Antich Breanne D 4

What Happened
Breanne D. Antich, Chief Technology Officer and EVP of Timberland Bancorp (TSBK), exercised stock options and sold shares on Feb 6, 2026. The Form 4 shows two option exercises resulting in 400 shares at $28.23 (cost $11,292) and 400 shares at $27.40 (cost $10,960). The filing also reports an open-market sale of 800 shares at $40.05 for proceeds of $32,040. The report includes two 400-share derivative dispositions recorded at $0.00 each (see Key Details), consistent with shares surrendered or applied in connection with the exercises.

Key Details

• Transaction date: 2026-02-06 (filed on 2026-02-09; filing appears timely)
• Exercises acquired: 400 shares @ $28.23 (total $11,292) and 400 shares @ $27.40 (total $10,960)
• Open-market sale: 800 shares @ $40.05 (total proceeds $32,040)
• Derivative disposals: two entries of 400 shares @ $0.00 (listed as disposed; often represent shares withheld/surrendered in connection with an exercise)
• Shares owned after the transactions: not specified in the provided filing excerpt
• Footnotes: F1 indicates shares held in the Timberland Bank Employee Stock Ownership and 401(k) Plan (KSOP); F2 notes the date options will be fully vested

Context
This filing shows option exercises followed by an immediate sale of 800 shares the same day, which is commonly a cashless or partial sale to cover exercise costs, tax withholding, or to realize gains. The presence of $0.00 derivative disposals on the same Form 4 typically signals shares surrendered for tax or payment purposes rather than an unrelated gift or sale. The activity was reported by an executive (not a 10% owner), and the filing offers factual disclosure of the transactions without implying motive.