STEMLER STEVEN R 4

What Happened Steven R. Stemler, a director of First Savings Financial Group, disposed of 34,990 shares on February 1, 2026. The filing records the transaction as a "Disposition to the issuer" (D) with no per-share price or cash value reported (N/A). This was not an open-market sale but part of the company merger process converting First Savings shares into First Merchants Corporation consideration.

Key Details

• Transaction date: 2026-02-01 (reported on Form 4 filed 2026-02-09). The Form 4 was filed 8 days after the transaction date, which appears late versus the typical 2-business-day Form 4 deadline.
• Shares disposed: 34,990; price/value: N/A in the filing.
• Shares owned after the transaction: not specified in the provided filing data (N/A).
• Footnote: Per the merger agreement (F1), each issued and outstanding First Savings share was converted into the right to receive 0.85 shares of First Merchants Corporation common stock (with cash paid in lieu of fractional shares).

Context This disposition reflects a corporate merger conversion rather than a routine insider sale. The shares were surrendered to the issuer under the Agreement and Plan of Merger (see footnote), so it does not necessarily signal the director’s view on the company’s standalone prospects.