Citizens Community Bancorp insider updates stake after option exercise

Rhea-AI Filing Summary

Citizens Community Bancorp (CZWI) disclosed an insider transaction by its CEO and President (also a Director). On 11/05/2025, the insider exercised a common stock option (code M) for 5,000 shares at $11 per share. Following the transaction, 81,168 common shares were beneficially owned directly, and 53,480 shares were beneficially owned indirectly by IRA.

In derivatives, the filing lists 10,000 stock options beneficially owned following the reported activity. The exercised option was granted under the company’s 2008 Equity Incentive Plan, which vested in 20% increments from June 24, 2017 through June 24, 2021, and carries an expiration date of June 24, 2026.

Insights

Insider transactions analyst

Routine insider option exercise with updated holdings.

The filing documents a Form 4 event: a code M option exercise of 5,000 shares at $11. Post-transaction direct ownership is 81,168 common shares, with an additional 53,480 shares held indirectly by IRA. Derivative holdings list 10,000 options remaining following the transaction.

This appears administrative in nature and tied to the company’s 2008 Equity Incentive Plan, which vested in 20% tranches from 2017 through 2021. The actual impact on float and trading activity depends on any subsequent sales, which are not indicated in the excerpt.

Insider Trade Summary

5,000 shares exercised/converted

Mixed 3 txns

Insider Bianchi Stephen M

Role CEO and President

Type	Security	Shares	Price	Value
Exercise	Common Stock Option (right to buy)	5,000	$11.00	$55K
Exercise	Common Stock, par value $0.01 per share	5,000	$11.00	$55K
holding	Common Stock, par value $0.01 per share	--	--	--

Holdings After Transaction: Common Stock Option (right to buy) — 10,000 shares (Direct); Common Stock, par value $0.01 per share — 81,168 shares (Direct); Common Stock, par value $0.01 per share — 53,480 shares (Indirect, By IRA)

Footnotes (1)

1. These shares are held in the reporting person's self-directed IRA. The common stock option awarded under the Company's 2008 Equity Incentive Plan vests as follows: 20% of the shares vest on each of June 24, 2017, June 24, 2018, June 24, 2019, June 24, 2020 and June 24, 2021.

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^*

Bianchi Stephen M

(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
X	Officer (give title below)		Other (specify below)
	CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2025

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	11/05/2025		M		5,000	A	$11	81,168	D
Common Stock, par value $0.01 per share								53,480	I	By IRA(1)

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
Common Stock Option (right to buy)	$11	11/05/2025		M			5,000	(2)	06/24/2026	Common Stock	5,000	$11	10,000	D

Explanation of Responses:

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

2. The common stock option awarded under the Company's 2008 Equity Incentive Plan vests as follows: 20% of the shares vest on each of June 24, 2017, June 24, 2018, June 24, 2019, June 24, 2020 and June 24, 2021.

Remarks:

	/s/ Rebecca L. Johnson, Attorney-in-fact	11/05/2025
	** 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

What did CZWI’s insider report on the Form 4?

An option exercise (code M) for 5,000 common shares at $11 on 11/05/2025.

How many CZWI shares does the insider own after the transaction?

The filing shows 81,168 shares directly and 53,480 shares indirectly by IRA.

What derivative securities remain after the transaction?

The filing lists 10,000 stock options beneficially owned following the event.

What was the exercise price for the options?

The reported exercise price was $11 per share.

What roles does the reporting person hold at CZWI?

The reporting person is CEO and President and also a Director.

Under which plan were the options granted and how did they vest?

Under the 2008 Equity Incentive Plan, vesting 20% each on June 24, 2017–2021.

What is the expiration date tied to the exercised option grant?

The option carries an expiration date of June 24, 2026.