Civista Bancshares insider purchase: CEO adds 1,000 shares

Rhea-AI Filing Summary

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

CEO & President Dennis G. Shaffer reported the purchase of 1,000 common shares on 11 July 2025 at $21.25 per share, totalling roughly $21,250. The shares were bought as part of the company’s underwritten public offering that closed 14 July 2025.

Following the transaction, Shaffer now beneficially owns:

• Direct: 43,688.1797 common shares (including the new 1,000-share lot)
• Indirect (IRA): 1,477.527 common shares

The filing shows no derivative security activity and no dispositions. The incremental purchase increases Shaffer’s direct stake by about 2.3%. While the dollar amount is modest, insiders participating in primary offerings are commonly interpreted as a signal of confidence in the issuer’s near-term prospects, especially within regional banking where capital raises can be scrutinised by investors.

Positive

• CEO participated in the company’s public offering, suggesting management confidence in share valuation and strategic use of new capital.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small insider buy signals confidence but is not financially material; neutral overall impact.

The CEO’s $21k purchase during an underwritten offering marginally raises his direct ownership to roughly 44.7k shares. The buy represents about 2.3% of his existing stake and an immaterial fraction of CIVB’s ~16.0 m outstanding shares. Insider participation can reassure markets that leadership believes the capital raise is appropriately priced and accretive, yet the scale is too small to meaningfully alter alignment or valuation. No red flags—no sales, option grants, or derivative activity—accompany the disclosure. Absent broader context on the offering’s size and use-of-proceeds, I view the filing as neutral from a market-moving perspective.

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^*

Shaffer Dennis G

(Last) (First) (Middle)

2141 BAILIWICK DRIVE

(Street)

MARBLEHEAD OH 43440

(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
X	Officer (give title below)		Other (specify below)
	CEO and President

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		1,000	A	$21.25	1,000	D
Common								43,688.1797	D
Common								1,477.527	I	IRA
Depositary Shares								0	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 CEO Dennis G. Shaffer buy?

He acquired 1,000 common shares on 07/11/2025 at $21.25 per share.

What is Dennis G. Shaffer’s total CIVB ownership after the transaction?

He now owns 43,688.1797 direct shares and 1,477.527 indirect (IRA) shares.

Was any stock sold or any options exercised in this Form 4?

No. The filing reports only an open-market purchase during the public offering; no disposals or derivatives were reported.

Does the Form 4 indicate a larger capital raise by Civista Bancshares?

Yes, the shares were purchased in an underwritten public offering that the issuer closed on 07/14/2025.

Is the insider transaction considered material for CIVB investors?

Given its small size (~$21k), analysts typically view the impact as neutral to modestly positive.