Nelson James W 4

What Happened
Nelson James W, Executive Vice President and Chief Risk Officer of First Savings Financial Group (FSFG), exercised stock options on January 20, 2026 to acquire a total of 16,460 common shares. He paid exercise prices totaling $376,753 (breakdown below). The filing shows corresponding disposals of the derivative option instruments (reported at $0), which reflects conversion of the options into shares. Footnotes indicate the stock options were fully vested.

Key Details

• Transaction date: 2026-01-20 (reported on Form 4 filed 2026-01-30 — filing appears late relative to the usual 2-business-day window).
• Individual tranches exercised:
  • 7,500 shares @ $26.72 = $200,400
  • 3,750 shares @ $22.49 = $84,338
  • 4,250 shares @ $15.10 = $64,175
  • 960 shares @ $29.00 = $27,840
• Total shares acquired: 16,460; total exercise price paid: $376,753.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: F1 — stock options were fully vested.
• Transaction code: M (exercise/conversion of derivative). No sales of the acquired shares were reported on this Form 4.

Context
This was an option exercise (insider converted vested options into company stock by paying the strike prices). Because there is no reported sale of the newly acquired shares on this filing, this is not a cashless sale — it reflects an acquisition of shares in exchange for the exercised options. The filing was submitted 10 days after the transaction date; Form 4s are normally due within two business days, so this filing appears late.