Timberland Bancorp (TSBK) risk chief discloses stock and option holdings

Rhea-AI Filing Summary

Timberland Bancorp, Inc. reported the initial shareholdings of Chief Risk Officer/SVP Matthew D. SeathJanuary 13, 20263,155 shares of common stock directly, plus 2,155 shares held indirectly through the Timberland Bank Employee Stock Ownership and 401(k) Plan (KSOP).

Seath also holds several stock option awards on the company’s common stock. These include options for 800 shares exercisable until September 25, 2028 at $31.8 per share and another 800 shares until September 24, 2029 at $27.14 per share. Additional grants cover 1,000 shares until September 28, 2031 at $28.23 per share and 1,000 shares until September 27, 2032 at $27.4 per share, with the later awards vesting at 20% per year.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Seath Matthew Douglas

(Last) (First) (Middle)

624 SIMPSON AVENUE

(Street)

HOQUIAM WA 98550

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/13/2026

3. Issuer Name and Ticker or Trading Symbol
TIMBERLAND BANCORP INC [ TSBK ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Risk Officer/SVP

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.01 par value per share	3,155	D
Common Stock, $0.01 par value per share	2,155	I	By KSOP(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock options (right to buy)(2)	09/25/2023	09/25/2028	Common Stock, $0.01 par value per share	800	$31.8	D
Stock options (right to buy)(3)	09/24/2024	09/24/2029	Common Stock, $0.01 par value per share	800	$27.14	D
Stock options (right to buy)(4)	09/28/2026	09/28/2031	Common Stock, $0.01 par value per share	1,000	$28.23	D
Stock options (right to buy)(5)	09/27/2027	09/27/2032	Common Stock, $0.01 par value per share	1,000	$27.4	D

Explanation of Responses:

1. Represents shares held in the Timberland Bank Employee Stock Ownership and 401(k) Plan ("KSOP")

2. Stock options granted 9/25/2018. These options vested at 20% per annum

3. Stock options granted 9/24/2019. These options vested at 20% per annum

4. Stock options granted 9/28/2021. These options will vest at 20% per annum

5. Stock options granted 9/27/2022. These options will vest at 20% per annum

	/s/Cheryl Parks, Power of Attorney for Matthew D. Seath	01/13/2026
	** 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 5 (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

Who is the insider in Timberland Bancorp (TSBK) Form 3 and what is their role?

The filing reports holdings for Matthew D. Seath, who serves as Chief Risk Officer/Senior Vice President of Timberland Bancorp, Inc..

How many Timberland Bancorp (TSBK) common shares does Matthew D. Seath own directly and indirectly?

Matthew D. Seath directly owns 3,155 shares of Timberland Bancorp common stock and indirectly owns 2,155 shares through the company’s KSOP retirement plan.

What indirect holdings does Matthew D. Seath report through the Timberland Bancorp KSOP plan?

He reports 2,155 shares of Timberland Bancorp common stock held indirectly via the Timberland Bank Employee Stock Ownership and 401(k) Plan ("KSOP").

What stock options on Timberland Bancorp (TSBK) shares does Matthew D. Seath hold?

He holds four stock option awards on Timberland Bancorp common stock: two grants for 800 shares each and two grants for 1,000 shares each, all reported as directly owned.

What are the exercise prices and expirations of Matthew D. Seath’s Timberland Bancorp stock options?

The reported options are exercisable at $31.8 per share until September 25, 2028, $27.14 until September 24, 2029, $28.23 until September 28, 2031, and $27.4 until September 27, 2032.

How do Matthew D. Seath’s later Timberland Bancorp stock option grants vest?

According to the footnotes, the options granted on September 28, 2021 and September 27, 2022 will vest at 20% per annum over the vesting period.