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

Role
CEO and President, Director
Signature
/s/ Paul Frenkiel, attorney-in-fact
Issuer symbol
TBBK
Transactions as of
17 Aug 2021
Net transactions value
-$5,108,002
Form type
4
Filing time
19 Aug 2021, 16:52:02 UTC
Previous filing
24 May 2021
Next filing
11 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TBBK Common Stock Options Exercise $2,025,000 +300,000 +53% $6.75 866,311 17 Aug 2021 Direct
transaction TBBK Common Stock Sale $655,043 -26,703 -3.1% $24.53 839,608 17 Aug 2021 Direct F1, F4
transaction TBBK Common Stock Sale $2,571,183 -104,397 -12% $24.63 735,211 18 Aug 2021 Direct F2, F4
transaction TBBK Common Stock Sale $3,906,775 -168,900 -23% $23.13 566,311 19 Aug 2021 Direct F3, F4
holding TBBK Common Stock 15,337 17 Aug 2021 By 401k plan account
holding TBBK Common Stock 2,230 17 Aug 2021 By son
holding TBBK Common Stock 2,230 17 Aug 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 -300,000 -100% $0.000000* 0 17 Aug 2021 Common Stock 300,000 $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.