HASSELBRING WALTER H III 4

What Happened Walter H. Hasselbring III, President & CEO and a director of IF Bancorp (IROQ), had 69,772 shares of company common stock disposed to the issuer on 2026-03-12 as part of a corporate transaction. The filing reports multiple dispositions (28,300; 13,700; 16,613; 1,500; 9,659 shares) that, per the filing footnote, were converted into cash at $26.40 per share under the Agreement and Plan of Merger. The total cash consideration is approximately $1,841,981. This was a merger-related conversion (disposition to issuer), not an open-market sale.

Key Details

• Transaction date: 2026-03-12; Form 4 filed 2026-03-13 (next-day filing).
• Conversion price (per footnote): $26.40 per share.
• Total shares disposed: 69,772; total cash received: ~$1.84M.
• Filing shows individual disposition lots: 28,300; 13,700; 16,613; 1,500; 9,659 shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: Conversion pursuant to the Agreement and Plan of Merger (Oct 29, 2025) with ServBanc Holdco, Inc.; each share converted into the right to receive $26.40 cash.
• Timeliness: filing appears timely (filed the day after the reported transaction).

Context Dispositions "to the issuer" in this form reflect a corporate action (here, a merger cash-out) rather than an insider selling shares on the open market; they therefore typically indicate the mechanics of the deal, not necessarily the insider's trading intent. For retail investors, purchases generally carry more informative signal about insider confidence; this transaction documents the cash-out of existing holdings under the merger terms.