Haley Marie 4
4 · First Savings Financial Group, Inc. · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
First Savings (FSFG) EVP Haley Marie Sells Shares in Merger
What Happened
Haley Marie, EVP and Retail Chief Officer of a First Savings subsidiary, reported dispositions totaling 29,999 shares on February 1, 2026. The filing shows six disposition entries: three were common-share conversions (14,046; 4,433; 96 = 18,575 shares) and three were derivative-option-related dispositions (7,500; 2,964; 960 = 11,424 shares). The Form 4 lists the transactions as "Disposition to the issuer (D)" with prices shown as N/A because the transactions were merger-related (conversion/cash settlement), not open-market trades. The filing references a per-share cash-equivalent of $32.5876 in the merger documents.
Key Details
- Transaction date: 2026-02-01 (reported on Form 4 filed 2026-02-09).
- Shares disposed: total 29,999 (18,575 common shares; 11,424 derivative shares/options).
- Reported price: N/A on the Form 4 (dispositions were issuer conversion/cash settlements).
- Footnote F1: Each issued FSFG share was converted into the right to receive 0.85 shares of First Merchants common stock (cash in lieu for fractions).
- Footnote F2: Certain options were canceled in the merger and cashed out based on the formula in the merger agreement using a $32.5876 per‑share cash equivalent (less exercise price and tax withholdings).
- Shares owned after the transactions: not specified in the provided filing.
- Timeliness: Transaction date 2/1/2026; Form 4 filed 2/9/2026 — appears to have been filed after the typical two-business-day Form 4 deadline.
Context
- These were merger-related dispositions (share conversion and option cash-out), not routine open-market sales; such transactions reflect corporate deal mechanics rather than an insider expressing a buy/sell sentiment.
- For the canceled options, the filing indicates a cash settlement calculation rather than a cashless exercise followed by sale of shares.
- Retail investors should view this as a corporate-transaction-driven disposition tied to the First Merchants merger, not necessarily an insider judgment about the company’s ongoing prospects.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-02-01−14,046→ 0 total - Disposition to Issuer
Common Stock
[F1]2026-02-01−4,433→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Common Stock
[F1]2026-02-01−96→ 0 total(indirect: By Trust) - Disposition to Issuer
Stock Options
[F2]2026-02-01−7,500→ 0 totalExercise: $26.72From: 2022-11-21Exp: 2031-11-21→ Common Stock (7,500 underlying) - Disposition to Issuer
Stock Options
[F2]2026-02-01−2,964→ 0 totalExercise: $22.49From: 2023-11-21Exp: 2032-11-21→ Common Stock (2,964 underlying) - Disposition to Issuer
Stock Options
[F2]2026-02-01−960→ 0 totalExercise: $29.00From: 2025-11-21Exp: 2034-11-21→ Common Stock (960 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of September 24, 2025, between the Issuer and First Merchants Corporation, each issued and outstanding share of Issuer common stock was converted into the right to receive 0.85 shares of First Merchants Corporation common stock (subject to the payment of cash in lieu of fractional shares).
- [F2]This option was canceled in the merger in exchange for an amount of cash equal to the product of (i) the number of shares for which such option is exercisable and (ii) the excess of the per share cash equivalent consideration of $32.5876 over the per share exercise price of such option, less any applicable tax withholdings.