Merger with First Merchants reshapes FSFG (FSFG) officer’s holdings

Rhea-AI Filing Summary

First Savings Financial Group, Inc. officer Jackson B. Derrick reported merger-related changes in his holdings on February 1, 2026. He disposed of 25,237 shares of common stock held directly and 5,057 shares held indirectly through a 401(k), leaving no common shares reported as beneficially owned.

Under the merger between First Savings Financial Group and First Merchants Corporation, each issued and outstanding share of First Savings common stock was converted into the right to receive 0.85 shares of First Merchants common stock, with cash paid instead of any fractional shares. Two stock option awards covering 3,191 and 960 shares were canceled in the merger and replaced with cash based on a per-share cash equivalent consideration of $32.5876 minus each option’s exercise price, less applicable tax 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

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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^*

Jackson Derrick B.

(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 of Credit Admin of Sub

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		25,237	D	(1)	0	D
Common Stock	02/01/2026		D		5,057	D	(1)	0	I	By 401(k)

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			3,191(2)	11/21/2022	11/21/2031	Common Stock	3,191(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.
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FAQ

What insider transaction did Jackson B. Derrick report at FSFG?

Jackson B. Derrick reported the disposition of all his reported FSFG common shares on February 1, 2026. He listed 25,237 shares held directly and 5,057 shares held through a 401(k), all converted or disposed in connection with the merger with First Merchants Corporation.

How were First Savings (FSFG) common shares converted in the First Merchants merger?

Each issued and outstanding First Savings common share was converted into the right to receive 0.85 First Merchants Corporation common shares. Any fractional share amounts were settled in cash, so holders received stock plus separate cash in lieu of fractional shares after the merger closed.

What happened to Jackson B. Derrick’s FSFG stock options in the merger?

Two FSFG stock option grants for 3,191 and 960 shares were canceled in the merger. Each was exchanged for cash equal to the number of option shares multiplied by $32.5876 minus the option’s exercise price, with appropriate tax withholdings deducted from the cash payment.

Did Jackson B. Derrick retain any FSFG derivative securities after February 1, 2026?

No derivative securities were reported as beneficially owned after February 1, 2026. The filing shows stock options for 3,191 and 960 shares were fully canceled in the merger and converted into cash consideration based on the $32.5876 per-share cash equivalent value.

What role does Jackson B. Derrick hold at First Savings Financial Group (FSFG)?

Jackson B. Derrick is identified as an officer of First Savings Financial Group. His specific title in the filing is “Chief of Credit Admin of Sub,” indicating a senior credit administration role within a subsidiary of the company.

How were fractional shares handled for FSFG holders in the First Merchants merger?

FSFG holders received 0.85 First Merchants shares for each FSFG share, creating potential fractional amounts. Instead of issuing fractional shares, the merger terms provided that any fractional entitlements would be settled by paying cash in lieu of those fractional shares to affected holders.