CZFS insider receives 1% stock dividend; adds ~69 shares – Form 4

CITIZENS FINANCIAL SERVICES, INC.

Rhea-AI Filing Summary

CITIZENS FINANCIAL SERVICES, INC. (CZFS) – Form 4 insider update

Retired director E. Gene Kosa reported a routine, non-open-market acquisition stemming from the company’s 1% stock dividend declared at a reference price of $60.42 per share. On 06/27/2025, Kosa received 68.9758 new common shares (Transaction Code J), lifting his direct ownership to 6,978.5578 shares. An additional 22 shares remain held indirectly through his spouse; no change was recorded for that position.

No sales, options, or other derivative transactions were disclosed. Because the event is a proportional dividend distributed to all shareholders, it neither signals insider sentiment nor alters the company’s capital structure in a way that is likely to affect valuation.

Insights

Securities Analyst

TL;DR: Routine 1% stock dividend adds ~69 shares to insider’s holdings; no buy/sell signal, negligible market impact.

The filing shows a mechanical increase in holdings due to a declared 1% stock dividend, coded J, which is exempt under Rule 16a-9. Because every shareholder receives the same proportional distribution, the insider’s percentage stake remains effectively unchanged. The absence of open-market purchases or sales means there is no directional insight into management’s view of CZFS’s valuation. Given the small absolute share count and no cash exchanged, this event is operationally and financially immaterial for investors.

Corporate Governance Expert

TL;DR: Filing is compliance-driven; confirms proper reporting of stock dividend, no governance red flags.

The Form 4 demonstrates that CZFS and the retired director are adhering to Section 16 reporting obligations despite the low-impact nature of the transaction. The power-of-attorney signature suggests established delegation processes dating back to 2002. No patterns of opportunistic trading or preferential treatment are evident. From a governance perspective, this is a standard, transparent disclosure with no shareholder concern.

Insider Trade Summary

Other: 68.9758 shares

Other 2 txns

Insider KOSA E GENE

Role Insider

Type	Security	Shares	Price	Value
Other	COMMON CLASS	68.9758	$60.42	$4K
holding	COMMON CLASS	--	--	--

Holdings After Transaction: COMMON CLASS — 6,978.5578 shares (Direct); COMMON CLASS — 22 shares (Indirect, BY SPOUSE)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did insider E. Gene Kosa report in the latest CZFS Form 4?

He received 68.9758 common shares via a 1% stock dividend on 06/27/2025, raising direct holdings to 6,978.5578 shares.

Was any cash paid or received in the reported CZFS transaction?

No. The acquisition was a stock dividend (Transaction Code J), so no cash changed hands.

Did the insider sell any CZFS shares or exercise options?

No sales or derivative transactions were disclosed; only the dividend shares were added.

How many CZFS shares does the insider now own indirectly?

The filing lists 22 shares held indirectly through the insider’s spouse, unchanged by the dividend.

Does this Form 4 signal bullish or bearish sentiment on CZFS?

It is neutral; the additional shares result solely from a stock dividend and do not reflect a discretionary trade.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/27/2025 - 09:29 AM Learn about SEC filing dates

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^*

KOSA E GENE

(Last) (First) (Middle)

927 PUSHERSIDING ROAD

(Street)

ULYSSES PA 16948

(City) (State) (Zip)

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

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

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			RETIRED DIRECTOR

3. Date of Earliest Transaction (Month/Day/Year)
06/27/2025

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 CLASS	06/27/2025		J		68.9758	A	$60.42	6,978.5578	D
COMMON CLASS								22	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

1% STOCK DIVIDEND BASED ON THE DECLARATION DATE MARKET PRICE OF $60.42.

	GINA MARIE BOOR FOR E. GENE KOSA UNDER POWER OF ATTORNEY DATED 08/22/2002	06/27/2025
	** 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.