Timberland Bancorp Insider Trade: CFO Trims Direct Holdings by 300 Shares

Rhea-AI Filing Summary

Timberland Bancorp (TSBK) filed a Form 4 disclosing that Chief Financial Officer & EVP Marci A. Basich sold 300 common shares on 07/25/2025 at $33.25 each, a total value of roughly $10,000. Following this routine transaction, Basich owns 2,800 shares directly and 12,384 shares indirectly through the company’s KSOP retirement plan. No derivative securities were involved, and no other officers joined the filing. The filing indicates a small reduction—about 9.7%—in her direct holdings, with her aggregate economic interest still exceeding 15,000 shares.

Positive

• Executive retains 2,800 direct shares after the sale, maintaining direct ownership alignment.
• 12,384 shares held indirectly through the KSOP underline long-term incentive alignment with shareholders.

Negative

• Sale of 300 shares at $33.25 represents a 9.7% reduction in the CFO’s direct stake, though small in absolute terms.

Insights

Financial Analyst

TL;DR: Minor $10k sale by CFO; negligible effect on ownership or valuation.

The 300-share sale is immaterial relative to Timberland Bancorp’s float and the executive’s remaining stake (≈15k shares). Such routine liquidity events rarely signal strategic shifts or financial stress. Volumes and dollar value fall well below thresholds that typically influence market perception, so I view the transaction as neutral to valuation and sentiment.

Corporate Governance Specialist

TL;DR: Governance-neutral; insider retains substantial alignment through KSOP holdings.

The disclosure satisfies Section 16 requirements and shows continued alignment: over 12k shares remain in the KSOP plus direct holdings. The lack of multiple insiders or pattern selling lowers governance concern. No red flags emerge; therefore, impact on shareholder confidence is minimal.

Insider Trade Summary

Net Seller: 300 shares ($9,975)

Net Sell 2 txns

Insider BASICH MARCI A

Role Chief Financial Officer/EVP

Sold 300 shs ($10K)

Type	Security	Shares	Price	Value
Sale	Common Stock, $.01 par value per share	300	$33.25	$10K
holding	Common Stock, $.01 par value per share	--	--	--

Holdings After Transaction: Common Stock, $.01 par value per share — 2,800 shares (Direct); Common Stock, $.01 par value per share — 12,384 shares (Indirect, By KSOP)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BASICH MARCI A

(Last) (First) (Middle)

624 SIMPSON AVENUE

(Street)

HOQUIAM WA 98550

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer/EVP

3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025

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 par value per share	07/25/2025		S		300	D	$33.25	2,800	D
Common Stock, $.01 par value per share								12,384	I	By KSOP(1)

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

Explanation of Responses:

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

	/s/Cheryl Parks, Power of Attorney for Marci A. Basich	07/28/2025
	** 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

How many Timberland Bancorp shares did CFO Marci Basich sell?

300 common shares were sold on 07/25/2025.

What was the sale price disclosed in the Form 4 for TSBK?

The shares were sold at $33.25 per share.

How many shares does the CFO own after the transaction?

Basich now owns 2,800 shares directly and 12,384 indirectly via the KSOP.

Were any derivative securities involved in this Form 4 filing?

No, no derivative securities were acquired or disposed of.

Does this Form 4 filing include other Timberland Bancorp insiders?

No, the filing was submitted by a single reporting person, Marci A. Basich.