Czeschin Frank 4

What Happened Frank Czeschin, a director of First Savings Financial Group, disposed of a total of 62,251 shares on February 1, 2026 (three dispositions: 25,465; 30,786; and 6,000 shares). The transactions are reported as dispositions to the issuer (code D) and show no cash price or proceeds because the shares were converted under a merger agreement into shares of First Merchants Corporation (see footnote). No open-market sale price is reported.

Key Details

• Transaction date: February 1, 2026. Report filed February 9, 2026 (appears later than the usual 2-business-day Form 4 deadline).
• Disposed shares: 25,465; 30,786; and 6,000 — total 62,251 FSFG shares.
• Reported price/proceeds: N/A (conversion to acquirer stock; no cash price listed).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Per the Merger Agreement dated Sept 24, 2025, each First Savings share was converted into the right to receive 0.85 shares of First Merchants Corporation common stock (cash paid in lieu for fractional shares).

Context These were not open-market sales but corporate-action dispositions tied to the merger with First Merchants. Dispositions "to the issuer" in a merger typically reflect conversion into acquirer shares (or cash for fractions) and do not necessarily indicate the insider sold stock for cash. Retail investors should view this as a merger conversion event rather than a straightforward insider liquidation.