Form 4: Citizens Community Bancorp CEO Exercises Stock Options Under Pre-Planned Trading Arrangement

Stephen M. Bianchi, CEO and President of Citizens Community Bancorp Inc., exercised 3,000 common stock options at $11 per share as part of a pre-arranged Rule 10b5-1 plan.

Summary

• Stephen M. Bianchi, the Chief Executive Officer, President, and a Director of Citizens Community Bancorp Inc. (CZWI), reported a transaction on June 24, 2025.
• Mr. Bianchi exercised 3,000 common stock options, acquiring 3,000 shares of common stock.
• The exercise price for these options was $11 per share.
• This transaction was conducted pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, indicating it was a pre-scheduled event.
• Following the exercise, Mr. Bianchi's direct beneficial ownership of common stock increased to 76,168 shares.
• He also holds 53,480 shares indirectly through his self-directed IRA.
• After this transaction, Mr. Bianchi retains 15,000 unexercised common stock options.
• The exercised options were granted under the Company's 2008 Equity Incentive Plan and vested 20% annually from June 24, 2017, through June 24, 2021.
• The expiration date of the exercised options was June 24, 2026.

Sentiment

Score: 7

Explanation: The exercise of stock options by the CEO is generally viewed as a positive signal of confidence in the company's valuation, even though it was a pre-planned transaction under a 10b5-1 plan.

Positives

• The CEO's exercise of stock options indicates a continued commitment and confidence in the company's equity at the exercise price of $11 per share.
• The transaction was executed under a Rule 10b5-1 plan, which demonstrates a pre-planned and structured approach to insider trading, reducing concerns about opportunistic timing.

Future Outlook

This Form 4 filing reports a specific insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This filing is a routine disclosure of an insider's equity transaction and does not provide broader industry context or trends. It reflects an individual's activity within the financial services sector.

Related Party Transactions

• The reported transaction is an exercise of stock options by a key executive (CEO and President) and Director, which is a common form of related party transaction in public companies.

Stakeholder Impact

• Shareholders: May interpret the CEO's option exercise as a positive indicator of management's belief in the company's future prospects and stock value.

Key Dates

Keywords

Citizens Community Bancorp, CZWI, Stephen M. Bianchi, CEO, stock options, insider trading, Form 4, SEC filing, equity incentive plan, beneficial ownership, 10b5-1 plan