Martin S. Friedman - 19 Aug 2024 Form 4 Insider Report for Citizens Community Bancorp Inc. (CZWI)

Role: 10%+ Owner
Signature: Martin S. Friedman
Issuer symbol: CZWI
Transactions as of: 19 Aug 2024
Net transactions value: -$963,750
Form type: 4
Filing time: 20 Aug 2024, 18:05:44 UTC
Previous filing: 01 Nov 2022
Next filing: 13 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CZWI	Common Stock	Disposed to Issuer	$963,750	-75,000	-7.9%	$12.85	876,594	19 Aug 2024	See footnote	F1, F2
holding	CZWI	Common Stock						105,955	19 Aug 2024	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Martin S. Friedman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Martin S Friedman (the "Reporting Person") is the managing member of FJ Capital Management LLC ("FJ Capital"), which is the Managing Member of Financial Hybrid Opportunity SPVI LLC ("HSPV"). HSPV sold 75,000 shares of the issuer. Martin S. Friedman, in his capacity as Managing Member of FJ Capital, has voting and dispositive power over the shares of the issuer held by HSPV.
F2	The Reporting Person may be deemed to beneficially own the shares to extent of the greater of his direct or indirect pecuniary interest in the profits or capital account of HSPV. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any shares beneficially owned in excess of his pecuniary interest.

Content

Martin S Friedman (the "Reporting Person") is the managing member of FJ Capital Management LLC ("FJ Capital"), which is the Managing Member of Financial Hybrid Opportunity SPVI LLC ("HSPV"). HSPV sold 75,000 shares of the issuer. Martin S. Friedman, in his capacity as Managing Member of FJ Capital, has voting and dispositive power over the shares of the issuer held by HSPV.

The Reporting Person may be deemed to beneficially own the shares to extent of the greater of his direct or indirect pecuniary interest in the profits or capital account of HSPV. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any shares beneficially owned in excess of his pecuniary interest.