CLINTON ANDREA M 4

What Happened

• Andrea M. Clinton, a director of Timberland Bancorp, exercised stock option awards and immediately sold the resulting shares on January 30, 2026. She exercised a total of 1,600 options (200 @ $16.87, 800 @ $28.23, 600 @ $27.40) for a combined exercise cost of $42,398, then sold the 1,600 shares in an open-market sale at $39.19 each for total proceeds of $62,704. The sale proceeds exceeded the exercise cost by about $20,306.

Key Details

• Transaction date: 2026-01-30
• Option exercises (code M): 200 shares @ $16.87 ($3,374); 800 shares @ $28.23 ($22,584); 600 shares @ $27.40 ($16,440) — total exercise cost $42,398
• Open-market sale (code S): 1,600 shares @ $39.19 — total proceeds $62,704
• Form shows corresponding derivative dispositions at $0, reflecting the conversion/surrender of the exercised options
• Shares owned after the transaction: not provided in the supplied data
• Filing date: 2026-02-02 — appears to have been filed within required reporting window (not marked late)

Context

• This was an option exercise followed by an immediate sale (a cashless or same-day disposition), which converts derivative holdings into common stock and then realizes proceeds — common for option exercises used to cover costs or take gains. This is a director transaction (not indicated as a 10% owner); the filing is factual and does not explain motivations. Purchases often signal stronger bullish intent; here the net effect was a realized sale after exercise.