Journell Jacqueline R 4

What Happened Jacqueline R. Journell, Chief Operating Officer of First Savings Financial Group (FSFG), had two dispositions to the issuer on 2026-02-01 totaling 85,415 FSFG shares (76,215 and 9,200). The Form 4 lists no per-share price (N/A) because these dispositions resulted from the company’s merger transaction rather than open-market sales. Under the merger agreement, each FSFG share was converted into the right to receive 0.85 shares of First Merchants Corporation common stock (with cash paid in lieu for fractional shares).

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-09.
• Transaction type/code: Disposition to issuer (D); price reported as N/A.
• Shares disposed: 76,215 + 9,200 = 85,415 FSFG shares.
• Conversion note: Per the merger agreement, those FSFG shares convert to approximately 72,603 First Merchants shares (85,415 × 0.85 = 72,602.75), subject to cash in lieu for fractions.
• Shares owned after transaction: not specified in the provided filing.
• Timeliness: The filing was dated Feb 9 for Feb 1 transactions—outside the typical 2-business-day Form 4 window.

Context These disposals are tied to the issuer’s approved merger with First Merchants Corporation and reflect conversion/surrender of FSFG shares into merger consideration, not a routine insider open-market sale. For retail investors, that means this transaction should not be interpreted the same way as a voluntary sale (it’s largely procedural in connection with the merger).