[Form 4] Citizens Financial Services, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Retired director Alletta M. Schadler reported a minor change in ownership of Citizens Financial Services Inc. (CZFS) common stock on 06/27/2025.

The Form 4 shows the acquisition of 298 shares at a reference price of $60.42 through a 1% stock dividend (transaction code “J”). This non-cash event increased her direct holdings to 30,139 shares. No derivative securities were involved and no shares were sold.

The transaction is routine, reflects standard dividend issuance, and does not signal any shift in insider sentiment or corporate strategy.

Insights

Financial Analyst

TL;DR: Small, dividend-driven share increase; neutral for valuation.

The 298-share addition, representing roughly 1% of the insider’s position, results from a stock dividend rather than active buying. Because the event is non-cash and immaterial relative to CZFS’s float, it offers no meaningful insight into future earnings or market perception. The insider retains her stake, so there is no negative signal, but the size is too small to be viewed as bullish. Overall impact on liquidity, EPS, and valuation multiples is negligible.

Corporate Governance Expert

TL;DR: Routine Form 4 filing, governance compliance maintained.

The filing demonstrates timely Section 16 compliance and transparent disclosure of an automatic stock-dividend distribution. No discretionary trading activities occurred, and the retired director’s continued ownership aligns with long-term alignment principles. Governance risk remains unchanged, and there are no red flags such as 10b5-1 usage or large dispositions. Accordingly, the event is procedurally important but strategically neutral.

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^*

SCHADLER ALLETTA M

(Last) (First) (Middle)

215 WEST MAIN STREET

(Street)

FREDERICKSBURG PA 17026

(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		298	A	$60.42	30,139	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:

Remarks:

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

	GINA MARIE BOOR FOR ALLETTA M. SCHADLER UNDER POWER OF ATTORNEY DATED 11/24/2015	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.

FAQ

What did the Form 4 reveal about insider activity at CZFS?

It disclosed that retired director Alletta M. Schadler received 298 CZFS shares via a 1% stock dividend on 06/27/2025.

How many Citizens Financial Services (CZFS) shares were acquired and at what price?

298 shares were credited at a reference price of $60.42 per share.

What transaction code was used in the filing and what does it mean?

Transaction code “J” indicates an acquisition through other means, in this case a stock dividend.

What is Alletta M. Schadler’s total CZFS shareholding after this transaction?

Her direct ownership increased to 30,139 shares of CZFS common stock.

Did the insider sell any CZFS shares in this Form 4?

No. The filing reports only an acquisition; there were no dispositions.