IF Bancorp director stock cashed out in merger

IF Bancorp, Inc. director Dennis C. Wittenborn reported disposing of all his common stock holdings in connection with a completed merger.

Rhea-AI Filing Summary

IF Bancorp, Inc. director Dennis C. Wittenborn reported disposing of all his common stock holdings in connection with a completed merger. On March 12, 2026, he returned 7,800 shares held directly, 31,859 shares held indirectly through an IRA, and 17,750 shares held indirectly through a corporation to the issuer, all coded as dispositions to the issuer.

According to the merger agreement footnote, each issued and outstanding share of IF Bancorp common stock was converted into the right to receive $26.40 in cash. After these transactions, Wittenborn reports zero shares remaining in each reported account.

Insights

Equity compensation and governance analyst

Director’s shares were cashed out via merger, not open-market selling.

Director Dennis C. Wittenborn disposed of his IF Bancorp common stock through transactions coded as “Disposition to issuer”, tied to a merger where each share was converted into a $26.40 cash right. This reflects merger mechanics rather than discretionary trading.

The filing shows three blocks of stock returned to the issuer, including direct holdings and indirect holdings via an IRA and a corporation, all ending at zero. Because these are compulsory merger-related redemptions, not open-market buys or sells, the informational signal for future performance is limited, so the overall impact is best viewed as neutral.

Insider Trade Summary

Disposition: 57,409 shares

Disposition 3 txns

Insider WITTENBORN DENNIS C

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock	7,800	$0.00	$0.00
Disposition	Common Stock	31,859	$0.00	$0.00
Disposition	Common Stock	17,750	$0.00	$0.00

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

Footnotes (1)

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

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

What insider transaction did IF Bancorp (IROQ) report for Dennis C. Wittenborn?

Director Dennis C. Wittenborn reported disposing of all his IF Bancorp common stock. He returned direct and indirect holdings to the issuer in transactions coded as “Disposition to issuer,” reflecting completion of a merger rather than open-market selling or purchasing activity.

How many IF Bancorp (IROQ) shares did Dennis C. Wittenborn dispose of and from which accounts?

Dennis C. Wittenborn disposed of 7,800 shares held directly, 31,859 shares held indirectly through an IRA, and 17,750 shares held indirectly through a corporation. All dispositions occurred on March 12, 2026, and were reported as transfers back to the issuer.

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

Each issued and outstanding share of IF Bancorp common stock was converted into the right to receive $26.40 in cash. This per-share cash consideration comes from the Agreement and Plan of Merger between IF Bancorp, Inc. and ServBanc Holdco, Inc., referenced in the footnote.

Why were Dennis C. Wittenborn’s IF Bancorp (IROQ) share dispositions coded as to the issuer?

The dispositions were coded as “Disposition to issuer” because they resulted from a merger transaction. Under the merger agreement, each IF Bancorp share was converted into a cash right, so the shares were effectively returned to the issuer rather than sold on the open market.

Does Dennis C. Wittenborn hold any IF Bancorp (IROQ) shares after these Form 4 transactions?

After the reported transactions, Dennis C. Wittenborn shows zero shares remaining in his direct holdings, IRA-held shares, and corporation-held shares. The Form 4 indicates his positions in these reported accounts were fully eliminated in connection with the cash merger consideration.

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

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Accepted by SEC EDGAR 03/13/2026 - 10:50 AM Learn about SEC filing dates

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^*

WITTENBORN DENNIS C

(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		7,800	D	(1)	0	D
Common Stock	03/12/2026		D		31,859	D	(1)	0	I	By IRA
Common Stock	03/12/2026		D		17,750	D	(1)	0	I	By Corporation

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/ Dennis C. Wittenborn	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.