[Form 4] Citizens Community Bancorp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

CZWI Form 4 — Director adds to stake

On 07/31/2025 Citizens Community Bancorp director Francis E. Felber bought 3,000 common shares on the open market (transaction code “P”) at a weighted-average price of $14.80, within a $14.54-$14.97 range. His direct holdings increase from 16,950 to 19,950 shares. Including 12,690 shares in a self-directed IRA and 7,690 held through Ag Risk Managers LLC, Felber now reports total beneficial ownership of 40,330 shares.

No derivative trades, sales, or Rule 10b5-1 plans were disclosed. The purchase strengthens insider alignment and can be interpreted as a confidence signal, though the single transaction size (≈$44k) is modest relative to CZWI’s market capitalization.

Positive

• Director Francis E. Felber purchased 3,000 shares, raising total beneficial ownership to 40,330; insider buying generally signals confidence.

Negative

• None.

Insights

Bank Equity Analyst

TL;DR: Small but clear insider buy; positive sentiment, limited market impact.

Felber’s $44k purchase lifts his direct stake by ~18%. While not transformational, insider buying—especially from an independent director—historically correlates with above-average near-term returns for community bank stocks. The absence of sales or derivative hedges adds conviction. Still, the position remains below 1% of outstanding shares, so liquidity or control implications are negligible. Impact: mildly accretive to investor sentiment.

Portfolio Manager – Small-Cap Financials

TL;DR: Insider buy is supportive but immaterial to valuation.

The transaction confirms internal optimism amid a challenging rate backdrop for community banks. However, the purchase size does little to alter float dynamics or earnings outlook. I view it as a monitor event: positive for optics, neutral for fundamentals. Impact classified as low.

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^*

FELBER FRANCIS E

(Last) (First) (Middle)

C/O CITIZENS COMMUNITY BANCORP, INC.

2174 EASTRIDGE CENTER

(Street)

EAU CLAIRE WI 54701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Citizens Community Bancorp Inc. [ CZWI ]

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)
07/31/2025

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 Stock, par value $0.01 per share	07/31/2025		P		3,000	A	$14.8(1)	19,950	D
Common Stock, par value $0.01 per share								12,690	I	By IRA(2)
Common Stock, par value $0.01 per share								7,690	I	By Ag Risk Managers LLC(3)

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. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.54 to $14.97, inclusive. The reporting person undertakes to provide the SEC staff, Citizens Community Bancorp, Inc., or any security holder of Citizens Community Bancorp, Inc., upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

2. These shares are held in the reporting person's self-directed IRA.

3. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

Remarks:

	/s/ Rebecca L. Johnson, Attorney-in-fact	07/31/2025
	** 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

How many CZWI shares did Director Francis E. Felber buy?

He acquired 3,000 common shares on 07/31/2025.

What price did CZWI shares trade at in the insider purchase?

The weighted-average price was $14.80, with trades between $14.54 and $14.97.

What is Felber’s total CZWI share ownership after the transaction?

He now beneficially owns 40,330 shares (19,950 direct; 20,380 indirect).

Were any derivative securities involved in this Form 4?

No. Table II is blank; only common stock purchases were reported.

Does the filing mention a 10b5-1 trading plan?

No 10b5-1 plan was disclosed for this transaction.