Cathy W. Zbanek - 03 Dec 2025 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role: Chief Synergy Officer
Signature: /s/ Sarah Grosso, Pursuant to Power of Attorney
Issuer symbol: TFSL
Transactions as of: 03 Dec 2025
Transactions value $: -$282,600
Form type: 4
Filing time: 04 Dec 2025, 11:29:33 UTC
Previous filing: 26 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Zbanek Cathy W	Chief Synergy Officer	7007 BROADWAY AVENUE, CLEVELAND	/s/ Sarah Grosso, Pursuant to Power of Attorney	04 Dec 2025	0001566345

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TFSL	Common Stock	Sale	-$283K	-20K	-27.32%	$14.13	53.2K	03 Dec 2025	Direct
holding	TFSL	Common Stock						5.33K	03 Dec 2025	By 401(k)	F1
holding	TFSL	Common Stock						13.8K	03 Dec 2025	By ESOP	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	TFSL	Performance Restricted Share Units						12.4K	03 Dec 2025	Common Stock	12.4K		Direct	F2, F3
holding	TFSL	Restricted Stock Units						15.9K	03 Dec 2025	Common Stock	15.9K		Direct	F2, F4
holding	TFSL	Performance Restricted Share Units						19K	03 Dec 2025	Common Stock	19K		Direct	F2, F5
holding	TFSL	Restricted Stock Units						9.47K	03 Dec 2025	Common Stock	9.47K		Direct	F2, F6
holding	TFSL	Restricted Stock Units						4.67K	03 Dec 2025	Common Stock	4.67K		Direct	F2, F7
holding	TFSL	Employee Stock Option (right to buy)						188K	03 Dec 2025	Common Stock	188K	$14.74	Direct	F8
holding	TFSL	Employee Stock Option (right to buy)						79.4K	03 Dec 2025	Common Stock	79.4K	$19.31	Direct	F9
holding	TFSL	Employee Stock Option (right to buy)						49.2K	03 Dec 2025	Common Stock	49.2K	$19.06	Direct	F10

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

Explanation of Responses:

Id	Content
F1	Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F2	Each restricted and performance stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted and performance stock units are entitled to dividend equivalent rights in the form of a cash payment in the amount of any cash dividend paid per share of common stock.
F3	On November 25, 2025, the reporting person achieved performance level of 100% on a target award of 12,400 Performance Share Units ("PSUs"), resulting in a total earned award of 12,400 shares. This represents the final determination a March 4, 2024 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2025. Each PSU represents a contingent right to receive one share of TFS Financial Corporation common stock and are entitled to dividend equivalent rights in the form of a cash payment in the amount of any cash dividend paid per share of common stock during the period the award was outstanding. The shares and dividend equivalent payment will vest and distribute to the reporting person on December 10, 2026.
F4	On December 19, 2024, the reporting person received a grant of 15,900 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.
F5	On November 21, 2024, the reporting person achieved performance level of 90.0% on a target award of 21,000 Performance Share Units ("PSUs"), resulting in a total earned award of 18,990 shares. This represents the final determination a December 15, 2022 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2024. Each PSU represents a contingent right to receive one share of TFS Financial Corporation common stock and are entitled to dividend equivalent rights in the form of a cash payment in the amount of any cash dividend paid per share of common stock during the period the award was outstanding. The shares and dividend equivalent payment will vest and distribute to the reporting person on December 10, 2025.
F6	On March 4, 2024, the reporting person received a grant of 14,200 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024.
F7	On December 15, 2022, the reporting person received a grant of 14,000 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023.
F8	As reported on a Form 4 dated January 8, 2018, the reporting person received a grant of 187,500 stock options. These stock options vest in three equal annual installments beginning December 10, 2018.
F9	As reported on a Form 4 dated December 15, 2016, the reporting person received a grant of 79,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2017.
F10	As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 49,200 stock options on December 15, 2015. These stock options vest in three equal annual installments beginning December 10, 2016.