FELBER FRANCIS E 4

What Happened

• Francis E. Felber, a director of Citizens Community Bancorp, purchased 1,000 shares of CZWI in an open-market transaction on May 4, 2026. The shares were acquired at $20.60 per share for a total cost of $20,600. This was a purchase (insider buy), which many investors consider a more informative signal than routine sales.

Key Details

• Transaction date and type: 2026-05-04 — Open market purchase (Form 4 code P)
• Price and amount: 1,000 shares at $20.60 per share; total $20,600
• Filing date/timeliness: Form 4 filed 2026-05-05 (timely, next-business-day filing)
• Shares owned after transaction: Not disclosed in the provided filing excerpt
• Footnotes: F1 — These shares are held in the reporting person's self-directed IRA. F2 — The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

Context

• The purchase was made into an IRA, which means the shares are held in a retirement account and the reporting person limits his claimed beneficial ownership to his financial interest in that account. Purchases by directors can signal confidence, but the IRA holding and the disclaimed beneficial ownership are important qualifiers for interpreting economic exposure.