STOCK TITAN

Citizens Community Bancorp (NASDAQ: CZWI) CEO exercises options and updates share holdings

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Citizens Community Bancorp CEO and President Stephen M. Bianchi reported an option exercise involving company stock. He exercised a Common Stock Option to acquire 5,000 shares of common stock at $11.00 per share, converting a derivative position into directly held shares.

Following the transaction, he holds 92,604 common shares directly. A separate holding entry shows an additional 53,480 common shares held indirectly through his self-directed IRA. The filing shows no open-market purchases or sales, only the option exercise and updated holdings.

Positive

  • None.

Negative

  • None.
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) — 0 shares (Direct, null); Common Stock, par value $0.01 per share — 92,604 shares (Direct, null); 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.
Options exercised 5,000 shares Common Stock Option (right to buy) exercised with M code
Exercise price $11.00 per share Exercise or conversion of derivative security
Direct holdings after transaction 92,604 shares Total common shares held directly after option exercise
Indirect IRA holdings 53,480 shares Common shares held indirectly via self-directed IRA
Common Stock Option (right to buy) financial
"security_title: "Common Stock Option (right to buy)""
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
self-directed IRA financial
"These shares are held in the reporting person's self-directed IRA."
Equity Incentive Plan financial
"The common stock option awarded under the Company's 2008 Equity Incentive Plan vests as follows"
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.
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SEC Form 4
FORM 4UNITED 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 WISCONSIN 54701

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Citizens Community Bancorp Inc. [ CZWI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO and President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.01 per share06/02/2026M5,000A$1192,604D
Common Stock, par value $0.01 per share53,480IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Common Stock Option (right to buy)$1106/02/2026M5,000 (2)06/24/2026Common Stock5,000$110D
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-fact06/02/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transaction did CZWI CEO Stephen M. Bianchi report?

Stephen M. Bianchi reported exercising stock options to acquire 5,000 Citizens Community Bancorp common shares at $11.00 per share. This converts a derivative award into directly owned stock and updates his reported equity stake in the company.

How many CZWI shares does Stephen M. Bianchi own directly after this Form 4?

After the reported option exercise, Stephen M. Bianchi holds 92,604 Citizens Community Bancorp common shares directly. This reflects the addition of 5,000 shares acquired by exercising a common stock option at a price of $11.00 per share.

What is the size and price of the stock option exercised by CZWI’s CEO?

The exercised option covered 5,000 shares of Citizens Community Bancorp common stock with an exercise price of $11.00 per share. It was a Common Stock Option (right to buy) previously granted under the company’s equity incentive plan.

Does Stephen M. Bianchi have indirect holdings of CZWI stock?

Yes. The filing shows 53,480 Citizens Community Bancorp common shares held indirectly in Stephen M. Bianchi’s self-directed IRA. This position is reported separately from his 92,604 directly held shares following the option exercise.

Were there any open-market buys or sells of CZWI stock in this Form 4?

No open-market buys or sells are reported. The Form 4 shows an option exercise coded “M” to acquire 5,000 common shares and a holding entry for 53,480 shares in a self-directed IRA, without any purchase or sale transactions.