Colin John E 4

What Happened Colin John E, a director of First Savings Financial Group, disposed of 24,235 shares of the issuer's common stock and 1,500 derivative shares (two option-related dispositions of 750 shares each) on February 1, 2026. The common shares were converted under the merger agreement into the right to receive 0.85 shares of First Merchants Corporation common stock (with cash in lieu for fractional shares). The two option positions were canceled in the merger and converted into a cash payment calculated as the number of option shares times the excess of the per-share cash equivalent ($32.5876) over the option exercise price, less applicable tax withholdings.

Key Details

• Transaction date: February 1, 2026; Form 4 filed February 9, 2026 (appears late relative to the usual 2-business-day Form 4 deadline).
• Dispositions: 24,235 common shares and two derivative disposals of 750 shares each (total 25,735 shares affected).
• Prices/values: Common-share conversion received 0.85 First Merchants share per FSFG share (no per-share cash price listed). Option cancellation used a cash-equivalent of $32.5876 per share; final cash paid depended on each option's exercise price (per footnote).
• Shares owned after transaction: Not specified in the provided transaction summary.
• Footnotes: F1 — each FSFG share converted into 0.85 First Merchants shares (cash in lieu for fractions). F2 — options were canceled for a cash payment equal to (shares exercisable) × (cash-equivalent $32.5876 − exercise price), less tax withholdings.

Context These dispositions were part of a merger/transaction process (not an open-market sale) — common shares were converted into First Merchants stock and options were cashed out. Such merger-related dispositions are transactional (corporate action) rather than a direct signal of the insider’s view of the ongoing market performance. The filing date is several days after the reported transaction date, which may be a late Form 4 filing.