Merger cashes out IF Bancorp (IROQ) director’s 45,093 shares at $26.40

Rhea-AI Filing Summary

IF Bancorp, Inc. director Alan D. Martin disposed of his remaining common stock through a cash-out merger transaction. On March 12, 2026, he returned 24,093 directly held shares, 18,000 shares held in an IRA, and 3,000 shares held in his spouse’s IRA to the issuer.

Under an Agreement and Plan of Merger dated October 29, 2025 between IF Bancorp and ServBanc Holdco, Inc., each issued and outstanding share of common stock was converted into the right to receive $26.40 in cash. Following these dispositions to the issuer, the filing shows Martin with no remaining common stock or derivative positions reported.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider MARTIN ALAN D

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock	24,093	$0.00	--
Disposition	Common Stock	18,000	$0.00	--
Disposition	Common Stock	3,000	$0.00	--

Holdings After Transaction: Common Stock — 0 shares (Direct); Common Stock — 0 shares (Indirect, By IRA)

Footnotes (1)

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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

X

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^*

MARTIN ALAN D

(Last) (First) (Middle)

201 EAST CHERRY STREET

(Street)

WATSEKA IL 30970

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/12/2026		D		24,093	D	(1)	0	D
Common Stock	03/12/2026		D		18,000	D	(1)	0	I	By IRA
Common Stock	03/12/2026		D		3,000	D	(1)	0	I	By Spouse's IRA

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. 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/ Alan D. Martin	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.

FAQ

What does the IF Bancorp (IROQ) Form 4 for Alan D. Martin report?

The Form 4 reports that director Alan D. Martin disposed of all reported IF Bancorp common shares in a merger-related transaction. Shares were returned to the issuer and converted into the right to receive cash under a previously signed merger agreement at a fixed per-share price.

How many IF Bancorp (IROQ) shares did Alan D. Martin dispose of?

Alan D. Martin disposed of a total of 45,093 IF Bancorp common shares. This included 24,093 shares held directly, 18,000 shares held through an IRA, and 3,000 shares held through his spouse’s IRA, all returned to the issuer in the merger transaction.

What price per share did IF Bancorp (IROQ) stock receive in the merger?

Each IF Bancorp common share was converted into the right to receive $26.40 in cash. This consideration was set under the Agreement and Plan of Merger dated October 29, 2025 between IF Bancorp, Inc. and ServBanc Holdco, Inc., covering all issued and outstanding shares.

Were Alan D. Martin’s IF Bancorp (IROQ) shares sold on the open market?

No, the shares were not sold on the open market; they were disposed of to the issuer. The Form 4 uses code D, indicating a disposition to the issuer in connection with the merger that converted each share into a cash right at $26.40 per share.

Does Alan D. Martin still hold IF Bancorp (IROQ) shares after this Form 4?

According to the Form 4, Martin reports zero IF Bancorp common shares following the transactions. The filing shows 0.0000 total shares following each disposition entry, indicating his direct holdings, IRA shares, and spouse’s IRA shares were all cashed out in the merger.

What types of accounts held Alan D. Martin’s IF Bancorp (IROQ) shares?

Martin’s IF Bancorp holdings were split between direct ownership and retirement accounts. He held 24,093 shares directly, 18,000 shares through an IRA, and 3,000 shares through his spouse’s IRA, all of which were disposed of to the issuer in the merger transaction.