Michael L. Hammer - 16 Jun 2023 Form 4 Insider Report for HV Bancorp, Inc.

Role: Director
Signature: /s/ Janice Garner, pursuant to power of attorney
Issuer symbol: N/A
Transactions as of: 16 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 16 Jun 2023, 16:37:40 UTC
Previous filing: 24 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HVBC	Common Stock	Disposed to Issuer		-2,000	-100%		0	16 Jun 2023	By Trust for children	F1
transaction	HVBC	Common Stock	Disposed to Issuer		-8,000	-100%		0	16 Jun 2023	By 401(k)	F1

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

Michael L. Hammer is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Pursuant to a merger agreement between the Issuer and Citizens Financial Services, Inc. ("CZFS"), each share of Issuer common stock was converted into and became exchangeable for the right to receive, at the election of the holder, either (i) $30.50 in cash or (ii) 0.4040 shares of CZFS common stock, subject to allocation procedures to ensure that 20% of the outstanding shares of Issuer common stock are exchanged for cash and 80% of the outstanding shares of Issuer common stock are exchanged for shares of CZFS common stock.

Content

Pursuant to a merger agreement between the Issuer and Citizens Financial Services, Inc. ("CZFS"), each share of Issuer common stock was converted into and became exchangeable for the right to receive, at the election of the holder, either (i) $30.50 in cash or (ii) 0.4040 shares of CZFS common stock, subject to allocation procedures to ensure that 20% of the outstanding shares of Issuer common stock are exchanged for cash and 80% of the outstanding shares of Issuer common stock are exchanged for shares of CZFS common stock.