Form 4: FSFG Insider Sells Shares

Sentiment:

Insider Transaction Report 25 November 2025 1:50 PM

📋All filings for First Savings Financial Group, INC

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A First Savings Financial Group SVP disposed of 58 shares of common stock.

Summary

James D. Nef, SVP and Director of Accounting at First Savings Financial Group, Inc. (FSFG), reported a transaction on November 21, 2025.
Nef disposed of 58 shares of FSFG Common Stock at a price of $30.95 per share.
Following this transaction, Nef beneficially owns 1,873 shares of Common Stock.
The beneficial ownership includes shares of restricted stock which vest at a rate of 20% commencing on April 14, 2026, and other restricted stock vesting at 20% commencing on November 21, 2022.
Nef also holds 3,600 fully vested stock options with an exercise price of $22.12, exercisable since November 21, 2020, and expiring on November 21, 2029.
Additionally, Nef holds 3,000 stock options with an exercise price of $26.72, which vest at a rate of 20% per year commencing on November 21, 2022, and expire on November 21, 2031.

Sentiment

Score: 5

Explanation: The disposition of 58 shares by an SVP is a minor transaction, likely for tax withholding purposes (indicated by transaction code 'F'), and does not significantly alter the insider's overall beneficial ownership or signal a strong positive or negative outlook for the company.

Negatives

The disposition of shares by an insider, even if for tax purposes, could be perceived as a minor negative signal, though the amount is small.

Future Outlook

Industry Context

Stakeholder Impact

Minimal direct impact on shareholders due to the small number of shares involved in the disposition.
The transaction provides transparency regarding insider holdings and activity, which is beneficial for all stakeholders.

Key Dates

Date	Description
11/21/2020	Date stock options with $22.12 exercise price became exercisable.
11/21/2022	Commencement of 20% annual vesting for 3,000 stock options with $26.72 exercise price and for certain restricted stock.
11/21/2025	Date of common stock disposition transaction.
11/25/2025	Signature date of the reporting person's power of attorney.
04/14/2026	Commencement of 20% annual vesting for certain restricted stock.
11/21/2029	Expiration date for 3,600 stock options with $22.12 exercise price.
11/21/2031	Expiration date for 3,000 stock options with $26.72 exercise price.

Recommendation

hold

This Form 4 filing details a routine insider transaction involving a small number of shares, likely for tax purposes. It does not provide sufficient new information to warrant a change in investment recommendation. The company's fundamental outlook remains unchanged based solely on this disclosure.

Keywords

First Savings Financial Group, FSFG, Insider Trading, Form 4, Stock Options, Common Stock, Beneficial Ownership, James D. Nef

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