DeBord Matthew J 4

What Happened
Matthew J. DeBord, Chief Lending Officer and EVP of Timberland Bancorp (TSBK), exercised options to acquire 3,805 common shares on Feb 2, 2026 (three option lots) and immediately sold those 3,805 shares in an open-market transaction for $39.53 per share, generating proceeds of $150,412. The reported cash paid to exercise the options (strike cost) across the three lots totaled about $95,002.

Key Details

• Transaction date: 2026-02-02 (filed same day). No late filing indicated.
• Option exercises (code M) acquired:
  • 1,005 shares at $16.87 (≈ $16,954)
  • 1,600 shares at $28.23 (≈ $45,168)
  • 1,200 shares at $27.40 (≈ $32,880)
  • Total acquired by exercise: 3,805 shares; total strike cost ≈ $95,002.
• Sale (code S): 3,805 shares sold in open market at $39.53 for total proceeds ≈ $150,412.
• Net cash from these transactions (proceeds minus exercise cost) ≈ $55,410.
• Filing footnote F1: shares are held in the Timberland Bank Employee Stock Ownership and 401(k) Plan (KSOP).
• Filing timeliness: Period of report and filing date are both 2026-02-02 (no late flag shown).

Context

• The filings show an exercise of options followed by an immediate market sale of the resulting shares — a common pattern often used to cover exercise costs and taxes (cashless-like). The Form 4 also lists the derivative conversion entries at $0 to reflect conversion of the options into the shares that were then sold.
• These are executive-level transactions and factual disclosures of activity; they do not, by themselves, indicate the insider’s broader view of the company.