WSFS Form 4: David Burg RSU Tax Withholding Triggers 5,604-Share Disposition

Rhea-AI Filing Summary

David Burg, an Executive Vice President and director at WSFS Financial Corp (WSFS), reported a transaction involving company common stock. On 08/15/2025 he disposed of 5,604 shares at a price of $55.13 per share; the filing states these shares were withheld to cover taxes on vested restricted stock units. After the transaction he beneficially owned 25,129 shares. The Form 4 was submitted via an attorney-in-fact and includes an explanation that the disposition represents tax withholding on vested RSUs.

Positive

• None.

Negative

• The reporting person disposed of 5,604 shares, reducing beneficial ownership to 25,129 shares which is a net decrease in insider holdings.
• The disposition occurred at a price of $55.13 per share, representing actual share outflow from the reporting person's beneficial holdings.

Insights

Financial Analyst

TL;DR: Insider disposed of 5,604 shares via tax withholding on vested RSUs; resulting ownership is 25,129 shares.

The reported disposition is described as withholding to cover taxes on vested restricted stock units rather than an open-market cash sale, which is an important distinction when assessing insider intent. The transaction price of $55.13 per share and the remaining beneficial ownership level are explicit in the filing. This is a routine equity-compensation related transaction and does not, by itself, provide evidence of a change in corporate outlook or material shift in insider conviction.

Corporate Governance Expert

TL;DR: Form 4 discloses a compensation-related disposition; documentation shows the issuer's executive complied with Section 16 reporting rules.

The filing notes the disposition was effected to satisfy tax withholding obligations on vested RSUs, which is a common corporate governance outcome following vesting. The report was executed by an attorney-in-fact and includes an explicit explanatory remark. From a governance perspective, the transaction appears procedural and tied to employee compensation rather than a discretionary sale by the reporting person.

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).

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^*

Burg David

(Last) (First) (Middle)

C/O WSFS FINANCIAL CORPORATION

500 DELAWARE AVENUE

(Street)

WILMINGTON DE 19801

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WSFS FINANCIAL CORP [ WSFS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		F		5,604(1)	D	$55.13	25,129	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. Represents shares withheld to cover taxes due on vested restricted stock units.

Remarks:

	/s/ David Burg by Charles K. Mosher, Attorney-in-Fact	08/19/2025
	** 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 David Burg report on the WSFS (WSFS) Form 4?

The filing reports a disposition of 5,604 shares on 08/15/2025 at $55.13 per share, with 25,129 shares beneficially owned after the transaction.

Why were the 5,604 shares disposed of according to the Form 4?

The Form 4 states the shares were withheld to cover taxes due on vested restricted stock units.

Does the Form 4 indicate an open-market sale by the insider?

No. The filing explains the disposition was for tax withholding on vested RSUs, not described as an open-market discretionary sale.

Who filed the Form 4 on behalf of David Burg?

The signature block shows the Form 4 was executed by an attorney-in-fact on behalf of David Burg.

How many shares does David Burg beneficially own after the reported transaction?

Following the reported disposition, he beneficially owns 25,129 shares.