First Savings (FSFG) EVP converts shares, cashes out options in merger

Rhea-AI Filing Summary

First Savings Financial Group EVP Haley Marie reported the conversion of her equity holdings in connection with the merger between First Savings Financial Group and First Merchants Corporation effective 02/01/2026.

All reported positions in First Savings common stock, including 14,046 shares held directly, 4,433 shares held through a 401(k), and 96 shares held by a trust, were disposed of as the issuer’s shares were converted into the right to receive 0.85 shares of First Merchants Corporation common stock for each First Savings share.

Three stock option grants covering 7,500, 2,964, and 960 shares of First Savings common stock were also canceled in the merger. Each option was exchanged for cash equal to the number of option shares multiplied by the excess of the per share cash-equivalent consideration of $32.5876 over its respective exercise price, net of applicable withholdings.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Haley Marie

(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/Retail Chief Officer ofSub

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		14,046	D	(1)	0	D
Common Stock	02/01/2026		D		4,433	D	(1)	0	I	By 401(k)
Common Stock	02/01/2026		D		96	D	(1)	0	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	$26.72	02/01/2026		D			7,500(2)	11/21/2022	11/21/2031	Common Stock	7,500(2)	(2)	0	D
Stock Options	$22.49	02/01/2026		D			2,964(2)	11/21/2023	11/21/2032	Common Stock	2,964(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).
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 EVP Haley Marie report on February 1, 2026?

Haley Marie reported the disposition of all her First Savings Financial Group common stock and stock options on February 1, 2026, due to the company’s merger with First Merchants Corporation. The filing reflects conversion and cash-out mechanics, not an open-market sale decision.

How many FSFG common shares did Haley Marie hold before the merger conversion?

Before the merger conversion, Haley Marie beneficially owned 14,046 First Savings common shares directly, 4,433 shares indirectly through a 401(k), and 96 shares indirectly through a trust. All these positions were disposed of as First Savings shares converted into First Merchants Corporation stock.

What were the terms of the FSFG and First Merchants Corporation share conversion?

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

How were Haley Marie’s FSFG stock options treated in the merger?

Her stock options covering 7,500, 2,964, and 960 First Savings shares were canceled at closing. Each option was exchanged for cash equal to the number of option shares times the excess of $32.5876 per share over its exercise price, reduced by tax withholdings.

Did Haley Marie retain any FSFG equity after the February 1, 2026 transaction?

After the February 1, 2026 merger-related transactions, Haley Marie reported zero First Savings Financial Group shares and stock options beneficially owned. Her prior equity interests were either converted into First Merchants Corporation stock or cashed out under the merger agreement’s terms.

Was Haley Marie’s FSFG stock held only in her own name before the merger?

Her holdings were a mix of direct and indirect ownership. She held 14,046 First Savings shares directly, while 4,433 shares were held indirectly through a 401(k) plan and 96 shares were held indirectly by a trust, all of which participated in the merger.