Joseph C. Adams - 21 Aug 2025 Form 4 Insider Report for FS Bancorp, Inc. (FSBW)

Role: Director/CEO, Director
Signature: /s/Joseph C. Adams
Issuer symbol: FSBW
Transactions as of: 21 Aug 2025
Net transactions value: -$283,798
Form type: 4
Filing time: 22 Aug 2025, 14:15:10 UTC
Previous filing: 21 Aug 2025
Next filing: 29 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Adams Joseph C.	Director/CEO, Director	C/O FS BANCORP, INC., 6920 220TH STREET SW, MOUNTLAKE TERRACE	/s/Joseph C. Adams	22 Aug 2025	0001548094

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FSBW	Common Stock	Sale	$267,027	-6,674	-5.6%	$40.01	112,823	21 Aug 2025	Direct	F1
transaction	FSBW	Common Stock	Sale	$16,771	-402	-0.36%	$41.72	112,421	22 Aug 2025	Direct
holding	FSBW	Common Stock						1,625	21 Aug 2025	Direct
holding	FSBW	Common Stock						17,818	21 Aug 2025	By ESOP

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.22 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commissions, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1).

Content

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.22 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commissions, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1).