TIMBERLAND BANCORP (TSBK) Director Parul Bhandari Withholds Shares for Taxes

What Happened

• Parul Bhandari, a director of Timberland Bancorp (TSBK), had restricted stock withheld to satisfy tax withholding obligations. On Sept 23, 2026, 51 shares were withheld at $44.82 ($2,286); on Sept 24, 2026, 58 shares were withheld at $45.10 ($2,616). Total withheld: 109 shares, ~$4,902.
• These were not open-market sales but shares retained by the issuer to pay state and federal taxes related to vested restricted stock.

Key Details

• Transaction dates and prices:
  • 2026-09-23: 51 shares withheld @ $44.82 = $2,286 (code F: tax withholding)
  • 2026-09-24: 58 shares withheld @ $45.10 = $2,616 (code F: tax withholding)
• Related vesting: 233 shares vested on 9/23 (51 withheld) and 215 shares vested on 9/24 (58 withheld) per filing footnotes.
• Shares owned after the transactions: not disclosed in this amendment.
• Filing status: This is a Form 4/A (amendment). It corrects an administrative error in the year of the transaction (was incorrectly listed as 2025 on the original Form 4 filed Sept 25, 2026); the amendment states the rest of the Form 4 is unchanged.

Context

• This is a routine tax-withholding disposition (code F) tied to restricted stock vesting, not an active sale or purchase in the open market. Such withholdings are common and generally do not signal insider sentiment about the company.