[Form 4] TIMBERLAND BANCORP INC Insider Trading Activity

Rhea-AI Filing Summary

Michael J. Stoney, a director of Timberland Bancorp Inc. (TSBK), reported a Form 4 disclosing the vesting and partial withholding of restricted common stock on September 24, 2025. A prior grant of 215 restricted shares vested and the reporting person elected to have 81 shares withheld to cover state and federal taxes, resulting in 9,114 shares beneficially owned following the transaction. The withheld shares were surrendered to pay tax obligations; price per share used for the withholding is shown as $34.4. The Form 4 was signed under power of attorney on September 25, 2025.

Insights

Financial Analyst

TL;DR: Routine insider withholding of vested restricted shares to satisfy taxes; ownership remains substantial but unchanged in control.

The filing documents a common, non-economic disposition where 81 of 215 vested restricted shares were withheld to satisfy tax liabilities rather than sold on market. Such withholdings typically do not indicate a change in insider conviction because shares are surrendered solely for tax purposes. Post-transaction beneficial ownership is reported at 9,114 shares, which provides continuity in holdings and control influence. No cash sale or strategic disposition is recorded, and there are no derivative transactions disclosed.

Corporate Governance Expert

TL;DR: Administrative tax-withholding on vesting; procedural and governance-compliant disclosure under Section 16.

The Form 4 correctly reports the vesting event and tax withholding election, signed under power of attorney. This is a routine disclosure that fulfills Section 16 obligations and does not reflect an active liquidity event or change in officer/director status. The reporting demonstrates compliance with reporting timelines and transparency around the nature of the withheld shares.

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).

1. Name and Address of Reporting Person^*

STONEY MICHAEL JOHN

(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)
09/24/2025

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(1)	09/24/2025		F		81	D	$34.4	9,114	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

Explanation of Responses:

1. As previously reported 215 shares of restricted stock vested on September 24, 2025 of which 81 shares were withheld at the election of the Reporting Person for Issuer to pay the value of the vested shares to state and federal tax authorities for the Reporting Person's account.

	/s/Cheryl Parks, Power of Attorney for Michael J. Stoney	09/25/2025
	** 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

What transaction did Michael J. Stoney report on Form 4 for TSBK?

The Form 4 reports the vesting of 215 restricted shares on September 24, 2025 with 81 shares withheld to cover state and federal taxes.

How many Timberland Bancorp (TSBK) shares does the reporting person own after the transaction?

The reporting person beneficially owns 9,114 shares following the reported withholding.

Why were 81 shares disposed of according to the Form 4?

The 81 shares were withheld at the reporting person's election so the issuer could pay the value of the vested shares to tax authorities for the reporting person's account.

Was this a sale of shares or a tax-withholding event?

This was a tax-withholding event related to restricted stock vesting, not an open-market sale.

Who signed the Form 4 and when was it filed?

The form is signed by Cheryl Parks, Power of Attorney for Michael J. Stoney, dated September 25, 2025.