PSB Financial ESOP trust reports 8% stake

PSB Financial, Inc. (PNSB) reports that the PSB Financial, Inc. Employee Stock Ownership Plan Trust has filed a Schedule 13G disclosing a significant ownership position in the company’s common stock, par value $0.01 per share.

Rhea-AI Filing Summary

PSB Financial, Inc. (PNSB) reports that the PSB Financial, Inc. Employee Stock Ownership Plan Trust has filed a Schedule 13G disclosing a significant ownership position in the company’s common stock, par value $0.01 per share.

The Employee Stock Ownership Plan Trust beneficially owns 137,540 shares of PSB Financial, Inc. common stock, representing 8.0% of the class. The Trust has sole power to vote and dispose of all 137,540 shares, with no shared voting or dispositive power reported. The Trust is organized in Montana, and the filing is signed by Trustee Phillip K. Willett.

Key Figures

Shares beneficially owned: 137,540 shares Percent of class owned: 8.0% Sole voting power: 137,540 shares +3 more

6 metrics

Shares beneficially owned 137,540 shares Common stock of PSB Financial, Inc. beneficially owned by ESOP Trust

Percent of class owned 8.0% Portion of PSB Financial, Inc. common stock class held by ESOP Trust

Sole voting power 137,540 shares Shares over which the ESOP Trust has sole power to vote

Shared voting power 0 shares Shares over which the ESOP Trust has shared voting power

Sole dispositive power 137,540 shares Shares over which the ESOP Trust has sole power to dispose

Shared dispositive power 0 shares Shares over which the ESOP Trust has shared dispositive power

Key Terms

Employee Stock Ownership Plan Trust, beneficially owned, Sole Voting Power, Sole Dispositive Power

4 terms

Employee Stock Ownership Plan Trust financial

"Name of person filing: PSB Financial, Inc. Employee Stock Ownership Plan Trust"

beneficially owned financial

"Amount beneficially owned: 137,540.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"Sole Voting Power 137,540.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"Sole Dispositive Power 137,540.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of PSB Financial, Inc. (PNSB) is held by the Employee Stock Ownership Plan Trust?

The PSB Financial, Inc. Employee Stock Ownership Plan Trust holds 8.0% of PSB Financial, Inc.’s common stock. This stake reflects the shares held for plan participants through the ESOP structure.

How many PSB Financial, Inc. (PNSB) shares does the ESOP Trust beneficially own?

The ESOP Trust beneficially owns 137,540 shares of PSB Financial, Inc. common stock. These shares are all reported under the Trust’s sole voting and dispositive power on the Schedule 13G.

Does the ESOP Trust share voting power over PSB Financial, Inc. (PNSB) shares?

No. The ESOP Trust reports sole voting power over 137,540 shares and 0 shares with shared voting power. It also reports sole dispositive power over the same number of shares.

Who filed the Schedule 13G for PSB Financial, Inc. (PNSB)?

The filer is the PSB Financial, Inc. Employee Stock Ownership Plan Trust. The Schedule 13G is signed by Phillip K. Willett, acting as Trustee for the ESOP Trust.

What class of securities of PSB Financial, Inc. (PNSB) is reported in this Schedule 13G?

The filing concerns common stock, par value $0.01 per share of PSB Financial, Inc. This class is identified with CUSIP number 74449M105 in the ownership disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/18/2026 - 04:26 PM Accepted by SEC EDGAR 08/18/2026 - 04:26 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

PSB Financial, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

74449M105

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 74449M105

1

Names of Reporting Persons

PSB Financial, Inc. Employee Stock Ownership Plan Trust

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MONTANA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 137,540.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 137,540.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

137,540.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.0 %

12

Type of Reporting Person (See Instructions)

EP

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PSB Financial, Inc.
(b)	Address of issuer's principal executive offices: 202 NORTH MAIN STREET, DEER LODGE, WISCONSIN, 59722.
Item 2.
(a)	Name of person filing: PSB Financial, Inc. Employee Stock Ownership Plan Trust
(b)	Address or principal business office or, if none, residence: The reporting person may be contacted at: 32 N. Washington St. Dillon, Montana 59725
(c)	Citizenship: Montana
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP Number(s): 74449M105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 137,540.00
(b)	Percent of class: 8.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 137,540.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 137,540.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PSB Financial, Inc. Employee Stock Ownership Plan Trust

Signature:	/s/ Phillip K. Willett
Name/Title:	Trustee
Date:	08/18/2026