MARTIN ALAN D 4

What Happened
Alan D. Martin, a director of IF Bancorp (IROQ), reported dispositions of a total 45,093 shares on 2026-03-12 (24,093 + 18,000 + 3,000). The Form 4 lists the transactions as dispositions to the issuer (D) with per-share price shown as N/A on the entries; a filing footnote states that under the merger agreement each share was converted into the right to receive $26.40 in cash. That implies total consideration of about $1,190,455.20 (45,093 × $26.40). These were merger-related conversions/settlements rather than open-market sales.

Key Details

• Transaction date: 2026-03-12 (reported on Form 4 filed 2026-03-13).
• Reported disposition amounts: 24,093; 18,000; and 3,000 shares (total 45,093).
• Per-footnote price/consideration: $26.40 cash per share under the Agreement and Plan of Merger (Oct 29, 2025).
• Implied total proceeds: ≈ $1,190,455.20.
• Shares owned after the transactions: not stated in the filing.
• Filing timeliness: filed next day (no late filing indicated).
• Transaction code: D (Disposition to issuer — merger conversion).

Context
The transfers are tied to the issuer’s merger (Agreement and Plan of Merger) and reflect conversion of outstanding common shares into cash consideration; these are routine, transaction-driven dispositions rather than discretionary open-market sales. Such merger conversions are procedural and should not be read as a standalone indicator of the insider’s view on the company.