Matthew D. Mullet, President and CEO of 1st Security Bank and reporting officer of FS Bancorp, Inc. (NASDAQ: FSBW), filed a statement of changes in beneficial ownership on August 10, 2026, disclosing a transaction dated August 6, 2026.

Key Highlights

  • Reporting person: Matthew D. Mullet, President and CEO of 1st Security Bank, an officer of FS Bancorp, Inc.
  • Transaction: 207.996 shares of Common Stock acquired at $43.27 per share on August 6, 2026, under transaction code J.
  • Plan purchase: According to the filing, shares were purchased under the issuer's Nonqualified 2022 Stock Purchase Plan and include a 25% match.
  • Direct ownership after transaction: 1,829.996 shares held directly, plus a separate direct holding of 106,340 shares.
  • Indirect holdings: 10,853 shares held indirectly through an ESOP, 5,600 shares through a spouse's IRA, and 22,124 shares through an IRA.

Matthew D. Mullet's Stock Acquisition at FS Bancorp

According to the filing, Matthew D. Mullet acquired 207.996 shares of FS Bancorp Common Stock on August 6, 2026, at a price of $43.27 per share. The transaction was coded "J" and the filing notes that these shares were purchased under the issuer's Nonqualified 2022 Stock Purchase Plan, which includes a 25% match on purchases made by plan participants.

FS Bancorp, Inc. is the issuer listed on NASDAQ under the ticker FSBW, and Mullet's title is identified in the filing as President and CEO of 1st Security Bank. Following the reported transaction, Mullet's direct beneficial ownership in the first line of Table I stands at 1,829.996 shares, while a separate direct holding of 106,340 shares is also reported. Indirect holdings disclosed in the filing include 10,853 shares held through an ESOP, 5,600 shares through a spouse's IRA, and 22,124 shares held through an IRA. No derivative securities transactions were reported in Table II of the filing.

The filing was signed by Matthew D. Mullet and dated August 10, 2026. No amendment date was indicated, suggesting this is an original filing rather than a revision to a prior submission.

What Was Disclosed

The filing discloses that an officer of FS Bancorp acquired 207.996 shares of Common Stock at $43.27 per share on August 6, 2026, through the company's Nonqualified 2022 Stock Purchase Plan, with resulting direct and indirect beneficial ownership positions also reported.