[Form 4] TIMBERLAND BANCORP INC Insider Trading Activity

Rhea-AI Filing Summary

Andrea M. Clinton, a director of Timberland Bancorp Inc (TSBK), was granted 700 restricted shares of common stock on 09/23/2025. The award carries a $0 per-share purchase price and increases her reported direct beneficial ownership to 8,910 shares. The restricted shares will vest equally over three years, indicating a time-based retention schedule. The Form 4 was signed by Cheryl Parks as power of attorney on 09/24/2025. No derivative transactions or cash consideration were reported.

Positive

• 700 restricted shares granted to a company director, providing retention and alignment with shareholders
• Restricted shares vest equally over three years, encouraging long-term ownership
• Beneficial ownership reported increased to 8,910 shares, improving transparency

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received a modest restricted stock award of 700 shares vesting over three years, a routine retention incentive with limited immediate market impact.

The 700-share restricted award is small relative to typical public company equity grants and carries a $0 price, indicating a compensation grant rather than an open-market purchase. The increase to 8,910 shares shows ownership concentration for this individual but not a material change in control. Vesting over three years aligns executive/director retention incentives and reduces near-term sale pressure. No sales, options, or other derivative activity were reported, keeping near-term dilution and liquidity impacts minimal.

Corporate Governance Expert

TL;DR: This is a standard restricted stock grant to a director with multi-year vesting, reflecting typical governance-aligned compensation practice.

The grant's structure—restricted shares with equal vesting over three years—supports alignment of director interests with long-term shareholder value. Filing by power of attorney is routine and the Form 4 discloses required details: grant date, amount, and post-transaction ownership. There are no indications of accelerated vesting, related-party issues, or unusual transaction codes. From a governance perspective, the disclosure appears complete and compliant with Section 16 reporting requirements.

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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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^*

CLINTON ANDREA M

(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)
09/23/2025

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, $0.01 per value per share(1)	09/23/2025		A		700	A	$0	8,910	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. Restricted Stock Award was granted on 9/23/2025. These shares will vest equally over three years.

	/s/Cheryl Parks, Power of Attorney for Andrea M. Clinton	09/24/2025
	** 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 Andrea M. Clinton report on the Form 4 for TSBK?

The Form 4 reports a grant of 700 restricted shares on 09/23/2025, increasing her direct beneficial ownership to 8,910 shares.

What is the vesting schedule for the restricted shares in the TSBK Form 4?

The restricted shares vest equally over three years, per the explanation in the filing.

Was there any cash paid for the shares reported in the TSBK Form 4?

No cash was reported; the transaction lists a $0 price per share for the restricted stock award.

Did the TSBK Form 4 show any option exercises or derivative transactions?

No. Table II (derivative securities) shows no derivative transactions reported in this filing.

Who signed the TSBK Form 4 and when?

The Form 4 was signed by Cheryl Parks, Power of Attorney for Andrea M. Clinton on 09/24/2025.