[Form 4] TIMBERLAND BANCORP INC Insider Trading Activity

Rhea-AI Filing Summary

Michael John Stoney, a director of Timberland Bancorp Inc (TSBK), reported the vesting of restricted stock and a related tax-withholding action. On 09/26/2025, 200 shares of restricted common stock vested for the reporting person. Of those vested shares, 74 shares were withheld at the election of the reporting person so the issuer could pay the state and federal tax obligations on the reporting person’s behalf at a price of $34.20 per share.

Following the withholding transaction, the reporting person is shown as beneficially owning 9,040 shares of Timberland Bancorp common stock on a direct basis. The Form 4 was signed by Cheryl Parks as power of attorney on 09/29/2025.

Positive

• Restricted shares vested, reflecting compensation realization for the director
• Tax withholding handled by issuer (74 shares withheld) which is a routine administrative outcome
• Director retains direct beneficial ownership of 9,040 shares after the transaction

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine restricted stock vesting with tax-withholding; maintains director ownership without additional sales or purchases.

The filing documents a standard equity compensation event where 200 restricted shares vested and 74 were withheld to satisfy tax liabilities. This is a common administrative outcome of equity awards and does not indicate a change in the director’s overall ownership strategy beyond the normal mechanics of vesting and tax withholding. The remaining beneficial ownership of 9,040 shares remains on a direct basis, preserving the director's stake and alignment with shareholders.

Securities Analyst

TL;DR: Small-scale, non-dispositive insider transaction; no material impact on float or control.

The transaction size is modest (200 vested, 74 withheld) and the reporting shows no open-market sale or purchase beyond the withholding for taxes. Given the reported post-transaction direct ownership of 9,040 shares, this filing is informational and unlikely to affect market perception or the company’s capitalization materially. The disclosed per-share value used for withholding is $34.20, which is useful for recordkeeping but does not constitute a market trade here.

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
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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^*

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)
09/26/2025

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)	09/26/2025		F		74	D	$34.2	9,040	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 200 shares of restricted stock vested on September 26, 2025 of which 74 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	09/29/2025
	** 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 did the Form 4 for TSBK filed by Michael J. Stoney report?

It reported the vesting of 200 restricted shares on 09/26/2025 and that 74 shares were withheld to pay state and federal taxes.

How many shares does Michael J. Stoney beneficially own after the transaction?

The Form 4 shows 9,040 shares beneficially owned on a direct basis following the reported transaction.

What price was used for the withheld shares on the Form 4 for TSBK?

The filing lists a price of $34.20 per share related to the withheld shares.

When was the transaction and when was the Form 4 signed?

The vesting and withholding occurred on 09/26/2025 and the Form 4 was signed by power of attorney on 09/29/2025.

Was this filing an open-market sale or purchase?

No open-market sale or purchase is reported; the filing documents a vesting event with shares withheld to cover taxes.