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Civista Bancshares Insider Adds Shares in $21.25 Offering

Filing Impact
(Neutral)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Civista Bancshares, Inc. (CIVB) – Form 4 insider activity

Director Mark J. Macioce purchased 640 common shares of CIVB on July 11 2025 at $21.25 per share in an underwritten public offering that closed on July 14 2025. Following the transaction, the director now holds approximately 3,556 shares directly (640 newly acquired plus 2,915.736 previously held). No derivative securities were involved, and there were no dispositions.

  • The purchase represents a modest increase and signals personal confidence, but the number of shares is immaterial relative to the company’s 15 million-plus shares outstanding.
  • No other officers or 10% owners were listed on this filing.

The filing is routine and carries limited financial impact but may still be viewed positively by investors who monitor insider sentiment.

Positive

  • Director purchase: Acquisition of 640 shares at $21.25 shows insider confidence.

Negative

  • Immaterial size: Transaction represents an insignificant fraction of shares outstanding and is unlikely to influence valuation.

Insights

TL;DR: Small insider buy, mildly positive signal, immaterial financial impact.

Director Macioce’s acquisition adds roughly $13.6 k of stock, boosting his direct stake to about 3.6 k shares. While insider purchases generally convey confidence, the volume is less than 0.03 % of CIVB’s shares outstanding, so market impact should be negligible. The purchase during a public offering suggests alignment with the offering price rather than opportunistic open-market buying. Overall sentiment: marginally positive, but not a catalyst.

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).
1. Name and Address of Reporting Person*
Macioce Mark J.

(Last) (First) (Middle)
10585 WYNDTREE DRIVE

(Street)
CONCORD TOWNSHIP OH 44077

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CIVISTA BANCSHARES, INC. [ CIVB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025
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 07/11/2025(1) P 640 A $21.25 640 D
Common 2,915.736 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. These shares of the issuer's common stock were purchased in an underwritten public offering by the Issuer that closed on July 14, 2025.
/s/ Lori A. Castillo, By Power of Attorney 07/15/2025
** 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 CIVB shares did Director Mark J. Macioce buy?

He purchased 640 common shares.

At what price were the CIVB shares acquired?

The shares were bought at $21.25 per share.

When did the CIVB insider transaction occur?

The transaction date was July 11 2025, with the public offering closing on July 14 2025.

What is the director’s total direct CIVB shareholding after the transaction?

He now directly owns approximately 3,556 shares.

Did the Form 4 include any derivative security activity?

No, no derivatives were reported in this filing.

Is this purchase significant relative to CIVB’s total shares outstanding?

No, it represents less than 0.03 % of total shares, implying minimal impact.
Civista Bancshar

NASDAQ:CIVB

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470.76M
20.31M
2.31%
47.4%
0.53%
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