Basham Lenfield R. 4

What Happened

• Lenfield R. Basham, EVP and Chief Investment Officer of First Savings Financial Group, reported dispositions to the issuer on Feb 1, 2026 totaling 57,068 FSFG shares (three line items: 46,205; 7,056; 3,807). No per-share price is reported because the shares were disposed/converted as part of a merger transaction rather than sold on the open market.
• Per the merger agreement, each FSFG share was converted into the right to receive 0.85 shares of First Merchants Corporation common stock (with cash in lieu of any fractional share). That conversion implies an entitlement to approximately 48,508 First Merchants shares (57,068 × 0.85 = 48,507.8), with fractional value paid in cash.

Key Details

• Transaction date: 2026-02-01 (reported on Form 4 filed Feb 9, 2026; accession 0001437749-26-003490).
• Reported dispositions: 46,205; 7,056; and 3,807 FSFG shares — total 57,068 shares.
• Price: N/A (disposition via merger conversion, not an open-market sale).
• Transaction code: D (disposition to issuer).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Merger Agreement dated Sept 24, 2025 — conversion into 0.85 shares of First Merchants common stock per FSFG share, cash in lieu for fractional shares.
• No 10b5-1 plan, tax-withholding, or other special filing notes shown in this summary.

Context

• These dispositions reflect a corporate merger conversion (exchange of securities), not a typical insider sale. Such conversions are administrative outcomes of the deal and do not necessarily signal the insider’s buying/selling sentiment.
• Investor takeaway: this filing documents the conversion of FSFG shares into First Merchants stock under the merger terms rather than an open-market sale; check subsequent filings for the actual receipt of First Merchants shares or any cash payment for fractional shares.