TFS Financial (NASDAQ: TFSL) director moves 44,314 shares into trust

Rhea-AI Filing Summary

TFS Financial CORP director Asher Anthony J reported internal share transfers and equity holdings. On January 8, 2026, he transferred 39,114 shares of TFSL common stock from his directly held account to his wife's revocable trust for no consideration, and his wife transferred 5,200 shares from her sole ownership account to the same revocable trust, also for no consideration. Following these transactions, 44,314 shares of common stock are reported as indirectly owned with nature of ownership listed as trust beneficiary. The filing also notes 5,000 restricted stock units that were granted on December 18, 2025 and fully vest on December 10, 2026, each representing a right to receive one share and carrying dividend equivalent cash rights.

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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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^*

Asher Anthony J

(Last) (First) (Middle)

7007 BROADWAY AVENUE

(Street)

CLEVELAND OH 44105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TFS Financial CORP [ TFSL ]

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)
01/08/2026

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	01/08/2026		J		39,114(1)	D	$0	0	D
Common Stock	01/08/2026		J		5,200(2)	D	$0	0	I	By Spouse
Common Stock	01/08/2026		J		44,314	A	$0	44,314	I	Trust Beneficiary

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
Restricted Stock Units	(3)							(4)	(4)	Common Stock	5,000		5,000	D

Explanation of Responses:

1. On 1/8/2026, the reporting person transferred 39,114 shares of TFSL common stock from his directly held shares to his wife's revocable trust for no consideration. The reporting person is a beneficiary of the trust.

2. On 1/8/2026, the reporting person's wife transferred 5,200 shares of TFSL common stock from her sole ownership account to her revocable trust for no consideration. The reporting person is a beneficiary of the trust.

3. Each restricted stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted stock units are entitled to dividend equivalent rights in the form of a cash payment in the amount of any cash dividend paid per share of common stock.

4. On December 18, 2025, the reporting person received a grant of 5,000 Restricted Stock Units ("RSUs") which fully vest on December 10, 2026.

Remarks:

	/s/ Susanne N. Miller, Pursuant to Power of Attorney	01/09/2026
	** 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 activity did TFS Financial (TFSL) director Asher Anthony report?

Director Asher Anthony J reported non-derivative transactions on January 8, 2026 involving transfers of TFSL common stock to his wife's revocable trust, and disclosed his holdings of 5,000 restricted stock units.

How many TFS Financial (TFSL) shares were transferred to the revocable trust?

The report shows 39,114 shares of TFSL common stock transferred from the director’s directly held shares and 5,200 shares transferred from his wife's sole ownership account, all into her revocable trust for no consideration.

How many TFS Financial (TFSL) shares does the director report indirectly owning after the transfers?

After the reported transactions, the filing lists 44,314 shares of TFSL common stock as indirectly owned with the nature of ownership described as Trust Beneficiary.

Were the reported TFS Financial (TFSL) share movements sales for cash?

No. The footnotes state that both the 39,114-share transfer and the 5,200-share transfer into the revocable trust were made for no consideration, indicating they were reclassifications of ownership rather than market sales.

What restricted stock units does the TFS Financial (TFSL) director hold and when do they vest?

The director holds 5,000 restricted stock units granted on December 18, 2025, which fully vest on December 10, 2026. Each unit represents a right to receive one share of TFS Financial Corporation common stock and includes dividend equivalent cash rights.

What is the director’s relationship to TFS Financial CORP (TFSL)?

The reporting person, Asher Anthony J, is identified in the filing as a Director of TFS Financial CORP and is not marked as a 10% owner or officer.