[Form 4] CITIZENS FINANCIAL SERVICES INC Insider Trading Activity

Rhea-AI Filing Summary

Form 4 summary: The director Thomas E. Freeman reported an acquisition of 94 common shares in Citizens Financial Services Inc (CZFS) on 09/15/2025 as a stock award with no cash price recorded ($0). After the award, his beneficial ownership is reported as 12,662.9776 shares. The Form 4 indicates the report was filed by an authorized representative under power of attorney.

Positive

• Insider received a stock award of 94 shares, aligning management/director compensation with shareholder interests
• Beneficial ownership increased to 12,662.9776 shares, improving insider alignment with company performance

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A director received a small stock award, modestly increasing insider ownership; routine governance disclosure.

The reported transaction is a non-cash stock award of 94 common shares to a sitting director, increasing beneficial ownership to 12,662.9776 shares. This is a routine Section 16 disclosure showing compensation-through-equity rather than an open-market purchase or sale. The size of the award is small relative to total reported holdings, implying limited immediate impact on control or economic exposure. Documentation shows the filing was submitted via power of attorney, a common administrative practice.

Securities Analyst

TL;DR: Insider equity grant disclosed; immaterial to valuation but useful for ownership tracking.

The transaction code and remarks identify the grant as a stock award rather than a market trade. Since the award quantity (94 shares) is small relative to the reported total (12,662.9776 shares), it is unlikely to affect market perception or voting dynamics. The disclosure fulfills regulatory transparency requirements under Section 16 and helps reconcile insider holdings.

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
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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^*

Freeman Thomas E.

(Last) (First) (Middle)

831 KELLYTOWN ROAD

(Street)

MANSFIELD PA 16933

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		A		94	A	$0	12,662.9776	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:

STOCK AWARD

	GINA MARIE BOOR FOR THOMAS E. FREEMAN UNDER POWER OF ATTORNEY DATED 12/23/2009	09/16/2025
	** 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 transaction did Thomas E. Freeman report on Form 4 for CZFS?

The Form 4 reports a stock award of 94 common shares acquired on 09/15/2025 with a recorded price of $0.

How many CZFS shares does Thomas E. Freeman beneficially own after the transaction?

After the reported award, the Form 4 shows 12,662.9776 shares beneficially owned.

Was the Form 4 filing for CZFS submitted by the reporting person or someone else?

The filing indicates it was submitted by an authorized representative (Gina Marie Boor under power of attorney), not directly by the reporting person.

Does the Form 4 show this transaction was a market purchase or a compensation award?

The remarks label the transaction as a stock award, indicating compensation rather than an open-market purchase.