Nielsen Kelli 4

What Happened
Kelli Nielsen, Executive Vice President & Chief Retail Banking Officer of FS Bancorp, acquired 18 shares on 2026-05-06 at $41.37 per share for a total of about $745. The purchase was made through the issuer’s Nonqualified 2022 Stock Purchase Plan and included a 25% company match.

Key Details

• Transaction date and price: 2026-05-06, 18 shares @ $41.37 (total ~ $745).
• Acquisition method: Nonqualified 2022 Stock Purchase Plan (includes a 25% match) — footnote F1.
• Filing: Form 4 filed 2026-05-08 (appears timely within the standard two-business-day window).
• Shares owned after transaction: Not specified in the filing.
• Transaction code: J (reported as "Other acquisition or disposition").

Context
Purchases under employee stock purchase plans are routine and typically involve payroll contributions plus employer matching; this is a modest-dollar purchase and generally viewed as a routine employee equity participation rather than a large insider bet. The filing is informational and does not explain the insider’s motivation.