# EDGAR Filing Document

**Accession Number:** 0001367859
**File Stem:** 0001367859-23-000069
**Filing Date:** 2023-1
**Character Count:** 6880
**Document Hash:** 1fa74e38dd5d5d24b96137df804517ee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001367859-23-000069.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001367859-23-000069

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230127

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Bianchi Stephen M
- **CENTRAL INDEX KEY:** 0001497054

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33003
- **FILM NUMBER:** 23570471

**MAIL ADDRESS:**
- **STREET 1:** 225 S. MAIN AVENUE
- **CITY:** SIOUX FALLS
- **STATE:** SD
- **ZIP:** 57104
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Citizens Community Bancorp Inc.
- **CENTRAL INDEX KEY:** 0001367859
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **IRS NUMBER:** 205120010
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 2174 EASTRIDGE CENTER
- **CITY:** EAU CLAIRE
- **STATE:** WI
- **ZIP:** 54701
- **BUSINESS PHONE:** 715 836 9994

**MAIL ADDRESS:**
- **STREET 1:** 2174 EASTRIDGE CENTER
- **CITY:** EAU CLAIRE
- **STATE:** WI
- **ZIP:** 54701

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Bianchi Stephen M<br><sub>(Last) (First) (Middle)</sub><br>C/O CITIZENS COMMUNITY BANCORP, INC.<br>2174 EASTRIDGE CENTER<br><sub>(Street)</sub><br>EAU CLAIRE, WI 54701<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-27 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CEO and President_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Citizens Community Bancorp Inc. [ CZWI ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock, par value $0.01 per share | 2023-01-27 |  | P |  | 300 | A | $12.77 | 52400 | I | By IRA<sup>(1)</sup> |
| Common Stock, par value $0.01 per share | 2023-01-27 |  | P |  | 100 | A | $12.76 | 52500 | I | By IRA<sup>(1)</sup> |
| Common Stock, par value $0.01 per share | 2023-01-27 |  | P |  | 100 | A | $12.73 | 67819 | D |  |
| Common Stock, par value $0.01 per share | 2023-01-27 |  | F |  | 554<sup>(2)</sup> | D | $12.65 | 67265 | D |  |
| Common Stock, par value $0.01 per share | 2023-01-28 |  | F |  | 562<sup>(3)</sup> | D | $12.65 | 66703 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Common Stock Option (right to buy) | $11.0 |  |  |  |  |  |  | <sup>(4)</sup> | 2026-06-24 | Common Stock | 20000.0 |  | 20000 | D |  |

---

### Footnotes:

(1) These shares are held in the reporting person's self-directed IRA.

(2) The reporting person surrendered a total of 554 shares of the Company's common stock to satisfy the withholding taxes due upon the vesting of certain previously awarded shares of restricted stock issued under the Company's 2018 Equity Incentive Plan.

(3) The reporting person surrendered a total of 562 shares of the Company's common stock to satisfy the withholding taxes due upon the vesting of certain previously awarded shares of restricted stock issued under the Company's 2018 Equity Incentive Plan.

(4) The common stock option awarded under the Company's 2008 Equity Incentive Plan vests as follows: 20% of the shares vest on each of June 24, 2017, June 24, 2018, June 24, 2019, June 24, 2020 and June 24, 2021.

**Signature:** /s/ Rebecca L. Johnson, Attorney-in-fact  
**Date:** 2023-01-31

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**