Bianchi Stephen M 4

What Happened
Stephen M. Bianchi, CEO, President and Director of Citizens Community Bancorp (CZWI), disposed of 663 shares on 2026-01-19 at $18.45 per share (total value $12,232). The shares were surrendered to satisfy withholding taxes due upon the vesting of previously awarded restricted stock under the company's 2018 Equity Incentive Plan.

Key Details

• Transaction date: January 19, 2026
• Transaction type/code: Tax withholding / F (surrendered to cover tax liability)
• Price and value: 663 shares × $18.45 = $12,232 (reported as disposed)
• Shares owned after transaction: Not reported in this filing
• Footnotes:
  • F1: Shares surrendered to satisfy withholding taxes on vested restricted stock (2018 Equity Incentive Plan).
  • F2: These shares are held in the reporting person's self-directed IRA.
  • F3: Separately notes a 2008 option award vesting schedule (historic vesting schedule; not the shares surrendered here).
• Filing timeliness: Report filed 2026-01-21 for a 2026-01-19 transaction (filed within the typical 2-business-day window).

Context
This was a tax-withholding surrender of vested restricted stock (a routine administrative transaction), not an open-market sale intended to express a view on the company's shares. Such forfeitures to cover taxes are common for executives and do not, by themselves, indicate bullish or bearish insider sentiment.