Citizens Community Bancorp Inc

Employment Agreements

On May 2, 2024, the Company, together with CCFBank, entered into the Fourth Amended and Restated Executive Employment Agreement with Stephen M. Bianchi, its Chairman, President and CEO (the “Bianchi Employment Agreement”), and the Third Amended and Restated Executive Employment Agreement with James S. Broucek, its CFO (the “Broucek Employment Agreement”).

The Bianchi Employment Agreement reflects Mr. Bianchi’s current salary of $396,344.00. The Broucek Employment Agreement reflects Mr. Broucek’s current salary of $241,020.00.

Both the Bianchi Employment Agreement and the Broucek Employment Agreement clarified the existing severance provisions and attached template forms of release.

The foregoing descriptions of the Bianchi Employment Agreement and the Broucek Employment Agreement are qualified in their entirety by reference to the provisions of the applicable employment agreement, each of which is filed as an exhibit to this Quarterly Report on Form 10-Q.

Rule 10b5-1 Trading Plans

During the three months ended March 31, 2024, none of our Section 16 officers or directors adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” as defined in Item 408 of Regulation S-K during the covered period.