On March 27, 2018, the stockholders of Citizens Community Bancorp, Inc. approved the 2018 Equity Incentive Plan. The aggregate number of shares of common stock initially reserved and available for issuance under the 2018 Equity Incentive Plan was 350,000 shares. As of June 30, 2026, no stock options were granted under this plan and 349,648 restricted shares were granted under this plan. This amount includes 11,180 shares of performance based restricted stock granted in 2023 and issued in January 2026 upon achievement of the performance criteria and completion of the three-year performance period beginning in January 2023 and ending December 31, 2025. The amount also includes 16,021 shares of performance based restricted stock granted in 2022 and issued in January 2025 upon achievement of the performance criteria and completion of the three year performance period beginning in January 2022 and ending December 31, 2024.

On June 16, 2026, the stockholders of Citizens Community Bancorp, Inc. approved the 2026 Omnibus Incentive Plan for a term of 10 years. The aggregate number of shares of common stock initially reserved and available for issuance under the 2026 Omnibus Incentive Plan was 300,000 shares. As of June 30, 2026, no shares and no stock options had been granted under this plan. As of June 16, 2026, the remaining 352 shares authorized to be issued under the 2018 Equity Incentive Plan were cancelled upon approval of the 2026 Omnibus Incentive Plan.

In February 2008, the Company’s stockholders approved the Company’s 2008 Equity Incentive Plan for a term of 10 years. Due to the plan’s expiration, no new awards can be granted under this plan. As of June 30, 2026, there are no awarded unvested restricted shares, and 14,500 awarded unexercised vested options remaining from the plan. Options granted under this plan vested pro rata over a five-year period from the grant date and were fully vested as of October 2022. Unexercised incentive stock options expire within 10 years of the grant date.


	June 30, 2026			December 31, 2025
	Number of Shares	Weighted Average Grant Price		Number of Shares	Weighted Average Grant Price
Restricted Shares
Unvested and outstanding at beginning of year	6,109	$	12.36	39,171	$	12.48
Granted	6,500	20.63		—	—
Issued and vested	(6,109)	12.36		(33,062)	12.50
Forfeited	—	—		—	—
Unvested and outstanding at end of period	6,500	$	20.63	6,109	$	12.36


	June 30, 2026
	Number of Shares	Weighted Average Grant Price
Performance Based Restricted Shares
Unvested at beginning of year	18,321	$	12.36

2023 performance shares below target	(7,141)	12.36
Issued and vested	(11,180)	12.36

Unvested at end of period	—	$	—


	December 31, 2025
	Number of Shares	Weighted Average Grant Price
Performance Based Restricted Shares
Unvested at beginning of year	33,188	$	13.09
2022 performance shares granted above target	1,154	14.00
Issued and vested	(16,021)	14.00

Unvested at end of period	18,321	$	12.36


	Option Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
June 30, 2026
Outstanding at beginning of year	35,500	$	11.98

Exercised	(21,000)	10.79

Outstanding at end of period	14,500	$	13.69	1.23	$	141
Exercisable at end of period	14,500	$	13.69	1.23	$	141

December 31, 2025
Outstanding at beginning of year	52,000	11.62

Exercised	(16,500)	10.84

Outstanding at end of year	35,500	11.98		1.06	207
Exercisable at end of year	35,500	$	11.98	1.06	$	207

On January 22, 2026, the Company’s board of directors approved a phantom stock plan as part of the Company’s long-term incentive plan. The plan allows certain employees to earn future cash awards linked to the company’s future common share price for time and performance based cash awards. The performance based cash awards vest based on a combination of a three-year time period from January 22, 2026 through December 31, 2028, and performance targets based on the Company’s return on equity. For performance based awards, the ultimate cash payout of these awards will be paid within 60 days of December 31, 2028, based on the closing share price of the Company’s common stock as of the performance achievement approval date from the Compensation Committee. The time based cash awards vest ratably over a three-year time period. For time based awards, the ultimate cash payout of these awards will be based on the closing share price of the Company’s common stock on the anniversary of the award date each year. On January 22, 2026, time based awards were based on 14,743 shares and performance based awards were based on 14,748 shares.

On January 23, 2025, the Company’s board of directors approved a phantom stock plan as part of the Company’s long-term incentive plan. The plan allows certain employees to earn future cash awards linked to the company’s future common share price for time and performance based cash awards. The performance based cash awards vest based on a combination of a three-year time period from January 23, 2025 through December 31, 2027, and performance targets based on the Company’s return on equity. For performance based awards, the ultimate cash payout of these awards will be paid within 60 days of December 31, 2027, based on the closing share price of the Company’s common stock as of the performance achievement approval date from the Compensation Committee. The time based cash awards vest ratably over a three-year time period. For

time based awards, the ultimate cash payout of these awards will be based on the closing share price of the Company’s common stock on the anniversary of the award date each year. On January 23, 2025, time based awards were based on 15,044 shares and performance based awards were based on 15,049 shares.

On January 25, 2024, the Company’s board of directors approved a phantom stock plan as part of the Company’s long-term incentive plan. The Plan allows certain employees to earn future cash awards linked to the company’s future common share price for time and performance based cash awards. The performance based cash awards vest based on a combination of a three-year time period from January 25, 2024 through December 31, 2026, and performance targets based on the Company’s return on equity. For performance based awards, the ultimate cash payout of these awards will be paid within 60 days of December 31, 2026, based on the closing share price of the Company’s common stock as of the performance achievement approval date from the Compensation Committee. The time based cash awards vest ratably over a three-year time period. For time based awards, the ultimate cash payout of these awards will be based on the closing share price of the Company’s common stock on the anniversary of the award date each year. On January 25, 2024, time based awards were based on 18,509 shares and performance based awards were based on 18,505 shares.