Citizens Community Bancorp holders report 7.5% stake

Rhea-AI Filing Summary

Citizens Community Bancorp Inc. investors led by Gale Hoese and members of the Schornack, Hoese and Retka families filed an amended Schedule 13D. As of June 26, 2026, they may be deemed to beneficially own 720,987.11 shares of common stock, or 7.5% of the 9,644,112 shares outstanding as of May 6, 2026. The largest individual holding is 558,000 shares by Gale Hoese, with smaller positions held by the other reporting persons. The amendment also discloses a series of June 2026 open‑market trades, including multiple purchases by Gale Hoese generally between $20.75 and $22.91 per share and a 1,000‑share purchase by David Schornack at $20.95 per share.

Key Figures

Beneficial ownership: 720,987.11 shares Ownership percentage: 7.5% Shares outstanding: 9,644,112 shares +4 more

7 metrics

Beneficial ownership 720,987.11 shares Aggregate shares beneficially owned by reporting persons as of June 26, 2026

Ownership percentage 7.5% Percent of Citizens Community Bancorp common stock class represented by 720,987.11 shares

Shares outstanding 9,644,112 shares Citizens Community Bancorp common shares outstanding as of May 6, 2026

Gale Hoese holdings 558,000 shares Common stock beneficially owned by Gale Hoese

Andrew Schornack holdings 21,048 shares Common stock beneficially owned by Andrew Schornack

Largest disclosed purchase price $22.91 per share 5,000-share open market purchase by Gale Hoese on June 26, 2026

Example June trade 1,000 shares at $20.95 Open market purchase by David Schornack on June 17, 2026

Key Terms

beneficially own, sole voting power, sole dispositive power, Schedule 13D, +1 more

5 terms

beneficially own financial

"the Reporting Persons may be deemed to beneficially own an aggregate of 720,987.11 shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole voting power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power 558,000.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"9 | Sole Dispositive Power 558,000.00 10 | Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13D regulatory

"This Amendment No. 1 (this "Amendment No. 1") amends and supplements the originally filed by the Reporting Persons"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

JTWROS financial

"Includes 270 owned by David Schornack and Denise Schornack as JTWROS."

FAQ

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

What ownership stake in CZWI is reported in this Schedule 13D/A amendment?

The reporting persons may be deemed to beneficially own 720,987.11 shares of Citizens Community Bancorp common stock, representing 7.5% of the 9,644,112 shares outstanding as of May 6, 2026, according to the company’s Form 10-Q cited in the filing.

Who are the reporting persons in the Citizens Community Bancorp (CZWI) Schedule 13D/A?

The filing lists multiple U.S. individual investors, including Gale Hoese, Andrew, Jill, David, Denise and Joseph Schornack, Jonathan Hoese, and Tamara and Noah Retka, who together may be deemed to beneficially own an aggregate 720,987.11 Citizens Community Bancorp common shares.

How many CZWI shares does Gale Hoese beneficially own under this amendment?

The filing states that Gale Hoese beneficially owns 558,000 shares of Citizens Community Bancorp common stock. These shares form the largest individual position within the reported group’s aggregate beneficial ownership of 720,987.11 shares, representing 7.5% of the issuer’s outstanding common stock.

What Citizens Community Bancorp (CZWI) trading activity is disclosed for June 2026?

The amendment details numerous open market trades, primarily by Gale Hoese, in June 2026. Reported transactions include multiple 5,000‑share purchases at prices between $20.75 and $22.91 per share, and a 1,000‑share purchase by David Schornack on June 17, 2026 at $20.95 per share.

What is the total CZWI share count used to calculate the 7.5% ownership?

The 7.5% beneficial ownership is calculated using 9,644,112 Citizens Community Bancorp common shares outstanding as of May 6, 2026. This outstanding share figure comes from the issuer’s Form 10‑Q for the quarter ended March 31, 2026, referenced in the Schedule 13D/A amendment.

How many CZWI shares are attributed to David and Denise Schornack in the filing?

As of June 26, 2026, the filing attributes 84,843.49 shares to David Schornack and 1,575 shares to Denise Schornack, including 270 shares held jointly as JTWROS. These positions are part of the group’s total 720,987.11 shares of Citizens Community Bancorp common stock.

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

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Accepted by SEC EDGAR 06/29/2026 - 10:45 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Citizens Community Bancorp Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

174903104

(CUSIP Number)

Andrew Schornack
7525 Office Ridge Circle,
Eden Prairie, MN, 55344
(952) 944-6050

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/26/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 174903104

1

Name of reporting person

Gale Hoese

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 558,000.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 558,000.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

720,987.11

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.5 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 174903104

1

Name of reporting person

Andrew Schornack

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 21,048.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 21,048.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

720,987.11

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.5 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 174903104

1

Name of reporting person

Jill Schornack

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 13,952.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 13,952.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

720,987.11

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.5 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 174903104

1

Name of reporting person

David Schornack

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 84,573.49
8	Shared Voting Power 270.00
9	Sole Dispositive Power 84,573.49
10	Shared Dispositive Power 270.00

11

Aggregate amount beneficially owned by each reporting person

720,987.11

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.5 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 174903104

1

Name of reporting person

Denise Schornack

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,305.00
8	Shared Voting Power 270.00
9	Sole Dispositive Power 1,305.00
10	Shared Dispositive Power 270.00

11

Aggregate amount beneficially owned by each reporting person

720,987.11

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.5 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 174903104

1

Name of reporting person

Jonathan Hoese

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 25,000.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 25,000.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

720,987.11

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.5 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 174903104

1

Name of reporting person

Tamara Retka

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 8,312.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,312.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

720,987.11

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.5 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 174903104

1

Name of reporting person

Noah Retka

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,026.62
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,026.62
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

720,987.11

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.5 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 174903104

1

Name of reporting person

Joseph Schornack

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 3,500.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 3,500.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

720,987.11

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.5 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: Citizens Community Bancorp Inc.
(c)	Address of Issuer's Principal Executive Offices: 2174 EastRidge Center, Eau Claire, WISCONSIN , 54701.
Item 1 Comment: This Amendment No. 1 (this "Amendment No. 1") amends and supplements the Schedule 13D originally filed by the Reporting Persons with the Securities and Exchange Commission on June 4, 2026 (the "Statement"). Unless otherwise defined herein, capitalized terms used in this Amendment No. 1 shall have the meanings ascribed to them in the Statement. Unless amended or supplemented below, the information in the Statement remains unchanged.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Statement is hereby amended and restated in its entirety as follows: Row 4 of each Reporting Person's cover page to this Amendment No. 1 is incorporated herein by reference.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 of the Statement is hereby amended and restated in its entirety as follows: (a) The information set forth in the cover pages and Item 3 of this Amendment No. 1 are incorporated herein by reference. As of June 26, 2026, the Reporting Persons may be deemed to beneficially own an aggregate of 720,987.11 shares of the Common Stock, which represents 7.5% of the 9,644,112 shares of Common Stock outstanding as of May 6, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 filed with the Securities and Exchange Commission on May 6, 2026. Of the 720,987.11 shares of Common Stock that may be deemed to be beneficially owned by the Reporting Persons, the ownership of each Reporting Person is as follows as of June 26, 2026: Name of Reporting Person Number of Shares Gale Hoese 558,000 Andrew Schornack 21,048 Jill Schornack 13,952 David Schornack(1) 84,843.49 Denise Schornack(1) 1,575 Jonathan Hoese 25,000 Tamara Retka 8,312 Noah Retka 5,026.62 Joseph Schornack 3,500 (1) Includes 270 owned by David Schornack and Denise Schornack as JTWROS.
(b)	Rows 7 through 10 of each Reporting Person's cover page to this Amendment No. 1 set forth the number of shares of Common Stock as to which such Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition and are incorporated by reference.
(c)	Except for the open market purchases or sales of the Issuer's Common Stock described below, none of the Reporting Persons has effected any transactions with respect to the securities of the Issuer since the Statement. Gale Hoese Date Shares Purchased Price Per Share June 26, 2026 5,000 $22.91 June 25, 2026 5,000 $22.27 June 25, 2026 5,000 $22.27 June 24, 2026 5,000 $22.30 June 24, 2026 5,000 $22.30 June 24, 2026 5,000 $22.30 June 24, 2026 5,000 $22.30 June 24, 2026 (5,000) $22.248 June 18, 2026 2,000 $21.30 June 18, 2026 5,000 $21.25 June 18, 2026 5,000 $21.26 June 18, 2026 5,000 $21.25 June 18, 2026 5,000 $21.20 June 18, 2026 5,000 $21.25 June 17, 2026 5,000 $21.00 June 17, 2026 5,000 $21.00 June 16, 2026 2,000 $21.25 June 15, 2026 5,000 $20.75 June 23, 2026 3,000 $22.90 June 23, 2026 2,000 $22.86 June 23, 2026 3,000 $22.40 June 23, 2026 5,000 $22.50 June 22, 2026 5,000 $21.70 June 26, 2026 5,000 $22.85 June 25, 2026 900 $22.69 June 25, 2026 100 $22.27 June 25, 2026 5,000 $22.26 June 25, 2026 5,000 $22.28 David Schornack Date Shares Purchased Price Per Share June 17, 2026 1,000 $20.95
(d)	No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, the Common Stock that may be deemed to be beneficially owned by any of the Reporting Persons.
(e)	Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Gale Hoese

Signature:	/s/ Gale Hoese
Name/Title:	Gale Hoese
Date:	06/29/2026

Andrew Schornack

Signature:	/s/ Andrew Schornack
Name/Title:	Andrew Schornack
Date:	06/29/2026

Jill Schornack

Signature:	/s/ Jill Schornack
Name/Title:	Jill Schornack
Date:	06/29/2026

David Schornack

Signature:	/s/ David Schornack
Name/Title:	David Schornack
Date:	06/29/2026

Denise Schornack

Signature:	/s/ Denise Schornack
Name/Title:	Denise Schornack
Date:	06/29/2026

Jonathan Hoese

Signature:	/s/ Jonathan Hoese
Name/Title:	Jonathan Hoese
Date:	06/29/2026

Tamara Retka

Signature:	/s/ Tamara Retka
Name/Title:	Tamara Retka
Date:	06/29/2026

Noah Retka

Signature:	/s/ Noah Retka
Name/Title:	Noah Retka
Date:	06/29/2026

Joseph Schornack

Signature:	/s/ Joseph Schornack
Name/Title:	Joseph Schornack
Date:	06/29/2026