# EDGAR Filing Document

**Accession Number:** 0001599170
**File Stem:** 0001171520-23-000046
**Filing Date:** 2023-2
**Character Count:** 17007
**Document Hash:** bcdef5f2216b0fa3630a2ece05b5e0d1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001171520-23-000046.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001171520-23-000046

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**GROUP MEMBERS**: FINANCIAL OPPORTUNITY FUND LLC

**GROUP MEMBERS**: MARTIN S. FRIEDMAN

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Savings Financial Group, Inc.
- **CENTRAL INDEX KEY:** 0001435508
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **IRS NUMBER:** 371567871
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-84392
- **FILM NUMBER:** 23598546

**BUSINESS ADDRESS:**
- **STREET 1:** 702 NORTH SHORE DRIVE
- **STREET 2:** SUITE 300
- **CITY:** JEFFERSONVILLE
- **STATE:** IN
- **ZIP:** 47130
- **BUSINESS PHONE:** 812-283-0724

**MAIL ADDRESS:**
- **STREET 1:** 702 NORTH SHORE DRIVE
- **STREET 2:** SUITE 300
- **CITY:** JEFFERSONVILLE
- **STATE:** IN
- **ZIP:** 47130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Savings Financial Group Inc
- **DATE OF NAME CHANGE:** 20080519
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FJ Capital Management LLC
- **CENTRAL INDEX KEY:** 0001599170
- **IRS NUMBER:** 261588525
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 7901 JONES BRANCH DR.
- **STREET 2:** SUITE 210
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102
- **BUSINESS PHONE:** (703) 875-8378

**MAIL ADDRESS:**
- **STREET 1:** 7901 JONES BRANCH DR.
- **STREET 2:** SUITE 210
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 13G**

**Under the Securities Exchange Act of 1934**

**(Amendment No. 9) \***

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| |
|:---|
| **First Savings Financial Group (FSFG)** |
| &nbsp;&nbsp;(Name of Issuer) |
| **Common Stock** |
| &nbsp;&nbsp;(Title of Class of Securities) |
| &nbsp;&nbsp;33621E109 |
| &nbsp;&nbsp;(CUSIP Number) |
| **12/31/2022** |
| &nbsp;&nbsp;(Date of Event Which Requires Filing of this Statement) |

---

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

---

| | |
|:---|:---|
| ☐ | Rule 13d-1(b) |
| ☑ | Rule 13d-1(c) |
| ☐ | Rule 13d-1(d) |

---

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

---

| | | |
|:---|:---|:---|
| **CUSIP No** . | 33621E109 | Page 2 of 9 |

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| | | | | |
|:---|:---|:---|:---|:---|
| <br> **1** | <br> NAME OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS<br> (ENTITIES ONLY)  | <br> NAME OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS<br> (ENTITIES ONLY)  | <br> NAME OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS<br> (ENTITIES ONLY)  | FJ Capital Management LLC<br>|
| <br> **2** | <br> CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | <br> CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | <br> CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☑<br> (b) ☐ |
| <br> **3** | <br> SEC USE ONLY | <br> SEC USE ONLY | <br> SEC USE ONLY |  |
| <br> **4** | <br> CITIZENSHIP OR PLACE OF ORGANIZATION | <br> CITIZENSHIP OR PLACE OF ORGANIZATION | <br> CITIZENSHIP OR PLACE OF ORGANIZATION | Delaware |
| NUMBER OF<br> SHARES | NUMBER OF<br> SHARES | **5** | SOLE VOTING POWER |  |
| BENEFICIALLY<br> OWNED BY | BENEFICIALLY<br> OWNED BY | **6** | SHARED VOTING POWER | 312510 (1) |
| EACH<br> REPORTING | EACH<br> REPORTING | **7** | SOLE DISPOSITIVE POWER |  |
| PERSON<br> WITH: | PERSON<br> WITH: | **8** | SHARED DISPOSITIVE POWER | 312510 (1) |
| <br> **9** | <br> AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 312510 (1) |
| <br> **10** | <br> CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | <br> CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | <br> CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| <br> **11** | <br> PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 4.47% |
| <br> **12** | <br> TYPE OF REPORTING PERSON | <br> TYPE OF REPORTING PERSON | <br> TYPE OF REPORTING PERSON | IA |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Consists of **312,510** shares of
common stock of the Issuer held by Financial Opportunity Fund LLC of which FJ Capital Management LLC is the managing member; as such,
the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial
ownership.

---

| | | |
|:---|:---|:---|
| **CUSIP No** . | 33621E109 | Page 3 of 9 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| <br> **1** | <br> NAME OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS<br> (ENTITIES ONLY)  | <br> NAME OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS<br> (ENTITIES ONLY)  | <br> NAME OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS<br> (ENTITIES ONLY)  | Financial Opportunity Fund LLC<br>|
| <br> **2** | <br> CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | <br> CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | <br> CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☑<br> (b) ☐ |
| <br> **3** | <br> SEC USE ONLY | <br> SEC USE ONLY | <br> SEC USE ONLY |  |
| <br> **4** | <br> CITIZENSHIP OR PLACE OF ORGANIZATION | <br> CITIZENSHIP OR PLACE OF ORGANIZATION | <br> CITIZENSHIP OR PLACE OF ORGANIZATION | Delaware |
| NUMBER OF<br> SHARES | NUMBER OF<br> SHARES | **5** | SOLE VOTING POWER |  |
| BENEFICIALLY<br> OWNED BY | BENEFICIALLY<br> OWNED BY | **6** | SHARED VOTING POWER | 312510 (1) |
| EACH<br> REPORTING | EACH<br> REPORTING | **7** | SOLE DISPOSITIVE POWER |  |
| PERSON<br> WITH: | PERSON<br> WITH: | **8** | SHARED DISPOSITIVE POWER | 312510 (1) |
| <br> **9** | <br> AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 312510 (1) |
| <br> **10** | <br> CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | <br> CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | <br> CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| <br> **11** | <br> PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 4.47% |
| <br> **12** | <br> TYPE OF REPORTING PERSON | <br> TYPE OF REPORTING PERSON | <br> TYPE OF REPORTING PERSON | OO |

---

(1) Consists of 312,510 shares of common
stock of the Issuer held by Financial Opportunity Fund LLC.

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| | | |
|:---|:---|:---|
| **CUSIP No** . | 33621E109 | Page 4 of 9 |

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| | | | | |
|:---|:---|:---|:---|:---|
| <br> **1** | <br> NAME OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS<br> (ENTITIES ONLY)  | <br> NAME OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS<br> (ENTITIES ONLY)  | <br> NAME OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS<br> (ENTITIES ONLY)  | Martin Friedman<br>|
| <br> **2** | <br> CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | <br> CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | <br> CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☑<br> (b) ☐ |
| <br> **3** | <br> SEC USE ONLY | <br> SEC USE ONLY | <br> SEC USE ONLY |  |
| <br> **4** | <br> CITIZENSHIP OR PLACE OF ORGANIZATION | <br> CITIZENSHIP OR PLACE OF ORGANIZATION | <br> CITIZENSHIP OR PLACE OF ORGANIZATION | United States |
| NUMBER OF<br> SHARES | NUMBER OF<br> SHARES | **5** | SOLE VOTING POWER | 215382 (1) |
| BENEFICIALLY<br> OWNED BY | BENEFICIALLY<br> OWNED BY | **6** | SHARED VOTING POWER | 312510 (2) |
| EACH<br> REPORTING | EACH<br> REPORTING | **7** | SOLE DISPOSITIVE POWER | 215382 (1) |
| PERSON<br> WITH: | PERSON<br> WITH: | **8** | SHARED DISPOSITIVE POWER | 312510 (2) |
| <br> **9** | <br> AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 527892 (3) |
| <br> **10** | <br> CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | <br> CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | <br> CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| <br> **11** | <br> PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 7.55% |
| <br> **12** | <br> TYPE OF REPORTING PERSON | <br> TYPE OF REPORTING PERSON | <br> TYPE OF REPORTING PERSON | IN |

---

(1) Consists of **215,382** shares of
common stock of the Issuer held directly by Martin Friedman, Co-Founder and Managing Member of FJ Capital Management LLC.

(2) Consists of **312,510** shares of
common stock of the Issuer held by Financial Opportunity Fund LLC of which FJ Capital Management LLC is the managing member. Martin Friedman
is the Managing Member of FJ Capital Management LLC; as such, Mr. Friedman may be deemed to be a beneficial owner of reported shares but
as to which Mr. Friedman disclaims beneficial ownership.

(3) Consists of **312,510** shares of
common stock of the Issuer held by Financial Opportunity Fund LLC of which FJ Capital Management LLC is the managing member. Martin Friedman
is the Managing Member of FJ Capital Management LLC; as such, Mr. Friedman may be deemed to be a beneficial owner of reported shares but
as to which Mr. Friedman disclaims beneficial ownership, and **215,382** shares of common stock of the Issuer held directly by Martin
Friedman.

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| | | |
|:---|:---|:---|
| **CUSIP No** . | 33621E109 | Page 5 of 9 |

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| | |
|:---|:---|
| **Item 1(a).** | **Name of Issuer:** |
|  | First Savings Financial Group (FSFG) |
| **Item 1(b).** | **Address of Issuer's Principal Executive Offices:** |
|  | 501 East Lewis & Clark Parkway |
|  | Clarksville, IN 47129 |
| **Item 2(a).** | **Name of Person Filing:** |
|  | This Schedule 13G is being filed on behalf of the following Reporting Persons:<br> Financial Opportunity Fund LLC<br> FJ Capital Management LLC<br> Martin Friedman |
| **Item 2(b).** | **Address of Principal Business Office or, if None, Residence:** |
|  | FJ Capital Management, LLC<br> 7901 Jones Branch Drive, Suite 210<br> McLean, VA 22102<br>Financial Opportunity Fund LLC<br> 7901 Jones Branch Drive, Suite 210<br> McLean, VA 22102<br>Martin Friedman<br> 7901 Jones Branch Drive, Suite 210<br> McLean, VA 22102<br>|
| **Item 2(c).** | **Citizenship:** |
|  | Financial Opportunity Fund LLC and FJ Capital Management LLC – Delaware limited liability companies<br> Martin Friedman – United States citizen<br>|

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| | | |
|:---|:---|:---|
| **CUSIP No** . | 33621E109 | Page 6 of 9 |

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| | | |
|:---|:---|:---|
| **Item 2(d).** |  | **Title of Class of Securities:** |
|  |  | Common Stock |
| **Item 2(e).** |  | **CUSIP Number:** |
|  |  | 33621E109 |
| **Item 3.** | **If This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a:** | **If This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a:** |

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(a) ☐ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).

(b) ☐ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) ☐ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) ☐ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f) ☐ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g) ☐ A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);

(h) ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) ☐ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);

(j) ☐ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

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| | |
|:---|:---|
| **Item 4.** | **Ownership.** |
|  | Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. |

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| | |
|:---|:---|
| (a) | Amount beneficially owned: |
|  | FJ Capital Management LLC – 312,510 shares<br> Financial Opportunity Fund LLC – 312,510 shares<br> Martin Friedman – 527,892 shares<br>|

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| | | |
|:---|:---|:---|
| **CUSIP No** . | 33621E109 | Page 7 of 9 |

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| | |
|:---|:---|
| (b) | Percent of class: |
|  | FJ Capital Management LLC – 4.47%<br> Financial Opportunity Fund LLC – 4.47%<br> Martin Friedman – 7.55% |
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote |
|  | Martin Friedman – 215,382 shares |
| (ii) | Shared power to vote or to direct the vote |
|  | FJ Capital Management LLC – 312,510 shares<br> Financial Opportunity Fund LLC – 312,510 shares<br> Martin Friedman – 312,510 shares |
| (iii) | Sole power to dispose or to direct the disposition of |
|  | Martin Friedman – 215,382 shares |
| (iv) | Shared power to dispose or to direct the disposition of |
|  | FJ Capital Management LLC – 312,510 shares<br> Financial Opportunity Fund LLC – 312,510 shares<br> Martin Friedman – 312,510 shares |

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| | |
|:---|:---|
| **Item 5.** | **Ownership of Five Percent or Less of a Class.** |
|  | If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐ |
| **Item 6.** | **Ownership of More than Five Percent on Behalf of Another Person.** |
|  | N/A. |

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| | | |
|:---|:---|:---|
| **CUSIP No** . | 33621E109 | Page 8 of 9 |

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| | |
|:---|:---|
| **Item 7.** | **Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.** |
|  | N/A |
| **Item 8.** | **Identification and Classification of Members of the Group.** |
|  | Due to the relationships among them, the reporting persons hereunder may be deemed to constitute a "group" with one another for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934. |
| **Item 9.** | **Notice of Dissolution of Group.** |
|  | N/A |
| **Item 10.** | **Certification.** |

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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.

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| | | |
|:---|:---|:---|
| **CUSIP No** . | 33621E109 | Page 9 of 9 |

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After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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|:---|:---|
| <br> Date: 1/27/2023<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Opportunity Fund LLC**<br> By: FJ Capital Management LLC, its Managing Member<br>By: /s/<u>Martin Friedman</u> <br> Name: Martin Friedman<br> Title: Managing Member<br>**FJ Capital Management LLC**<br>By: /s/_<u>Martin Friedman</u> <br> Name: Martin Friedman<br> Title: Managing Member<br>/s/_<u>Martin Friedman</u> <br> MARTIN FRIEDMAN<br>|

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