{"url_path":"/sec/fsbw/10-q/2026/item-1","section_key":"item-1","section_title":"Item 1 ** **Legal Proceedings**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1530249/0001437749-26-015942-index.html","accession_number":"0001437749-26-015942","cik":"0001530249","ticker":"FSBW","issuer_name":"FS Bancorp, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1530249/0001437749-26-015942-index.html","primary_entity_key":"0001530249","primary_entity_name":"FS Bancorp, Inc."},"word_count":359,"has_tables":true,"body_markdown":"******Item 1.** **Legal Proceedings**\n\n \n\nIn the normal course of business, the Company occasionally becomes involved in various legal proceedings. In the opinion of management, any liability from such proceedings would not have a material adverse effect on the business or financial condition of the Company.\n\n \n\n**Item** **1A.**  **Risk Factors**\n\n \n\nThere have been no material changes in the Risk Factors previously disclosed in FS Bancorp’s 2025 Form 10-K.\n\n \n\n**Item** **2.**  **Unregistered Sales of Equity Securities and Use of Proceeds**\n\n \n\n(a)\n\nNot applicable\n\n \n\n(b)\n\nNot applicable\n\n \n\n(c)\n\nThe following table summarizes common stock repurchases during the three months ended March 31, 2026:\n\n \n\nPeriod\n\n \n\nTotal Number of Shares Purchased\n\n \n \n\nAverage Price Paid per Share\n\n \n \n\nTotal Number of Shares Repurchased as Part of Publicly Announced Plan or Program\n\n \n \n\nMaximum Dollar Value of Shares that May Yet Be Repurchased Under the Plan or Program\n\n \n\nJanuary 1, 2026 - January 31, 2026\n\n \n \n3,039\n \n \n$\n40.29\n \n \n \n3,039\n \n \n$\n4,167,431\n \n\nFebruary 1, 2026 - February 28, 2026\n\n \n \n11,986\n \n \n \n41.48\n \n \n \n11,986\n \n \n \n3,670,283\n \n\nMarch 1, 2026 - March 31, 2026\n\n \n \n—\n \n \n \n—\n \n \n \n—\n \n \n \n—\n \n\nTotal for the quarter\n\n \n \n15,025\n \n \n$\n41.24\n \n \n \n15,025\n \n \n$\n3,670,283\n \n\n____________________________\n\n \n\nOn October 27, 2025, the Company publicly announced a stock repurchase program, authorizing the repurchase of up to $5.0 million of Company common stock, in addition to any amounts remaining under the prior program.  Repurchases under this program may occur from time to time in the open market, through privately negotiated transactions, or by withholding shares upon the exercise of equity awards, over a 12-month period ending October 27, 2026.\n\n \n\n57\n\n[Table of Contents](#toc)\n\n \n\nThe actual timing, price, and number of shares repurchased under the program will depend on a number of factors, including constraints specified pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, price, general business and market conditions, and alternative investment opportunities.  The share repurchase program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time. \n\n \n\n**Item** **3.**  **Defaults Upon Senior Securities**\n\n \n\nNot applicable.\n\n \n\n**Item** **4.** **Mine Safety Disclosures**\n\n \n\nNot applicable."}