4/A: FS Bancorp Director Amends Stock Ownership Filing

FS Bancorp Director Joseph P. Zavaglia filed an amended Form 4 to correct previously reported direct common stock holdings and disclose a recent purchase.

Summary

• Director Joseph P. Zavaglia acquired 66 shares of FS Bancorp, Inc. common stock on November 6, 2025, at a price of $38.01 per share.
• These shares were purchased under the Issuer's Nonqualified 2022 Stock Purchase Plan and included a 25% company match.
• The filing is an amendment (Form 4/A) to a previous Form 4 filed on November 10, 2025.
• The amendment corrects a previously reported direct beneficial ownership of common stock from 9,156 shares to 6,456 shares.
• Following the reported transaction, Zavaglia directly owns 608 shares and indirectly owns 9,614 shares through an IRA.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing. The insider purchase, though small, indicates continued director investment, but the need for an amendment to correct previously reported holdings introduces a minor administrative concern.

Positives

• Director Joseph P. Zavaglia acquired 66 shares of common stock, indicating continued investment in the company.
• The acquisition was part of the company's Nonqualified 2022 Stock Purchase Plan, which includes a 25% company match, benefiting the director.

Negatives

• An amendment was required to correct a previously misreported direct beneficial ownership of common stock, indicating an administrative error in the initial filing.
• The corrected direct beneficial ownership of 6,456 shares is lower than the 9,156 shares originally reported, reducing the director's previously stated direct stake.

Risks

• Potential for administrative errors in SEC filings, as evidenced by the need for an amendment to correct previously reported shareholdings.

Future Outlook

N/A

Industry Context

StockSavvy.ai notes that Form 4 filings provide transparency into insider activity, which can sometimes signal management's confidence or concerns about the company's future prospects. This specific filing, being an amendment, primarily addresses a correction in reported holdings and a routine insider purchase.

Stakeholder Impact

• Shareholders: Provides updated and corrected information on a director's beneficial ownership, enhancing transparency regarding insider holdings.

Key Dates

Recommendation

This filing is an administrative update regarding a director's stock ownership and a minor purchase. It does not contain information significant enough to warrant a change in investment recommendation. The small insider purchase is a minor positive, but the correction of a previous filing is a minor administrative negative.

Keywords

FS Bancorp, FSBW, Form 4, insider trading, beneficial ownership, stock purchase plan, director, common stock, SEC filing