Fischer Jonathan Arthur 4

What Happened

• Jonathan Fischer, President and COO of Timberland Bancorp (TSBK), exercised 2,000 stock options on 2026-02-05 at $15.67 per share (cost $31,340) and sold 2,000 shares in an open-market transaction the same day at $39.50 per share (gross proceeds $79,000). The filing also reports a derivative disposition of 2,000 shares at $0.00 (the filing does not further explain this line).
• This sequence — exercising options and selling the resulting shares the same day — is effectively a cashless exercise followed by an open-market sale (a routine liquidity event rather than a clear buy signal).

Key Details

• Transaction date: 2026-02-05.
• Exercise: 2,000 shares at $15.67 = $31,340 (code M).
• Sale: 2,000 shares at $39.50 = $79,000 (code S).
• Derivative disposition: 2,000 shares at $0.00 reported (code M); filing gives no additional detail.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 indicates shares held in the Timberland Bank Employee Stock Ownership and 401(k) Plan (KSOP).
• Timeliness: Reported on 2026-02-06 for a 2026-02-05 transaction — appears timely.

Context

• For retail investors: exercising options then selling those shares the same day is common for executives needing liquidity or to cover exercise costs/taxes; it does not necessarily signal a change in conviction about the company.
• The $0.00 derivative disposition line often reflects non-cash settlement or internal reporting details; because the filing does not explain it, treat that entry as informational rather than an independent cash transaction.