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Citizens Financial Services insider sale: 3,000 shares disposed at $60

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Thomas E. Freeman, a director of Citizens Financial Services, Inc. (CZFS), reported a sale of common stock on 08/22/2025. The filing shows 3,000 shares were disposed of at a price of $60 per share, leaving 12,568.9776 shares beneficially owned and reported as direct ownership. The Form 4 was submitted under power of attorney by Gina Marie Boor.

Positive

  • Timely disclosure of an insider transaction including transaction date, price, and post-transaction ownership
  • Clear indication that the Form 4 was filed under a power of attorney, documenting authorized filing procedures

Negative

  • None.

Insights

TL;DR: Director reported a routine sale of 3,000 shares at $60; filing discloses remaining direct beneficial ownership.

The Form 4 documents a single non-derivative sale by a director, executed 08/22/2025. The report provides required disclosure of the transaction date, number of shares sold, sale price, and post-transaction beneficial ownership of 12,568.9776 shares. The filing was executed via power of attorney, which is explicitly noted. There are no derivatives or additional transactions disclosed.

TL;DR: This is a standard insider disclosure showing compliance with Section 16 reporting for a director sale.

The document reflects a routine Section 16 filing: a director (Thomas E. Freeman) sold 3,000 common shares at $60 each and retained a reported direct stake of 12,568.9776 shares. The presence of a signed power of attorney is noted, indicating the filing agent acted on the reporting person's behalf. No grants, options, or other material changes to ownership structure are reported.

Insider Freeman Thomas E.
Role Director
Sold 3,000 shs ($180K)
Type Security Shares Price Value
Sale COMMON CLASS 3,000 $60.00 $180K
Holdings After Transaction: COMMON CLASS — 12,568.978 shares (Direct)
Footnotes (1)
Form 4 Insider Transactions: What Each Field Means →
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*
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)
08/22/2025
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 08/22/2025 S 3,000 D $60 12,568.9776 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:
GINA MARIE BOOR FOR THOMAS E. FREEMAN UNDER POWER OF ATTORNEY DATED 12/23/2009 08/22/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction did Thomas E. Freeman report on Form 4 for CZFS?

He reported a sale of 3,000 common shares on 08/22/2025 at a price of $60 per share.

How many CZFS shares does the reporting person beneficially own after the transaction?

The Form 4 reports 12,568.9776 shares beneficially owned following the reported sale.

Was the Form 4 filed directly by the reporting person for CZFS?

The filing indicates it was submitted under power of attorney by Gina Marie Boor for Thomas E. Freeman.

Does the Form 4 for CZFS disclose any derivative securities or options?

No. The filing shows only a non-derivative common stock sale; no derivative securities are reported.

What is the reporting person's relationship to Citizens Financial Services (CZFS)?

The Form 4 identifies Thomas E. Freeman as a Director of the issuer.