Jackson Derrick B. 4

What Happened

• Derrick B. Jackson, Chief of Credit Administration of a First Savings subsidiary, reported dispositions totaling 34,445 shares on 2026-02-01. Transactions break down as 25,237 and 5,057 issued shares, plus 3,191 and 960 derivative shares (related to options). The filing shows "to the issuer" and prices are listed as N/A, consistent with share conversion/cash settlement tied to the merger.

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-09.
• Total shares disposed: 34,445 (25,237 + 5,057 common; 3,191 + 960 derivative).
• Reported price: N/A in the filing (dispositions were effected pursuant to the merger).
• Shares owned after transaction: not specified in the provided excerpt — see the Form 4 for remaining holdings.
• Notable footnotes:
  • F1: Under the 9/24/2025 merger agreement, each outstanding First Savings share converted into the right to receive 0.85 shares of First Merchants common stock (cash paid in lieu for fractional shares).
  • F2: The listed option/derivative positions were canceled in the merger and converted to cash equal to the number of option shares times the excess of the per‑share cash equivalent ($32.5876) over the exercise price, less tax withholdings.
• Timeliness: The Form 4 was filed on Feb 9 for Feb 1 transactions — later than the typical 2‑business‑day filing window.

Context

• These dispositions appear to be merger-related (conversion of common shares into new issuer shares and cash settlement of options), not routine open-market sales. Derivative line items reflect option cancellation and cash-out rather than a market sale of exercised shares. Such corporate-transaction filings generally reflect deal mechanics rather than a personal trading decision.