CHAMBERLAIN THOMAS J 4

What Happened

• Thomas J. Chamberlain, President of IF Bancorp, reported dispositions of company stock in connection with the company’s takeover. The filing shows a gift of 4,594 shares on 2026-03-11 and four dispositions to the issuer totaling 63,649 shares on 2026-03-12 — a combined 68,243 shares.
• The Form 4 reports the gift at $0 and the issuer dispositions with no per-share price (N/A). A filing footnote states that under the October 29, 2025 merger agreement each issued and outstanding share was converted into the right to receive $26.40 in cash. Based on that $26.40 per-share consideration, the 68,243 shares correspond to about $1,801,615.20.

Key Details

• Transaction dates: 2026-03-11 (gift of 4,594 shares) and 2026-03-12 (dispositions to issuer of 18,800; 19,552; 16,778; and 8,519 shares).
• Per-share consideration: $26.40 (per Form 4 footnote under the merger agreement); some Form 4 lines show $0 or N/A because entries were a gift or a conversion to issuer consideration.
• Approximate proceeds based on footnote: ~ $1.80 million (68,243 × $26.40).
• Shares owned after the transactions: not specified on the provided filing (the merger footnote indicates outstanding shares were converted into cash).
• Filing date: 2026-03-13 (filed promptly after the March 11–12 transactions).

Context

• These transactions appear to be part of the company’s merger/exit transaction rather than voluntary open‑market selling; gifts and “disposition to issuer” lines commonly reflect transfers and conversion/settlement mechanics tied to a corporate transaction. Gifts do not necessarily indicate management sentiment about the stock’s future.