[Form 4] Timberland Bancorp Inc Insider Trading Activity

David Alan Smith, a director of Timberland Bancorp (TSBK), reported two transactions dated 08/13/2025.

Rhea-AI Filing Summary

David Alan Smith, a director of Timberland Bancorp (TSBK), reported two transactions dated 08/13/2025. The filing shows an acquisition of 164 common shares at $10.71, with beneficial ownership reported as 17,932 shares, and a sale of 164 common shares at $33.50, with beneficial ownership reported as 17,768. The filing also lists 164 stock options with a $10.71 exercise price exercisable since 09/22/2020 and an indicated 7,000 derivative securities beneficially owned directly following the reported transactions.

Insights

Financial Analyst

TL;DR Routine insider option exercise and matched sale; appears neutral for investors.

The report documents an acquisition of 164 shares at $10.71 and a contemporaneous sale of 164 shares at $33.50 by Director David Alan Smith, leaving reported direct beneficial ownership at 17,768 shares. The transactions include 164 options tied to a $10.71 exercise price and list 7,000 derivative securities owned after the activity. These are specific, quantifiable disclosures but do not on their face indicate a material change in control or a large shift in ownership percentage.

Corporate Governance Expert

TL;DR Filing shows use of a power of attorney and option-related activity near option terms.

The Form 4 is signed by Cheryl Parks as Power of Attorney for the reporting person, indicating the transaction was executed through an authorized representative. The derivative section identifies options exercisable since 09/22/2020 with a 09/22/2025 expiration and a $10.71 exercise price; 164 options are referenced in the reported transaction. The disclosure is clear on ownership counts and transaction codes but contains no additional governance actions or departures.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider SMITH DAVID ALAN

Role Director

Sold 164 shs ($5K)

Approx. gross sale proceeds $5K

Approx. exercise cost $2K

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to buy)	164	$0.00	$0.00
Exercise	Common Stock, $.01 par value	164	$10.71	$2K
Sale	Common Stock, $.01 par value	164	$33.50	$5K

Holdings After Transaction: Stock Options (Right to buy) — 7,000 contracts (Direct); Common Stock, $.01 par value — 17,768 shares (Direct)

FAQ

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

What insider transactions did David Alan Smith report for Timberland Bancorp (TSBK)?

He reported an acquisition of 164 common shares at $10.71 and a sale of 164 common shares at $33.50, both dated 08/13/2025.

How did the transactions affect David Alan Smith's reported beneficial ownership in TSBK?

Following the acquisition the filing reports 17,932 shares beneficially owned; after the sale the filing reports 17,768 shares beneficially owned.

What derivative securities and option details are disclosed in the Form 4 for TSBK?

The filing shows 164 stock options with a $10.71 exercise price, exercisable since 09/22/2020 and expiring 09/22/2025, and reports 7,000 derivative securities beneficially owned directly following the transactions.

What relationship does the reporting person have to TSBK?

David Alan Smith is identified as a Director of Timberland Bancorp (TSBK).

Was the Form 4 signed by an authorized representative?

Yes. The signature block shows the form was signed by Cheryl Parks as Power of Attorney for David Alan Smith.

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

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Accepted by SEC EDGAR 08/13/2025 - 03:00 PM Learn about SEC filing dates

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).

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^*

SMITH DAVID ALAN

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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	08/13/2025		M		164	A	$10.71	17,932	D
Common Stock, $.01 par value	08/13/2025		S		164	D	$33.5	17,768	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 (Right to buy)	$10.71	08/13/2025		M			164	09/22/2020	09/22/2025	Common Stock	164	$0	7,000	D

Explanation of Responses:

	/s/Cheryl Parks, Power of Attorney for David Alan Smith	08/13/2025
	** 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.