VERKLER PAMELA J 4

What Happened

• Pamela J. Verkler, SEVP, Chief Financial Officer, Treasurer and Director of IF Bancorp, disposed of a total of 50,792 shares on 2026-03-12. The Form 4 lists three dispositions (26,000; 12,500; 12,292 shares) to the issuer; the filing shows price as N/A, but a footnote states each share converted into $26.40 cash under the merger agreement — implying proceeds of roughly $1,340,909. This was a disposition to the issuer (not an open-market sale), resulting from the company’s merger transaction.

Key Details

• Transaction date: 2026-03-12 (reported on Form 4 filed 2026-03-13).
• Shares disposed: 26,000; 12,500; 12,292 — total 50,792 shares.
• Implied price/consideration: $26.40 per share per footnote F1 → ~ $1,340,909 total.
• Transaction code: D (Disposition to the issuer); Form shows price as N/A but footnote F1 explains cash conversion.
• Shares owned after transaction: not specified in the provided filing.
• Timeliness: Filing appears timely (transaction 2026-03-12, Form 4 filed 2026-03-13).

Context

• The disposals resulted from an Agreement and Plan of Merger (dated Oct 29, 2025) between IF Bancorp and ServBanc Holdco, Inc.; each outstanding share was converted into the stated cash consideration. Dispositions to the issuer in mergers are a routine cash-out mechanism and do not necessarily reflect the insider’s trading sentiment.