WITTENBORN DENNIS C 4

What Happened

• Dennis C. Wittenborn, a director of IF Bancorp (IROQ), recorded dispositions of company stock on 2026-03-12. The filing reports three dispositions to the issuer totaling 57,409 shares (7,800 + 31,859 + 17,750).
• The Form 4 shows the per-share price as N/A, but a footnote to the filing states that under the Agreement and Plan of Merger (dated Oct 29, 2025) each share was converted into the right to receive $26.40 in cash. That implies gross cash consideration of approximately $1,515,598 for the 57,409 shares.
• This was a disposition to the issuer as part of the merger consideration—not an open-market sale—so it reflects conversion of shares into cash under the merger agreement rather than a market trade.

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-13 (timely).
• Reported dispositions: 7,800; 31,859; and 17,750 shares (total 57,409).
• Price on Form 4: listed as N/A; footnote specifies $26.40 per share under the merger agreement.
• Estimated total cash received: ~$1,515,598 (57,409 × $26.40).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Transaction code: D (Disposition to issuer). Footnote references the Agreement and Plan of Merger (Oct 29, 2025).

Context

• Dispositions "to the issuer" in this case reflect the merger conversion mechanics: shareholders received cash per the merger agreement rather than selling on the open market. Such transactions are routine outcomes of mergers and do not necessarily signal the insider’s view of the company’s public prospects.