On February 15, 2024, Stilwell Value LLC announced that its purpose in acquiring shares of Common Stock of Sound Financial Bancorp, Inc is to profit from the appreciation in the market price of the shares of Common Stock through asserting shareholder rights. Stilwell Value expressed that it does not believe the value of the Company?s assets is adequately reflected in the current market price of the Company?s Common Stock. In addition, Stilwell Value stated that it intends to work with management and the Board of the Company to maximize shareholder value.