CZNC director adds 70 shares via dividend reinvestment

CITIZENS & NORTHERN CORP director Stephen M. Dorwart reported routine share changes tied to a dividend reinvestment plan.

Rhea-AI Filing Summary

CITIZENS & NORTHERN CORP director Stephen M. Dorwart reported routine share changes tied to a dividend reinvestment plan. On May 15, 2026, 70 shares of common stock were acquired at $20.85 per share through automatic reinvestment of a cash dividend.

Following this transaction, Dorwart directly holds 14,474 common shares and also has 6,548 shares reported as indirectly owned by a corporation. These updates reflect administrative, compensation-like activity rather than open-market buying or selling.

Insider Trade Summary

Other: 70 shares

Other 2 txns

Insider Dorwart Stephen M

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	70	$20.85	$1K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 14,474 shares (Direct); Common Stock — 6,548 shares (Indirect, By Corporation)

Footnotes (1)

1. F1. Shares acquired through reinvestment of cash dividend under a dividend reinvestment plan.

Key Figures

Dividend reinvestment shares: 70 shares Dividend reinvestment price: $20.85/share Direct holdings after transaction: 14,474 shares +1 more

4 metrics

Dividend reinvestment shares 70 shares Common Stock acquired via dividend reinvestment plan on May 15, 2026

Dividend reinvestment price $20.85/share Price per share for 70 Common Stock shares

Direct holdings after transaction 14,474 shares Common Stock directly owned after May 15, 2026 transaction

Indirect holdings 6,548 shares Common Stock held indirectly, noted as By Corporation

Key Terms

dividend reinvestment plan, transaction code J, indirect ownership, Form 4

4 terms

dividend reinvestment plan financial

"Shares acquired through reinvestment of cash dividend under a dividend reinvestment plan."

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

transaction code J financial

"transaction_code": "J","transaction_code_description": "Other acquisition or disposition""

indirect ownership financial

""direct_or_indirect": "I","nature_of_ownership": "By Corporation""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did CZNC director Stephen M. Dorwart report?

Stephen M. Dorwart reported acquiring 70 CZNC common shares. These were obtained via a dividend reinvestment plan, meaning cash dividends were automatically used to buy additional stock instead of being paid out in cash.

At what price were the new CZNC shares acquired under the dividend reinvestment plan?

The 70 CZNC shares were acquired at $20.85 per share. This price reflects the transaction value used in the dividend reinvestment plan when converting Dorwart’s cash dividend into additional common stock.

How many CZNC shares does Stephen M. Dorwart hold directly after this filing?

After the reported transaction, Stephen M. Dorwart directly holds 14,474 shares of CZNC common stock. This figure comes from the post-transaction ownership reported in the Form 4 filing for his direct holdings.

Does Stephen M. Dorwart report any indirect ownership of CZNC shares?

Yes. The Form 4 shows 6,548 CZNC shares held indirectly, noted as owned “By Corporation.” This indicates an entity-related holding, separate from Dorwart’s directly held 14,474 common shares.

What does transaction code J mean in this CZNC Form 4 filing?

Transaction code J indicates an “other acquisition or disposition.” In this case, a footnote explains the 70-share increase came from a dividend reinvestment plan, where dividends were automatically reinvested into additional CZNC shares.

Was the CZNC insider transaction an open-market buy or sell?

No. The Form 4 describes the 70-share change as an “other” transaction, specifically a dividend reinvestment plan acquisition. That means the shares were not purchased or sold in the open market by the insider.

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

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Accepted by SEC EDGAR 05/21/2026 - 04:10 PM 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^*

Dorwart Stephen M

(Last) (First) (Middle)

234 CEDAR ROAD

(Street)

MULLICA HILL NEW JERSEY 08062

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CITIZENS & NORTHERN CORP [ CZNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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 Stock	05/15/2026		J(1)	V	70	A	$20.85	14,474	D
Common Stock								6,548	I	By Corporation

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:

1. Shares acquired through reinvestment of cash dividend under a dividend reinvestment plan.

	/s/ Melinda S. Kilburn for Stephen M Dorwart, 3/20/25, Attorney-in-Fact	05/21/2026
	** 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)