Kelli Nielsen - Aug 15, 2023 Form 4 Insider Report for FS Bancorp, Inc. (FSBW)

Role: Retail Banking/ Marketing, EVP
Signature: /s/ Kelli Nielsen
Stock symbol: FSBW
Transactions as of: Aug 15, 2023
Transactions value $: -$29,501
Form type: 4
Date filed: 8/17/2023, 03:56 PM
Previous filing: May 9, 2023
Next filing: May 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FSBW	Common Stock	Award		+1.9K	+14.91%		14.6K	Aug 15, 2023	Direct	F1
transaction	FSBW	Common Stock	Tax liability	-$29.5K	-960	-6.56%	$30.73	13.7K	Aug 15, 2023	Direct
holding	FSBW	Common Stock						2.56K	Aug 15, 2023	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	+5.7K	+16.49%	$0.00	40.3K	Aug 15, 2023	Common Stock	5.7K	$30.73	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, 2024.
F2	Stock Options awarded pursuant to the FS Bancorp, Inc. 2018 Equity Incentive Plan. Vests in equal installments of 20% per year beginning on August 15, 2024.