FS Bancorp, Inc. — Director's Dealing 2019

May 28, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FS Bancorp, Inc. (FSBW)
CIK: 0001530249
Period of Report: 2019-05-23

Reporting Person: Mullet Matthew D. (CFO and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-23	Common Stock	M	1700	$16.89	Acquired	21000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-23	Stock Options (Right to Buy)	$16.89	M	1700	Disposed	2024-05-08	Common Stock (1700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3468	Indirect
Common Stock	11062	Indirect
Common Stock	2800	Indirect

Footnotes

F1: Stock options awarded pursuant to the FS Bancorp, Inc. 2014 Equity Incentive Plan. Vests in equal installments of 20% per year.

F2: Includes the total number of outstanding stock options for both the FS Bancorp, Inc. 2014 and 2018 Equity Incentive Plans.