Form 4: Timberland Bancorp CFO Exercises, Sells Shares

Sentiment:

Insider Transaction Report 4 February 2026 4:20 PM

Marci A. Basich, CFO of Timberland Bancorp, exercised stock options and subsequently sold a portion of the acquired common stock in early February 2026.

Summary

Marci A. Basich, Chief Financial Officer and EVP of Timberland Bancorp Inc. (TSBK), reported multiple transactions involving the company's common stock.
On February 2, 2026, Basich acquired 2,000 shares of common stock by exercising options at $29.69 per share, 1,600 shares at $31.8 per share, and 747 shares at $28.23 per share.
On the same day, February 2, 2026, Basich disposed of (sold) 4,347 shares of common stock at a price of $39.52 per share.
On February 3, 2026, Basich acquired an additional 376 shares of common stock by exercising options at $28.23 per share.
Also on February 3, 2026, Basich disposed of (sold) 376 shares of common stock at a price of $39.5 per share.
Following these transactions, Basich directly beneficially owns 4,800 shares of common stock.
Additionally, Basich indirectly beneficially owns 12,384 shares of common stock through the Timberland Bank Employee Stock Ownership and 401(k) Plan (KSOP).
Remaining derivative securities include stock options to buy 6,000 shares at $29.69, 4,400 shares at $31.8, 3,653 shares at $28.23, and 3,277 shares at $28.23.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, typical for executive compensation realization, with no direct implications for company performance or strategy.

Positives

The Chief Financial Officer exercised stock options at prices significantly lower than the market price at which shares were sold, indicating a profitable transaction for the insider.
The insider maintains a substantial indirect beneficial ownership of 12,384 shares through the company's KSOP, demonstrating continued alignment with shareholder interests.

Negatives

The sale of 4,723 shares by a key executive could be interpreted by some investors as a reduction in direct exposure to the company's stock, although it is a common practice for managing equity compensation.

Future Outlook

Industry Context

StockSavvy.ai notes that insider transactions, particularly sales following option exercises, are closely watched by investors for signals about management's confidence. However, such transactions are often driven by personal financial planning, diversification strategies, or liquidity needs rather than a negative outlook on the company's future.

Stakeholder Impact

Shareholders may observe the insider's selling activity, which could be interpreted in various ways, though it's a common practice for executives to diversify holdings or for liquidity.

Key Dates

Date	Description
09/23/2022	Date stock options with an exercise price of $29.69 became exercisable.
09/25/2023	Date stock options with an exercise price of $31.8 became exercisable.
02/02/2026	Date of multiple option exercises and common stock sales by Marci A. Basich.
02/03/2026	Date of option exercise and common stock sale by Marci A. Basich.
02/04/2026	Date the Form 4 was signed by the Power of Attorney for Marci A. Basich.
09/23/2027	Expiration date for stock options with an exercise price of $29.69.
09/25/2028	Expiration date for stock options with an exercise price of $31.8.
09/28/2026	Date stock options with an exercise price of $28.23 will be fully vested.
09/28/2031	Expiration date for stock options with an exercise price of $28.23.

Recommendation

hold

The filing details routine insider transactions involving the exercise of stock options and subsequent sale of a portion of the acquired shares. This is a common practice for executives to realize value from their compensation and manage personal finances, and does not inherently signal a change in the company's fundamental outlook or performance. The insider retains significant direct and indirect holdings.

Keywords

Timberland Bancorp, TSBK, Insider Trading, Form 4, Stock Options, CFO, Marci A. Basich, Share Sale, Equity Transaction, Executive Compensation

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