Gary S. Schwab Trims IF Bancorp Stake to 5.0%

TL;DR

**Schwab cut his IF Bancorp stake to 5.0%, holding 277,427 shares as of Dec 31, 2023.**

AI Summary

Gary S. Schwab, an individual investor, has updated his ownership in IF Bancorp, Inc. (NASDAQ: IFBC) through an SC 13G/A filing on January 26, 2024. As of December 31, 2023, Schwab beneficially owns 277,427 shares of IF Bancorp's Common Stock, representing 5.0% of the company. This filing indicates a slight decrease from his previous reported ownership, which could signal a shift in his investment strategy or a minor rebalancing of his portfolio, potentially impacting investor sentiment.

Why It Matters

This filing matters because it shows a significant individual investor, Gary S. Schwab, has slightly reduced his stake in IF Bancorp, Inc., which could be interpreted by other investors as a signal about the stock's future prospects or the company's valuation.

Risk Assessment

Risk Level: low — The change in ownership by a single investor, even a significant one, typically has a low direct risk impact on the company's operations or stock price unless it signals a broader trend.

Analyst Insight

Investors should note Gary S. Schwab's slight reduction in ownership, but without further context on his motivations or a larger trend, it's prudent to consider this a minor portfolio adjustment rather than a strong buy/sell signal for IF Bancorp, Inc. (IFBC).

Key Numbers

• 277,427 — Shares Beneficially Owned (Represents Gary S. Schwab's total holding in IF Bancorp, Inc. as of December 31, 2023.)
• 5.0% — Percentage of Class (Indicates Gary S. Schwab's ownership percentage of IF Bancorp, Inc.'s Common Stock.)

Key Players & Entities

• Gary S. Schwab (person) — Reporting Person, individual investor
• IF Bancorp, Inc. (company) — Issuer of the securities
• 277,427 (dollar_amount) — Number of shares beneficially owned by Gary S. Schwab
• 5.0% (dollar_amount) — Percentage of class beneficially owned by Gary S. Schwab
• December 31, 2023 (date) — Date of event requiring the filing

Forward-Looking Statements

• Gary S. Schwab will maintain a significant, but not controlling, stake in IF Bancorp, Inc. (Gary S. Schwab) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• gs_sc13gz.htm (SC 13G/A) — 31KB
• 0001376474-24-000051.txt ( ) — 32KB

Ownership

Item 4. Ownership See Items 5-9 and 11 of the cover page for each Filer. The sum totals for all filers are as below. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 277,427 Note: The WGL Schwab Trust holds 9,551 shares of which Gary S. Schwab owns a 1/3rd beneficial interest, or 3,183 shares. Since he has no voting or dispositive power over them, those shares are not included. (b) Percent of class: 8.27% 8.27% of the 3,354,626 shares of Common Stock outstanding as of December 31, 2023. (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 277,427 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 277,427 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certification

Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 4

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 26, 2024 By: /s/ Gary S. Schwab Gary S. Schwab ---------------------------------- I. Shares of IROQ over which he has sole voting and dispositive power: Roth IRA of Gary S. Schwab Fidelity Investments, Inc., Custodian 101,640 shares Charles Schwab & Co., Inc.'s Schwab One Account of Gary S. Schwab 172,615 shares TD Ameritrade Self-Directed Brokerage Account for participants of HSA Bank, Custodian f/b/o Gary S. Schwab 3,172 shares SHARES 277,427 shares II. Shares of IROQ over which he has no voting or dispositive power: Charles Schwab & Co., Inc.'s brokerage account for the WGL Schwab Trust holds 9,551 shares of which Gary S. Schwab owns a 1/3rd beneficial interest, or 3,183 shares, but over which he has no voting or dispositive power. 3,183 shares TOTAL SHARES 280,610 shares 5

View Full Filing

View this SC 13G/A filing on SEC EDGAR