Hanke Troy D. 4

What Happened

• Troy D. Hanke, a director of First Savings Financial Group, reported a disposition of 14,500 shares of First Savings common stock on February 1, 2026. The reported transaction is a "disposition to the issuer" in connection with the company’s merger; no sale price or cash value is listed on the Form 4.
• Per the merger agreement, each First Savings share was converted into the right to receive 0.85 shares of First Merchants Corporation common stock (cash in lieu paid for fractional shares). The 14,500 FSFG shares convert to approximately 12,325 First Merchants shares.

Key Details

• Transaction date: 2026-02-01
• Transaction type: Disposition to issuer (merger conversion); price reported as N/A on Form 4
• Shares involved: 14,500 FSFG shares disposed (converted)
• Equivalent under merger: 14,500 × 0.85 = ~12,325 First Merchants shares (cash paid for fractions)
• Footnote: Merger Agreement dated Sept 24, 2025 — conversion ratio 0.85 shares of First Merchants per FSFG share (cash in lieu for fractional shares)
• Filing date: Form 4 filed 2026-02-09 (8 days after the transaction), which is later than the standard 2-business-day reporting window for most insider trades

Context

• This was not an open-market sale but a corporate merger-related conversion—such dispositions are part of the deal mechanics and do not necessarily reflect an insider’s trading sentiment.
• No cash proceeds or per-share sale price were reported on the Form 4 excerpt provided; instead, FSFG shares were exchanged for First Merchants shares per the merger terms.