Pellegrino Frank G 4

What Happened

• Frank G. Pellegrino, a director of CITIZENS & NORTHERN CORP (CZNC), purchased 185 shares in an open‑market transaction on 2026-03-06 at $21.95 per share, for a total reported value of $4,062. This was a purchase (insider buy), which investors often view as a more positive signal than a sale, though motivations are not specified.

Key Details

• Transaction date: 2026-03-06; filing date with SEC: 2026-03-09.
• Transaction type/code: Open market/private purchase (P).
• Price and amount: 185 shares at $21.95 each; total ≈ $4,062.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Transaction was made pursuant to a written plan that became effective 5/1/25 (per the filing).
• No late‑filing flag was provided in the reported data.

Context

• The footnote indicates the trade was executed under a pre‑existing written trading plan (commonly a 10b5‑1 style plan). Trades under such plans are often pre‑scheduled and can limit how much the transaction reveals about the insider’s current view of the company.
• The purchase size (~$4k) is small, so while it is a buy by an insider, it represents a modest personal investment rather than a large stake change.