[Form 4] First Savings Financial Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

First Savings Financial Group executive Howard William Eric reported merger-related changes in his holdings. On February 1, 2026, he disposed of 21,873 shares of common stock held directly and 3,632 shares held indirectly through an IRA.

These transactions occurred under a merger agreement where each share of First Savings Financial Group 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. Two stock option awards covering 7,137 and 960 shares were canceled in the merger in exchange for cash based on a per share cash equivalent consideration of $32.5876 minus the applicable exercise prices, less tax withholdings.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Howard William Eric

Role EVP and CLO of subsidiary

Type	Security	Shares	Price	Value
Disposition	Stock Options	7,137	$0.00	--
Disposition	Stock Options	960	$0.00	--
Disposition	Common Stock	21,873	$0.00	--
Disposition	Common Stock	3,632	$0.00	--

Holdings After Transaction: Stock Options — 0 shares (Direct); Common Stock — 0 shares (Direct); Common Stock — 0 shares (Indirect, By IRA)

Footnotes (1)

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). This option was canceled in the merger in exchange for an amount of cash equal to the product of (i) the number of shares for which such option is exercisable and (ii) the excess of the per share cash equivalent consideration of $32.5876 over the per share exercise price of such option, less any applicable tax withholdings.

Form 4 Insider Transactions: What Each Field Means →

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^*

Howard William Eric

(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 CLO of subsidiary

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		21,873	D	(1)	0	D
Common Stock	02/01/2026		D		3,632	D	(1)	0	I	By IRA

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	02/01/2026		D			7,137(2)	11/21/2022	11/21/2031	Common Stock	7,137(2)	(2)	0	D
Stock Options	$29	02/01/2026		D			960(2)	11/21/2025	11/21/2034	Common Stock	960(2)	(2)	0	D

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).

2. This option was canceled in the merger in exchange for an amount of cash equal to the product of (i) the number of shares for which such option is exercisable and (ii) the excess of the per share cash equivalent consideration of $32.5876 over the per share exercise price of such option, less any applicable tax withholdings.

	/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).
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FAQ

What did Howard William Eric report in this FSFG Form 4 filing?

He reported dispositions of First Savings Financial Group common stock and option awards on February 1, 2026, in connection with a merger. Direct and IRA-held shares were converted, and stock options were canceled for cash based on a defined per share cash equivalent consideration.

How many FSFG common shares did Howard William Eric dispose of in the merger?

He reported disposing of 21,873 shares of common stock held directly and 3,632 shares held indirectly through an IRA. These dispositions occurred as part of the merger conversion of First Savings Financial Group stock into First Merchants Corporation stock on February 1, 2026.

How were First Savings Financial Group (FSFG) shares converted in the merger?

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 in cash, rather than issuing partial First Merchants shares to former First Savings Financial Group shareholders.

What happened to Howard William Eric’s FSFG stock options in this Form 4?

Two stock option awards, for 7,137 shares and 960 shares, were canceled in the merger. Each was exchanged for cash equal to the number of option shares multiplied by the excess of a $32.5876 cash equivalent value over the respective exercise price, minus tax withholdings.

Why does the Form 4 show a transaction price of $0.00 for the FSFG securities?

The table lists a per share transaction price of $0.00 because the dispositions resulted from the merger’s conversion and cash-out mechanics rather than open-market trades. Economic value was delivered through stock in First Merchants Corporation and cash payments as described in the footnotes.

What role does Howard William Eric hold at First Savings Financial Group?

He is identified as an officer, serving as Executive Vice President and Chief Legal Officer of a subsidiary. This position makes him a reporting person under Section 16, requiring disclosure of changes in his beneficial ownership of First Savings Financial Group securities on Form 4.