Adams Joseph C. 4

What Happened
Joseph C. Adams, CEO and Director of FS Bancorp (FSBW), acquired 177 shares on 2026-02-06 at $42.28 per share, for a reported total of $7,484. The transaction is reported as an "other acquisition" (code J) and was made through the issuer's Nonqualified 2022 Stock Purchase Plan, which included a 25% employer match.

Key Details

• Transaction date: 2026-02-06; Price: $42.28 per share; Shares acquired: 177; Total value reported: $7,484.
• Method: Purchase under the issuer's Nonqualified 2022 Stock Purchase Plan with a 25% match (footnote F1).
• Transaction code: J (other acquisition).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-02-10 — this filing appears to have been made within the SEC's typical two-business-day reporting window (not late).

Context
This was a company plan purchase (with employer match), a routine way insiders accumulate shares and generally considered a direct purchase rather than a sale or option exercise. Such purchases are factual signals of the insider acquiring equity, but they should be viewed alongside other filings and company fundamentals before drawing investment conclusions.