FSFG (FSFG) director’s 24,235 shares and options converted in merger

Rhea-AI Filing Summary

First Savings Financial Group director reports merger-related share conversion and option cash-out. Director Colin John E reported the disposition of 24,235 shares of First Savings Financial Group common stock on February 1, 2026, when the company merged with First Merchants Corporation.

Each issued and outstanding FSFG share 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 for 750 shares each were canceled in the merger in exchange for cash equal to the difference between the cash-equivalent consideration of $32.5876 per share and the respective option exercise prices, less tax withholdings. Following these transactions, the reporting person held zero FSFG common shares and zero options.

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^*

Colin John E

(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)
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		24,235	D	(1)	0	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	$15.1	02/01/2026		D			750(2)	11/21/2024	11/21/2033	Common Stock	750(2)	(2)	0	D
Stock Options	$29	02/01/2026		D			750(2)	11/21/2025	11/21/2034	Common Stock	750(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 activity did FSFG director Colin John E report on February 1, 2026?

Colin John E reported the disposition of 24,235 shares of First Savings Financial Group common stock and the cancellation of two option grants for 750 shares each in connection with the company’s merger with First Merchants Corporation, resulting in no remaining FSFG shares or options.

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. Holders received cash in lieu of any fractional First Merchants shares, aligning all FSFG equity into the new parent’s stock structure at a fixed exchange ratio.

What happened to FSFG stock options reported in this Form 4 filing?

Two FSFG stock option awards covering 750 shares each were canceled in the merger. The holder received cash equal to the number of option shares multiplied by the excess of $32.5876 per share over the respective exercise prices, reduced by applicable tax withholdings.

Did the FSFG director retain any First Savings Financial Group shares after the merger transactions?

No, the Form 4 shows zero First Savings Financial Group common shares beneficially owned after the reported transactions. All previously held shares were converted in the merger, and all reported stock options were canceled in exchange for cash consideration tied to the merger terms.

What per-share value was used to cash out FSFG stock options in the merger?

The options were cashed out using a per share cash-equivalent consideration of $32.5876. Cash paid equaled this value minus the option’s exercise price, multiplied by the number of option shares, with appropriate tax withholdings deducted before payment to the option holder.