FS Bancorp, Inc. — Director's Dealing 2025

Aug 19, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FS Bancorp, Inc. (FSBW)
CIK: 0001530249
Period of Report: 2025-08-15

Reporting Person: Mullet Matthew D. (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-08-15	Common Stock	A	3784	—	Acquired	104783	Direct
2025-08-15	Common Stock	F	1533	$40.14	Disposed	103250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-08-15	Stock Options (Right to Buy)	$40.14	A	20000	Acquired	2035-08-15	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	954	Direct
Common Stock	10853	Indirect
Common Stock	5600	Indirect
Common Stock	22124	Indirect

Footnotes

F1: Represents award of restricted stock pursuant to the FS Bancorp, Inc. 2018 Equity Incentive Plan. Vests in equal installments of 25% per year beginning on August 15, 2026.

F2: Stock Options awarded pursuant to the FS Bancorp, Inc. 2018 Equity Incentive Plan. Vests in equal installments of 25% per year beginning on August 15, 2026.