8,058	D
Common Stock	01/22/2026		F		3,833	D	$33.75	4,225	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
Stock Options	$22.12	01/22/2026		M			3,600(1)	11/21/2020	11/21/2029	Common Stock	3,600(1)	$0	0	D
Stock Options	$26.72	01/22/2026		M			3,000(1)	11/21/2022	11/21/2031	Common Stock	3,000(1)	$0	0	D

Explanation of Responses:

1. Stock options are fully vested.

	/s/ Victor L. Cangelosi, pursuant to power of attorney	01/30/2026
	** 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).
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FAQ

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

James D. Nef reported exercising stock options and related share activity in FSFG. He exercised options for 3,600 shares at $22.12 and 3,000 shares at $26.72, then had 3,833 shares withheld, ending with 4,225 common shares directly owned.

How many FSFG stock options did James D. Nef exercise on January 22, 2026?

On January 22, 2026, James D. Nef exercised two tranches of FSFG stock options. He exercised 3,600 options at $22.12 and 3,000 options at $26.72, converting fully vested options into the same number of common shares.

What does the F transaction code mean in the FSFG Form 4 filing?

The F code in the FSFG Form 4 generally indicates shares withheld to satisfy tax obligations. In this filing, 3,833 common shares at $33.75 were disposed of under code F, likely to cover taxes from the option exercises on the same date.

How many FSFG common shares does James D. Nef own after these transactions?

After the reported transactions, James D. Nef directly owns 4,225 FSFG common shares. This figure reflects the effect of exercising 6,600 options for common stock and the tax-related disposition of 3,833 shares on January 22, 2026.

What is James D. Nef’s role at First Savings Financial Group (FSFG)?

James D. Nef is an officer of First Savings Financial Group, serving as Senior Vice President and Director of Accounting. His Form 4 filing reports personal equity compensation activity in FSFG common stock and related stock options as of January 22, 2026.

Were the FSFG stock options exercised by James D. Nef fully vested?

Yes, the filing notes that the FSFG stock options were fully vested. He exercised 3,600 options granted for common stock and 3,000 similar options, both at specified exercise prices, before reporting zero remaining derivative securities beneficially owned afterward.