Stefanski Gavin B 4

What Happened
Gavin Stefanski, Chief Experience Officer of TFS Financial Corporation (TFSL), sold 7,000 shares on February 20, 2026 at $14.97 per share, generating proceeds of $104,790. The Form 4 lists the transaction as a sale (code S) via an "open market or private sale."

Key Details

• Transaction date and price: 2026-02-20 at $14.97 per share.
• Shares sold: 7,000; Proceeds: $104,790.
• Shares owned after transaction: Not specified in the provided filing.
• Transaction code: S (Sale). Type indicated: "open market or private sale."
• Filing timeliness: No late filing was indicated in the provided record.
• Footnotes of note:
  • F1: Some transactions may be exempt from Section 16 reporting.
  • F2–F5: The reporting person holds multiple restricted stock unit (RSU) grants (grants dated 12/19/2024, 12/18/2025, 3/4/2024) with staggered vesting schedules—RSUs convert to shares upon vesting and carry dividend-equivalent cash rights.
  • F6: The reporting person received stock options on 4/2/2018 that fully vested on 12/10/2020.

Context
This filing documents a sale of existing shares. Sales by executives are common for liquidity, tax or diversification reasons and do not by themselves indicate the insider’s view of the company’s prospects. The filer also holds RSUs and vested options with future or past vesting dates (see footnotes), which are separate from this disposition.