Rosen David Z 4

What Happened
David Z. Rosen, listed as Treasurer of a First Savings subsidiary, reported dispositions on 2026-02-01 totaling 24,625 shares of First Savings Financial Group common stock. The transactions consist of: 15,000 shares and 3,025 shares surrendered to the issuer (converted under the merger), plus two derivative-related dispositions of 3,600 and 3,000 shares (options/cash-out). Prices in the Form 4 are shown as N/A because the actions were merger-related conversions and option cancellations rather than open-market trades.

Key Details

• Transaction date: 2026-02-01 (Form 4 filed 2026-02-09 — the filing appears to be late relative to the trade date).
• Shares disposed: 15,000; 3,025; 3,600 (derivative); 3,000 (derivative) — total 24,625 shares.
• Reported price: N/A (merger conversion and option cancellation rather than market sale).
• Footnote F1: Each issued and outstanding FSFG share was converted into the right to receive 0.85 shares of First Merchants Corporation common stock (cash paid in lieu of fractional shares) under the merger agreement dated Sept 24, 2025.
• Footnote F2: The listed option was canceled in the merger and cashed out for an amount equal to (number of option shares) × (per-share cash equivalent of $32.5876 minus the option exercise price), less applicable tax withholdings.
• Shares owned after the transactions: not specified in the filing.

Context
These were merger-related dispositions (conversion to First Merchants shares and cash settlements for canceled options), not open-market sales. Such transactions are routine in mergers and typically reflect the deal mechanics (conversion and cash-out) rather than an insider expressing a buy/sell opinion. The filing date is after the transaction date, so retail investors should note the late filing when reviewing timeliness.