How were IF Bancorp (IROQ) indirect holdings treated in the merger-related Form 4?

Indirect holdings in a 401(k), IRAs, and an ESOP were reported as dispositions to the issuer. These transactions reflected the merger mechanics where each outstanding IF Bancorp common share, including indirect positions, was converted into the right to receive $26.40 cash consideration.

IF Bancorp president exits shares in $26.40 merger

Accepted by SEC EDGAR 03/13/2026 - 10:57 AM EDT

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Rhea-AI Filing Summary

IF Bancorp, Inc. President Thomas J. Chamberlain reported a series of non-market dispositions of common stock tied to the company’s merger with ServBanc Holdco, Inc. A footnote states that under the merger agreement dated October 29, 2025, each issued and outstanding share of IF Bancorp common stock was converted into the right to receive $26.40 in cash.

On March 11, 2026, Chamberlain made a bona fide gift of 4,594 common shares, leaving 18,800 shares held directly. On March 12, 2026, those 18,800 directly held shares and additional indirectly held shares in a 401(k), IRAs, and an ESOP were reported as dispositions to the issuer in connection with the merger, leaving him with no reported common stock holdings.

Insider Trade Summary

4,594 shares gifted

Gift 5 txns

Insider CHAMBERLAIN THOMAS J

Role President

Type	Security	Shares	Price	Value
Disposition	Common Stock	18,800	$0.00	$0.00
Disposition	Common Stock	19,552	$0.00	$0.00
Disposition	Common Stock	16,778	$0.00	$0.00
Disposition	Common Stock	8,519	$0.00	$0.00
Gift	Common Stock	4,594	$0.00	$0.00

Holdings After Transaction: Common Stock — 0 shares (Direct); Common Stock — 0 shares (Indirect, By 401(k)); Common Stock — 0 shares (Indirect, By IRAs); Common Stock — 0 shares (Indirect, By ESOP)

Footnotes (1)

F1. Pursuant to the Agreement and Plan of Merger, dated as of October 29, 2025, between the Issuer and ServBanc Holdco, Inc., each issued and outstanding share of Issuer common stock was converted into the right to receive $26.40 cash consideration.

FAQ

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What insider transactions did IF Bancorp (IROQ) report for Thomas J. Chamberlain?

Thomas J. Chamberlain reported non-market dispositions of IF Bancorp common stock. These included a bona fide gift of 4,594 shares and subsequent dispositions of all remaining direct and indirect holdings back to the issuer in connection with the completed cash merger at $26.40 per share.

How many IF Bancorp (IROQ) shares did the president gift before the merger payout?

Chamberlain gifted 4,594 IF Bancorp common shares. After this bona fide gift, he still held 18,800 shares directly, which were later reported as disposed to the issuer when each outstanding share converted into the right to receive $26.40 cash under the merger agreement.

What cash consideration did IF Bancorp (IROQ) shareholders receive in the ServBanc merger?

Each issued and outstanding IF Bancorp common share was converted into the right to receive $26.40 in cash. This consideration applied to the president’s direct and indirect holdings as they were disposed to the issuer upon closing of the merger with ServBanc Holdco, Inc.

Did Thomas J. Chamberlain retain any IF Bancorp (IROQ) shares after these Form 4 transactions?

No, the Form 4 shows zero common shares following the final merger-related dispositions. After the gift of 4,594 shares and the subsequent issuer dispositions of his remaining direct and indirect holdings, Chamberlain reported no remaining IF Bancorp common stock ownership.

Were the IF Bancorp (IROQ) president’s transactions open-market sales?

No, the transactions were not open-market sales. The Form 4 uses code D for dispositions to the issuer tied to the merger consideration and code G for a bona fide gift, meaning they reflect corporate and personal transfers rather than market trading activity.

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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^*

CHAMBERLAIN THOMAS J

(Last)

(First)

(Middle)

201 EAST CHERRY STREET

(Street)

WATSEKA

60970

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
IF Bancorp, Inc. [ IROQ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/11/2026		G		4,594	D	$0	18,800	D
Common Stock	03/12/2026		D		18,800	D	⁽¹⁾	0	D
Common Stock	03/12/2026		D		19,552	D	⁽¹⁾	0	I	By 401(k)
Common Stock	03/12/2026		D		16,778	D	⁽¹⁾	0	I	By IRAs
Common Stock	03/12/2026		D		8,519	D	⁽¹⁾	0	I	By ESOP

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Pursuant to the Agreement and Plan of Merger, dated as of October 29, 2025, between the Issuer and ServBanc Holdco, Inc., each issued and outstanding share of Issuer common stock was converted into the right to receive $26.40 cash consideration.

	/s/ Thomas J. Chamberlain	03/12/2026
	** 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.

Source: View Original Filing on SEC EDGAR