Citizens Financial Services Director Adds 661 Shares via 1% Stock Dividend

Rhea-AI Filing Summary

Citizens Financial Services (CZFS) filed a Form 4 disclosing that director Roger C. Graham Jr. received 660.8883 common shares on 06/27/2025 under transaction code J, which the filing explains was a 1% stock dividend based on a declaration-date market price of $60.42 per share.

The dividend increased Graham’s direct ownership to 66,841.7194 shares. No derivative securities were reported and no open-market cash transactions occurred. Because the additional shares represent roughly 1% of the insider’s existing stake and have an indicative value of about $40 thousand, the disclosure is considered routine and carries no immediate strategic or financial implications for the company.

Insights

Corporate Governance Analyst

TL;DR: Routine dividend accrual; no strategic signal

The Form 4 merely records a pro-rata 1% stock dividend credited to Director Graham. The small relative increase (≈1% of his holdings) and passive acquisition via dividend, rather than discretionary buying, limit interpretive value for investors. No change in insider sentiment or corporate outlook can be inferred; therefore, the filing is neutral from a governance and market-impact perspective.

Insider Trade Summary

Other: 660.8883 shares

Other 1 txn

Insider GRAHAM ROGER C JR

Role Director

Type	Security	Shares	Price	Value
Other	COMMON CLASS	660.8883	$60.42	$40K

Holdings After Transaction: COMMON CLASS — 66,841.7194 shares (Direct)

FAQ

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

How many CZFS shares did Director Roger C. Graham Jr. receive in the latest Form 4?

The filing reports an acquisition of 660.8883 common shares.

What was the reason for the share acquisition disclosed by CZFS on 06/27/2025?

The shares were issued as part of a 1% stock dividend declared by Citizens Financial Services.

What is Roger C. Graham Jr.’s total direct ownership in CZFS after the transaction?

Following the dividend, his direct holdings total 66,841.7194 shares.

Did the Form 4 indicate any cash purchases or sales of CZFS shares?

No. The only reported transaction was the non-cash stock dividend; no open-market trades were disclosed.

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

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Accepted by SEC EDGAR 06/27/2025 - 07:30 AM EDT 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^*

GRAHAM ROGER C JR

(Last) (First) (Middle)

1281 BRAGUE ROAD

(Street)

CANTON PA 17724

(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)
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		660.8883	A	$60.42	66,841.7194	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 ROGER C. GRAHAM, JR. 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.