Citizens Financial Services (CZFS) awards 343 stock shares to EVP

Rhea-AI Filing Summary

RICHARDS DAVID Z JR reported acquisition or exercise transactions in this Form 4 filing.

Citizens Financial Services Inc. Executive Vice President and director David Z. Richards Jr. received a grant of 343 shares of common stock on July 22, 2026, as a stock award under the 2026 Equity Incentive Plan. Following this grant, he directly holds 1,851 common shares.

Insider Trade Summary

Net Buyer: 343 shares

Net Buy 1 txn

Insider RICHARDS DAVID Z JR

Role EXECUTIVE VICE PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	COMMON CLASS	343	$0.00	$0.00

Holdings After Transaction: COMMON CLASS — 1,851 shares (Direct)

Key Figures

Stock award: 343 shares Grant price: $0.0000 per share Shares held after transaction: 1,851 shares

3 metrics

Stock award 343 shares Common stock granted to David Z. Richards Jr. on July 22, 2026

Grant price $0.0000 per share Reported price per share for the stock award

Shares held after transaction 1,851 shares Direct common shares held by David Z. Richards Jr. following the grant

Key Terms

Equity Incentive Plan, Grant, award, or other acquisition, non-derivative

3 terms

Equity Incentive Plan financial

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

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

non-derivative financial

"transaction_type: non-derivative"

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

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Available on EDGAR 07/23/2026 - 07:19 AM Accepted by SEC EDGAR 07/23/2026 - 07:19 AM Learn about SEC filing dates

FAQ

What insider transaction did David Z. Richards Jr. report at CZFS?

David Z. Richards Jr. reported receiving a grant of 343 common shares of Citizens Financial Services Inc. stock. The shares were awarded as a stock grant, not bought in the open market, and were issued at a reported price of $0.0000 per share.

How many CZFS shares does David Z. Richards Jr. hold after this grant?

After the reported stock award, David Z. Richards Jr. directly holds 1,851 common shares of Citizens Financial Services Inc. This total includes the newly granted 343 shares and reflects his updated direct ownership position following the July 22, 2026 transaction.

Was the July 22, 2026 CZFS transaction a purchase or a grant?

The July 22, 2026 transaction for CZFS was a grant/award acquisition, not a market purchase. Richards received 343 common shares at a price of $0.0000 per share, categorized as a non-derivative stock award rather than an open-market buy or sell.

Under what plan were the 343 CZFS shares granted to David Z. Richards Jr.?

The 343-share stock award to David Z. Richards Jr. was granted under the Citizens Financial Services, Inc. 2026 Equity Incentive Plan. This plan provides for equity-based compensation, and the reported grant represents common shares issued as part of that program.

What role does David Z. Richards Jr. hold at Citizens Financial Services (CZFS)?

David Z. Richards Jr. serves as an Executive Vice President and is also listed as a director of Citizens Financial Services Inc. His reported stock grant of 343 shares reflects equity compensation tied to his leadership and board responsibilities at the company.

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^*

RICHARDS DAVID Z JR

(Last) (First) (Middle)

209 TWIGS LANE

(Street)

STATE COLLEGE PENNSYLVANIA 16801

(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)
	EXECUTIVE VICE PRESIDENT

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2026

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)
			Code	V	Amount	(A) or (D)	Price
COMMON CLASS	07/22/2026		A		343	A	$0	1,851	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 AWARDS GRANTED PURSUANT TO THE CITIZENS FINANCIAL SERVICES, INC. 2026 EQUITY INCENTIVE PLAN.

	GINA MARIE BOOR FOR DAVID Z RICHARDS, JR UNDER POWER OF ATTORNEY DATED 12/08/2017	07/23/2026
	** 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)