Form 4: Citizens Community Bancorp Inc. CEO Acquires Shares
SEC Form 4
Stephen M. Bianchi, CEO and President of Citizens Community Bancorp Inc., reports the acquisition of 323 shares of common stock at $13.42 per share.
Summary
- On August 23, 2024, Stephen M. Bianchi, CEO and President of Citizens Community Bancorp Inc., acquired 323 shares of common stock at a price of $13.42 per share.
- Following the transaction, Bianchi directly owns 69,070 shares of common stock and indirectly owns 53,173 shares through an IRA.
- Bianchi also holds options to purchase 20,000 shares of common stock at an exercise price of $11.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine disclosure of insider trading activity. The CEO's purchase is a positive sign, but the quantity is not significant enough to drastically alter sentiment.
Positives
- The CEO's purchase of shares may signal confidence in the company's future prospects.
Industry Context
Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future performance. This purchase is a routine disclosure.
Stakeholder Impact
- The CEO's stock purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/24/2017 | 20% of common stock options vested. |
| 06/24/2018 | 20% of common stock options vested. |
| 06/24/2019 | 20% of common stock options vested. |
| 06/24/2020 | 20% of common stock options vested. |
| 06/24/2021 | 20% of common stock options vested. |
| 06/24/2026 | Expiration date of common stock options. |
| 08/23/2024 | Date of common stock purchase. |
| 08/27/2024 | Date of Form 4 filing. |
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