FS Bancorp, Inc. — Director's Dealing 2025

May 1, 2025

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: FS Bancorp, Inc. (FSBW)
CIK: 0001530249
Period of Report: 2025-05-01

Reporting Person: Whittington Phillip Dean (Chief Financial Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3396	Direct
Common Stock	200	Direct
Common Stock	234	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$30.94	2032-08-15	Common Stock (2000)		Direct
Stock Option (Right to Buy)	$30.73	2033-08-15	Common Stock (2000)		Direct
Stock Option (Right to Buy)	$41.98	2034-08-15	Common Stock (1600)		Direct

Footnotes

F1: Stock Options awarded pursuant to the FS Bancorp, Inc. 2018 Equity Incentive Plan Vests in equal installments of 20% per year beginning on August 15, 2023.

F2: Stock Options awarded pursuant to the FS Bancorp, Inc 2018 Equity Incentive Plan. Vests in equal installments of 20% per year beginning on August 15, 2024

F3: Stock Options awarded pursuant to the FS Bancorp, Inc. 2018 Equity Incentive Plan. Vests in equal installments of 20% per year beginning on August 15, 2025.