[Form 4] Associated Banc-Corp Insider Trading Activity

Rhea-AI Filing Summary

Franklin Resources, Inc., together with principal shareholders Charles B. Johnson and Rupert H. Johnson, Jr., filed Amendment No. 1 to Schedule 13G covering Adverum Biotechnologies (ADVM) as of 30 Jun 2025.

• Beneficial ownership: 0 shares; 0.0 % of the common stock.
• Sole or shared voting power: none.
• The group therefore certifies ownership of “<5 %” and is no longer a reporting 5 % holder.
• Signatures executed 01 Aug 2025 by Assistant Secretary Thomas C. Mandia under powers of attorney.

The filing, made under Schedule 13G Rule 13d-1, indicates a complete exit by a previously significant institutional investor. No financial results, transaction details or strategic commentary are provided.

Positive

• None.

Negative

• Franklin Resources, Inc. and its principal shareholders report 0 shares and 0 % ownership, confirming a full exit from ADVM.

Insights

Portfolio Manager

TL;DR: Franklin Resources declares 0 % ADVM stake; removal of large holder can pressure sentiment and liquidity.

The amendment confirms that Franklin Resources and the Johnson family now hold zero ADVM shares and possess no voting or dispositive power. Their departure eliminates a once-material institutional backer, potentially reducing stable ownership and increasing free float. While the document gives no rationale, the disappearance of a concentrated holder often signals diminished conviction and could introduce supply overhang from prior sales. From a portfolio-allocation view, the change is negative for investor confidence, though impact depends on market absorption of earlier disposals.

Corporate Governance Expert

TL;DR: Filing is regulatory housekeeping; confirms the filers are below 5 % threshold.

This Schedule 13G/A fulfills disclosure obligations once ownership falls under 5 %. It clarifies that neither Franklin Resources nor its principals influence ADVM governance, as they hold no voting rights. Procedurally, the statement cleans the record and removes them from future 13D/G amendments unless a new position is built. Governance impact is neutral beyond the transparency benefit.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Meyer Derek S.

(Last) (First) (Middle)

C/O ASSOCIATED BANC-CORP

433 MAIN STREET

(Street)

GREEN BAY WI 54301

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ASSOCIATED BANC-CORP [ ASB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock $0.01 Par Value	08/04/2025		F(1)		5,883	D	$24.09	51,161.379	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares were surrendered to satisfy tax withholding obligations arising from the vesting of restricted stock - 3rd tranche vesting of Sign-on Bonus.

	/s/ Lynn M. Floeter, attorney-in-fact for Derek S. Meyer	08/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many ADVM shares does Franklin Resources report owning?

The filing lists 0 shares, representing 0.0 % of the outstanding common stock.

What is the event date for this Schedule 13G/A on ADVM?

30 June 2025 is the date triggering the filing requirement.

Who are the reporting persons in this ADVM Schedule 13G/A?

Franklin Resources, Inc., Charles B. Johnson, and Rupert H. Johnson, Jr.

What voting or dispositive power do the filers retain?

They report no sole or shared voting or dispositive power over ADVM shares.

When was the filing signed and by whom?

Signed on 01 Aug 2025 by Thomas C. Mandia, Assistant Secretary, under power of attorney.

Why does this filing matter to ADVM investors?

It confirms that a previously significant institutional holder has completely exited, potentially affecting ownership structure and market sentiment.