[Form 4] TIMBERLAND BANCORP INC Insider Trading Activity

Rhea-AI Filing Summary

Parul Bhandari, a director of Timberland Bancorp Inc. (TSBK), received a restricted stock award of 700 shares on 09/23/2025. The filing shows these shares were granted at $0 per share and will vest equally over three years, indicating a time-based vesting schedule. Following the grant, Ms. Bhandari beneficially owns 1,945 shares. The Form 4 was signed by Cheryl Parks as Power of Attorney on 09/24/2025. The disclosure is a routine insider award showing director equity compensation and the post-grant beneficial ownership level.

Positive

• Restricted stock award of 700 shares was granted, increasing director equity stake
• Vesting equally over three years indicates a clear, time-based retention schedule
• Post-grant beneficial ownership disclosed as 1,945 shares, maintaining transparency

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received a 700-share restricted stock award that vests over three years, modestly increasing insider ownership to 1,945 shares.

The grant of 700 restricted shares at $0 increases the reporting person's alignment with shareholders through equity compensation. The vesting equally over three years is a standard retention mechanism; the filing does not disclose additional cash compensation, performance conditions, or accelerated vesting terms. The change is small in absolute share count and appears routine rather than material to company valuation.

Corporate Governance Expert

TL;DR: A routine director restricted stock award was disclosed, showing standard time-based vesting and updated beneficial ownership.

The Form 4 properly reports a 09/23/2025 restricted stock award and post-grant beneficial ownership of 1,945 shares, signed by a Power of Attorney. Vesting equally over three years aligns with common governance practices for director retention. The filing contains no indication of non-standard governance terms or related-party conditions.

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^*

Bhandari Parul

(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, $.01 par value per share(1)	09/23/2025		A		700	A	$0	1,945	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 Parul Bhandari	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 transaction did Parul Bhandari report on Form 4 for TSBK?

The Form 4 reports a restricted stock award of 700 shares granted on 09/23/2025.

How many shares does Parul Bhandari beneficially own after the transaction?

Following the reported transaction, Parul Bhandari beneficially owns 1,945 shares.

What are the vesting terms for the restricted shares reported in the TSBK Form 4?

The restricted shares will vest equally over three years.

What price was reported for the restricted stock award on the Form 4?

The filing reports a price of $0 per share for the restricted stock award.

Who signed the Form 4 filing for Parul Bhandari?

The Form 4 was signed by Cheryl Parks, Power of Attorney for Parul Bhandari, on 09/24/2025.