What is the significance of the $0.0000 price in the CZFS share grant?

The $0.0000 per-share price indicates the 563 COMMON CLASS shares were granted without cash consideration. This reflects a stock-based compensation award to Randall E. Black, rather than a purchase requiring payment in the market.

Citizens Financial Services (CZFS) CEO granted 563 new shares in Form 4

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BLACK RANDALL E reported acquisition or exercise transactions in this Form 4 filing.

CITIZENS FINANCIAL SERVICES INC reported that CEO and President Randall E. Black received a grant of 563 shares of COMMON CLASS stock at a price of $0.0000 per share. Following this award, his direct holdings total 46,486.6304 shares. The filing also notes 316 shares of COMMON CLASS stock held indirectly through his spouse.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider BLACK RANDALL E

Role CEO & PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	COMMON CLASS	563	$0.00	--
holding	COMMON CLASS	--	--	--

Holdings After Transaction: COMMON CLASS — 46,486.63 shares (Direct, null); COMMON CLASS — 316 shares (Indirect, BY SPOUSE)

Footnotes (1)

Key Figures

Share grant: 563 shares Direct holdings after grant: 46,486.6304 shares Indirect spouse holdings: 316 shares +3 more

6 metrics

Share grant 563 shares COMMON CLASS grant at $0.0000 per share

Direct holdings after grant 46,486.6304 shares COMMON CLASS held directly by Randall E. Black after transaction

Indirect spouse holdings 316 shares COMMON CLASS held indirectly by spouse

Grant price $0.0000 per share Price for 563-share award

Acquire transactions count 1 One grant/award acquisition in transaction summary

Holding entries 1 One holding entry reflecting spouse ownership

Key Terms

Grant, award, or other acquisition, COMMON CLASS, indirect, BY SPOUSE

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

COMMON CLASS financial

"security_title: COMMON CLASS"

indirect financial

"ownership_type: indirect"

BY SPOUSE financial

"nature_of_ownership: BY SPOUSE"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 09:59 AM Accepted by SEC EDGAR 06/26/2026 - 09:58 AM

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^*

BLACK RANDALL E

(Last)

(First)

(Middle)

POST OFFICE BOX 19

(Street)

LIBERTY

PENNSYLVANIA

16930

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CITIZENS FINANCIAL SERVICES INC [ CZFS ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO & PRESIDENT

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
COMMON CLASS	06/25/2026		A		563	A	$0	46,486.6304	D
COMMON CLASS								316	I	BY SPOUSE

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

STOCK AWARDS GRANTED PURSUANT TO THE CITIZENS FINANCAL SERVICES, INC. 2026 EQUITY INCENTIVE PLAN.

	GINA MARIE BOOR FOR RANDALL E. BLACK UNDER POWER OF ATTORNEY DATED 08/30/2002	06/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CZFS CEO Randall E. Black report?

Randall E. Black reported receiving a grant of 563 shares of COMMON CLASS stock at $0.0000 per share. This compensation-related award increased his direct ownership to 46,486.6304 shares, as reflected in the Form 4 filing.

How many CZFS shares does Randall E. Black own after this Form 4?

After the reported grant, Randall E. Black directly holds 46,486.6304 shares of COMMON CLASS stock. The filing also shows 316 additional shares held indirectly through his spouse, giving investors a clearer picture of his total reported exposure.

Was the CZFS Form 4 transaction a market purchase or sale?

The Form 4 shows a grant of 563 COMMON CLASS shares at $0.0000 per share, categorized as a grant or award acquisition. It is a compensation-related share award rather than an open-market purchase or sale transaction.

Does the CZFS Form 4 disclose any indirect ownership by Randall E. Black?

Yes. The filing lists 316 shares of COMMON CLASS stock held indirectly, noted as owned by his spouse. This indirect position is reported separately from his 46,486.6304 directly owned shares in the same Form 4.