Citizens Community Bancorp (NASDAQ: CZWI) director adds 500 shares in open-market buy

Rhea-AI Filing Summary

Citizens Community Bancorp Inc. director Francis E. Felber reported an open-market purchase of 500 shares of common stock at $20.60 per share. After this transaction, he holds 21,450 shares directly.

He also reports indirect holdings of 7,690 shares through Ag Risk Managers LLC and 12,690 shares in a self-directed IRA, where he disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

Net Buyer: 500 shares ($10,300)

Net Buy 3 txns

Insider FELBER FRANCIS E

Role null

Bought 500 shs ($10K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.01 per share	500	$20.60	$10K
holding	Common Stock, par value $0.01 per share	--	--	--
holding	Common Stock, par value $0.01 per share	--	--	--

Holdings After Transaction: Common Stock, par value $0.01 per share — 21,450 shares (Direct, null); Common Stock, par value $0.01 per share — 12,690 shares (Indirect, By IRA)

Footnotes (1)

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

Key Figures

Shares purchased: 500 shares Purchase price: $20.60 per share Direct holdings after transaction: 21,450 shares +2 more

5 metrics

Shares purchased 500 shares Open-market purchase of common stock

Purchase price $20.60 per share Price for 500-share open-market buy

Direct holdings after transaction 21,450 shares Common stock held directly by Francis E. Felber

Indirect holdings via Ag Risk Managers LLC 7,690 shares Common stock held indirectly

Indirect holdings via self-directed IRA 12,690 shares Common stock in self-directed IRA

Key Terms

Common Stock, par value $0.01 per share, open-market purchase, self-directed IRA, pecuniary interest, +1 more

5 terms

Common Stock, par value $0.01 per share financial

"security_title: Common Stock, par value $0.01 per share"

open-market purchase financial

"transaction_action: open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

self-directed IRA financial

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

pecuniary interest financial

"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"

indirect ownership financial

"ownership_type: indirect; nature_of_ownership: By IRA"

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^*

FELBER FRANCIS E

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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, par value $0.01 per share	05/18/2026		P		500	A	$20.6	21,450	D
Common Stock, par value $0.01 per share								12,690	I	By IRA(1)
Common Stock, par value $0.01 per share								7,690	I	By Ag Risk Managers LLC(2)

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

2. 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	05/18/2026
	** 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)

FAQ

What insider transaction did CZWI director Francis E. Felber report?

Francis E. Felber reported buying 500 shares of Citizens Community Bancorp common stock. The purchase was an open-market transaction at $20.60 per share, increasing his direct holdings to 21,450 shares after the trade was completed.

At what price did Francis E. Felber purchase CZWI shares?

He purchased Citizens Community Bancorp common shares at $20.60 per share. This price applies to the 500 shares acquired in the open-market transaction, as reported in the Form 4 insider trading disclosure filed for May 18, 2026.

How many CZWI shares does Francis E. Felber now hold directly?

Following the reported transaction, he directly holds 21,450 Citizens Community Bancorp common shares. This figure reflects his position after buying 500 shares in the open market, according to the totals shown in the Form 4 filing.

What indirect CZWI holdings are associated with Francis E. Felber?

Indirectly, 7,690 shares are held through Ag Risk Managers LLC and 12,690 shares in a self-directed IRA. The filing notes these as indirect ownership positions related to Felber, with a disclaimer of beneficial ownership beyond his pecuniary interest.

What does the Form 4 say about Felber’s beneficial ownership of IRA shares of CZWI?

The filing states he disclaims beneficial ownership of the IRA-held securities except to the extent of his pecuniary interest. It clarifies that including these shares in the report is not an admission of full beneficial ownership for Section 16 or other purposes.

Is the CZWI insider transaction a purchase or sale?

The disclosed Citizens Community Bancorp insider transaction is a purchase. The Form 4 lists transaction code “P,” indicating an open-market or private purchase of 500 common shares at $20.60 per share by director Francis E. Felber.