BROUCEK JAMES S 4

What Happened
James S. Broucek — EVP, CFO, Treasurer and Secretary of Citizens Community Bancorp, Inc. (CZWI) — exercised stock options on 2026-06-01 to acquire 2,000 shares at a strike price of $13.60 per share (total cost $27,200). The filing also shows a simultaneous derivative disposition of 2,000 shares dated the same day for the same per-share amount, indicating the exercised shares were immediately disposed of.

Key Details

• Transaction date: 2026-06-01; filing date: 2026-06-02 (timely filing).
• Exercise details: 2,000 shares acquired at $13.60/share (total $27,200).
• Disposition details: 2,000 shares disposed (derivative) at $13.60/share (total $27,200).
• Footnote F1: These shares are held in the reporting person’s self-directed IRA.
• Footnote F2: The option award was under the Company’s 2008 Equity Incentive Plan with a multi-year vesting schedule (20% per year through 2022).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• Transaction code M indicates an option exercise. The paired acquisition and immediate disposition on the same date commonly reflect exercising options and selling some/all shares right away (cashless exercise or sale to cover costs), but the filing only shows the acquisition and the derivative disposition — it does not state the exact mechanics.
• Purchases (acquisitions) can signal insider confidence; immediate dispositions often reflect routine option-exercise liquidity or tax/IRA management and are less informative about sentiment.