Kelli Nielsen - Aug 15, 2022 Form 4 Insider Report for FS Bancorp, Inc. (FSBW)

Role: EVP Retail Banking/Marketing
Signature: /s/Kelli Nielsen
Stock symbol: FSBW
Transactions as of: Aug 15, 2022
Transactions value $: -$18,564
Form type: 4
Date filed: 8/17/2022, 03:29 PM
Previous filing: Apr 20, 2022
Next filing: May 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FSBW	Common Stock	Award		+1.94K	+16.96%		13.3K	Aug 15, 2022	Direct	F1
transaction	FSBW	Common Stock	Tax liability	-$18.6K	-600	-4.5%	$30.94	12.7K	Aug 15, 2022	Direct
holding	FSBW	Common Stock						2.49K	Aug 15, 2022	By ESOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FSBW	Stock Option (Right to Buy)	Award	$0	+5.81K	+20.18%	$0.00	34.6K	Aug 15, 2022	Common Stock	5.81K	$30.94	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents award of restricted stock pursuant to the FS Bancorp, Inc. 2018 Equity Incentive Plan. Vests in equal installments of 20% per year beginning on August 15, 2023.
F2	Stock Options awarded pursuant to the FS Bancorp, Inc.2018 Equity Incentive Plan. Vests in equal installments of20% per year beginning on August 15, 2023.