Form 4: Timberland Bancorp CTO Reports Pre-Planned Stock Sale

Timberland Bancorp's Chief Technology Officer, Breanne D. Antich, reported the sale of 152 shares of common stock at $30.31 per share, executed under a Rule 10b5-1 plan.

Summary

• Breanne D. Antich, Chief Technology Officer and Executive Vice President of Timberland Bancorp Inc. (TSBK), reported a transaction on June 16, 2025.
• The transaction involved the sale of 152 shares of Timberland Bancorp common stock, with a par value of $0.01 per share.
• The shares were sold at a price of $30.31 per share.
• Following this transaction, Ms. Antich directly beneficially owns 2,348 shares of common stock.
• Additionally, Ms. Antich indirectly beneficially owns 4,174 shares through the Timberland Bank Employee Stock Ownership and 401(k) Plan (KSOP).
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sentiment is neutral. While it's an insider sale, the small quantity and the explicit mention of a 10b5-1 plan mitigate potential negative interpretations, suggesting a pre-planned financial management action rather than a lack of confidence in the company.

Positives

• The transaction was conducted under a Rule 10b5-1(c) plan, indicating it was a pre-scheduled sale and not based on new, non-public information, which can reduce concerns about insider confidence.

Negatives

• The sale by a key executive, even if pre-planned, results in a reduction of direct insider ownership, which some investors may view as a slight decrease in management's direct alignment with shareholder interests.

Risks

• No specific risks are detailed in this Form 4 filing beyond the general market perception associated with insider selling, which is mitigated by the 10b5-1 plan.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in direct insider ownership, but the pre-planned nature (10b5-1 plan) suggests it is not indicative of a change in management's view of the company's prospects.

Key Dates

Recommendation

Keywords

Timberland Bancorp, TSBK, Form 4, Insider Trading, Stock Sale, Breanne D. Antich, Chief Technology Officer, Officer Transaction, SEC Filing, 10b5-1 Plan, Beneficial Ownership