IF Bancorp, Inc. (IROQ) director gives up 21,800 shares in cash merger

Rhea-AI Filing Summary

IF Bancorp, Inc. director Wayne A. Lehmann reported a disposition of 21,800 shares of Common Stock to the issuer on March 12, 2026. The shares were converted under an Agreement and Plan of Merger with ServBanc Holdco, Inc., giving the right to receive $26.40 in cash per share. Following this merger-related transaction, Lehmann reported holding zero IF Bancorp shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LEHMANN WAYNE A

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock	21,800	$0.00	--

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (1)

1. [object Object]

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
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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^*

LEHMANN WAYNE A

(Last) (First) (Middle)

201 EAST CHERRY STREET

(Street)

WATSEKA IL 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)

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		21,800	D	(1)	0	D

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/ Wayne A. Lehmann	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 insider transaction did Wayne A. Lehmann report for IF Bancorp (IROQ)?

Wayne A. Lehmann reported disposing of 21,800 IF Bancorp common shares back to the issuer. The disposition occurred on March 12, 2026 as part of a merger transaction, rather than an open-market trade, and reflects a conversion into cash consideration.

How many IF Bancorp (IROQ) shares did Lehmann dispose of and at what value?

Lehmann disposed of 21,800 IF Bancorp common shares in the transaction. Under the merger terms, each share was converted into the right to receive $26.40 in cash, providing a defined cash payout instead of ongoing equity ownership in the company.

What merger triggered the conversion of IF Bancorp (IROQ) shares reported in this Form 4?

The disposition stems from an Agreement and Plan of Merger dated October 29, 2025 between IF Bancorp and ServBanc Holdco, Inc. Under this merger, all issued and outstanding IF Bancorp common shares were converted into cash consideration of $26.40 per share.

Does Wayne A. Lehmann still own IF Bancorp (IROQ) stock after this Form 4 transaction?

After the reported merger-related disposition, Lehmann’s direct holdings in IF Bancorp common stock are zero shares. The Form 4 shows 21,800 shares disposed of to the issuer, with total shares following the transaction reported as 0.0000, ending his direct equity position.

Was Lehmann’s IF Bancorp (IROQ) transaction an open-market sale?

No, the transaction was a disposition to the issuer tied to a merger, not an open-market sale. The filing describes it as a conversion of each common share into the right to receive $26.40 cash under the merger agreement with ServBanc Holdco, Inc.