SCHEDULE: Citizens Community Bancorp Stakeholders Increase Holdings

A group of reporting persons has amended their Schedule 13D filing to reflect an aggregate beneficial ownership of 9.1% of Citizens Community Bancorp's common stock, with recent open market purchases noted.

Summary

• This filing is an amendment (Amendment No. 2) to a previously filed Schedule 13D concerning Citizens Community Bancorp, Inc.
• The reporting persons collectively beneficially own 878,472.49 shares of the company's common stock, representing 9.1% of the outstanding shares.
• This ownership percentage is based on 9,644,112 shares outstanding as of May 6, 2026.
• The filing details the individual shareholdings of Gale Hoese (700,000 shares), Andrew Schornack (21,048 shares), Jill Schornack (13,952 shares), David Schornack (84,843.49 shares), Denise Schornack (1,575 shares), Jonathan Hoese (40,000 shares), Tamara Retka (8,312 shares), Noah Retka (5,500 shares), and Joseph Schornack (3,512 shares).
• David Schornack and Denise Schornack jointly own 270 shares.
• Recent open market purchases of the company's common stock by Gale Hoese and Jonathan Hoese are detailed, occurring between July 2, 2026, and July 7, 2026.
• Noah Retka also made a significant purchase on July 6, 2026.
• Joseph Schornack made a purchase on July 2, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting on ownership and recent transactions without new strategic announcements or financial performance data.

Positives

• The reporting persons have increased their aggregate beneficial ownership to 9.1% of the outstanding common stock.
• Several reporting persons have actively purchased additional shares in the open market, indicating continued confidence or investment strategy.
• The filing provides a clear breakdown of individual beneficial ownership among the reporting persons.

Future Outlook

No specific forward-looking statements or guidance are provided in this amendment. The filing primarily reports on current beneficial ownership and recent transactions.

Industry Context

StockSavvy.ai notes that this Schedule 13D amendment indicates significant ongoing interest and investment activity by a group of individuals in Citizens Community Bancorp, Inc. Such filings often precede or accompany strategic actions by substantial shareholders.

Related Party Transactions

• The filing notes that 270 shares are jointly owned by David Schornack and Denise Schornack as Joint Tenants with Right of Survivorship (JTWROS).

Stakeholder Impact

• Shareholders: The increased aggregate ownership and recent purchases by reporting persons may signal potential future activism or influence on corporate strategy.
• Management and Board: The 9.1% stake held by this group warrants attention and potential engagement from the company's leadership.
• Other Investors: This filing provides transparency on significant ownership changes and holdings, aiding other investors in their analysis.

Next Steps

• The reporting persons will continue to monitor the issuer's business and may engage in further discussions with management or the board of directors.
• Future filings may be made to report any material changes in beneficial ownership or strategy.

Key Dates

Keywords

Citizens Community Bancorp, Schedule 13D, Beneficial Ownership, Common Stock, SEC Filing, Amendment, Open Market Purchases, Shareholder