Damian Kozlowski - Aug 17, 2021 Form 4 Insider Report for Bancorp, Inc. (TBBK)

Role
CEO and President, Director
Signature
/s/ Paul Frenkiel, attorney-in-fact
Stock symbol
TBBK
Transactions as of
Aug 17, 2021
Transactions value $
-$5,108,002
Form type
4
Date filed
8/19/2021, 04:52 PM
Previous filing
May 24, 2021
Next filing
Feb 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TBBK Common Stock Options Exercise $2.03M +300K +52.97% $6.75 866K Aug 17, 2021 Direct
transaction TBBK Common Stock Sale -$655K -26.7K -3.08% $24.53 840K Aug 17, 2021 Direct F1, F4
transaction TBBK Common Stock Sale -$2.57M -104K -12.43% $24.63 735K Aug 18, 2021 Direct F2, F4
transaction TBBK Common Stock Sale -$3.91M -169K -22.97% $23.13 566K Aug 19, 2021 Direct F3, F4
holding TBBK Common Stock 15.3K Aug 17, 2021 By 401k plan account
holding TBBK Common Stock 2.23K Aug 17, 2021 By son
holding TBBK Common Stock 2.23K Aug 17, 2021 By son

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TBBK Stock Option Options Exercise $0 -300K -100% $0.00* 0 Aug 17, 2021 Common Stock 300K $6.75 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person sold a total of 26,703 shares at prices ranging from $24.19 to $25.16 for an average price of $24.5307.
F2 The Reporting Person sold a total of 104,397 shares at prices ranging from $24.07 to $24.81 for an average price of $24.6289.
F3 The Reporting Person sold a total of 168,900 shares at prices ranging from $22.80 to $24.13 for an average price of $23.1307.
F4 The majority of the proceeds will be used over time to satisfy divorce decree, which includes the prepayment of mortgage debt (approximately $1.22 million) and direct monetary payments, as well as other expenses such as taxes and college tuition delineated in settlement. The remaining proceeds may be used for a new primary residence, and could include the future prepayment of mortgage debt and/or down payment and various other residence related expenses including taxes, insurance and closing costs.