FELBER FRANCIS E 4
4 · Citizens Community Bancorp Inc. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Citizens Community Bancorp (CZWI) Director Francis Felber Receives 3,845 Shares
What Happened
Francis E. Felber, a director of Citizens Community Bancorp, reported two "other" transactions on September 9, 2025: an acquisition of 3,845 shares and a disposition of 7,690 shares, both reported at $0.00. The filing explains these moves resulted from a distribution of the holdings of Ag Risk Managers LLC (an entity of which Mr. Felber is a member and president). The 3,845 shares represent his pecuniary interest received from that distribution. The transactions were reported on a Form 4 filed June 10, 2026 (late).
Key Details
- Transaction date: September 9, 2025; Form 4 filed June 10, 2026 (late filing).
- Reported transactions: +3,845 shares (Other, code J) @ $0.00; -7,690 shares (Other, code J) @ $0.00.
- Reported beneficial ownership in later filings (per footnote): as of May 4, 2026 — 24,795 shares (direct), 12,690 shares (indirect via IRA), 0 shares (indirect via LLC); as of May 18, 2026 — 25,295 direct, 12,690 indirect (IRA), 0 indirect (LLC).
- Footnotes: Transactions stem from a distribution by Ag Risk Managers LLC; Mr. Felber had previously reported beneficial ownership of LLC shares but disclaimed them except for his pecuniary interest. F2: some shares are held in his self-directed IRA.
- Transaction type: code J (“other acquisition or disposition”) — not an open-market buy/sell.
Context
These entries reflect an internal distribution/transfer from an LLC, not a cash market purchase or sale. Reported $0.00 prices are consistent with a distribution rather than proceeds or a market purchase. Because the Form 4 was filed many months after the September 2025 transactions, the report is late; late filings affect timeliness of disclosure for investors but do not change the underlying ownership changes.
Insider Transaction Report
- Other
Common Stock, par value $0.01 per share
[F1]2025-09-09+3,845→ 23,795 total - Other
Common Stock, par value $0.01 per share
[F1]2025-09-09−7,690→ 0 total(indirect: By LLC)
- 12,690(indirect: By IRA)
Common Stock, par value $0.01 per share
[F2]
Footnotes (2)
- [F1]On September 9, 2025, Ag Risk Managers LLC (the LLC), an entity of which Mr. Felbert is a member and president, distributed its holdings of Common Stock of Citizen Community Bancorp, Inc. to its members. Mr. Felber had previously reported beneficial ownership of all shares owned by the LLC, but disclaimed beneficial ownership of such shares, except to the extent of his pecuniary interest therein. Upon such distribution by the LLC, Mr. Felber received 3,845 shares, representing his pecuniary interest therein. As a result, Mr. Felber's beneficial ownership on his two subsequently filed Form 4 reports was as follows: 24,795 shares (direct). 12,690 shares (indirect by IRA), and 0 shares (indirect by LLC) as of May 4, 2026, and 25,295 shares (direct), 12690 shares (indirect by IRA), and 0 shares (indirect by LLC) as of May 18, 2026.
- [F2]These shares are held in the reporting person's self-directed IRA.