4/A: FS Bancorp Director Amends Share Sale Filing

FS Bancorp Director Marina Cofer-Wildsmith amended a Form 4 filing to correct the number of shares sold on November 13, 2025, from 5,957 to 8,543.

Summary

• Marina Cofer-Wildsmith, a Director at FS Bancorp, Inc. (FSBW), filed an amended Form 4.
• The amendment corrects a previous Form 4 filing submitted on November 17, 2025.
• The corrected transaction involved the disposition of 8,543 shares of Common Stock.
• The shares were sold on November 13, 2025, at a price of $40.08 per share.
• The original filing incorrectly reported 5,957 shares sold.
• Following the transaction, Ms. Cofer-Wildsmith beneficially owns 5,590 shares directly and 2,532 shares indirectly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The filing is an amendment to correct the number of shares sold by a director. While an insider sale can be perceived negatively, it was conducted under a Rule 10b5-1 plan, suggesting it was pre-scheduled and not based on new material non-public information. The correction itself is a procedural update.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged sale not based on immediate insider information.

Negatives

• Director Marina Cofer-Wildsmith disposed of 8,543 shares of common stock.

Future Outlook

NA

Industry Context

NA

Corporate Governance

Stakeholder Impact

• Shareholders: Minor impact due to a director's share sale, potentially perceived as a slight negative signal, but mitigated by the 10b5-1 plan. The correction itself has no direct impact on company operations or value.

Key Dates

Recommendation

This filing is an amendment to correct the number of shares sold by a director under a pre-arranged 10b5-1 plan. It does not contain information about the company's financial performance, strategic direction, or significant operational changes. While an insider sale can sometimes be viewed as a negative signal, the correction itself is procedural, and the 10b5-1 plan indicates the sale was not based on new material non-public information. Therefore, this specific filing does not warrant a change in investment recommendation, and a 'hold' stance is appropriate pending further fundamental analysis.

Keywords

FS Bancorp, FSBW, Form 4/A, Insider Transaction, Director Share Sale, Beneficial Ownership, SEC Filing, Marina Cofer-Wildsmith, Equity Transaction, 10b5-1 Plan