Vernon W. Hill II - Mar 25, 2022 Form 4 Insider Report for REPUBLIC FIRST BANCORP INC (FRBK)

Role: Chairman and CEO, Director
Signature: /s/ Vernon W. Hill, II
Stock symbol: FRBK
Transactions as of: Mar 25, 2022
Transactions value $: $3,749,997
Form type: 4
Date filed: 3/29/2022, 04:00 PM
Previous filing: Mar 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FRBK	Common Stock	Conversion of derivative security	$2.5M	+833K	+38.87%	$3.00	2.98M	Mar 25, 2022	Direct
transaction	FRBK	Common Stock	Conversion of derivative security	$1.25M	+417K	+17.51%	$3.00	2.8M	Mar 25, 2022	trustee

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	FRBK	series A Convertible preferred stock	Conversion of derivative security	$0	-100K	-100%	$0.00^*	0	Mar 25, 2022	common stock	833K	$3.00	Direct	F1
transaction	FRBK	series A Convertible preferred stock	Conversion of derivative security	$0	-50K	-50%	$0.00	50K	Mar 25, 2022	common stock	417K	$3.00	trustee	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Series A Convertible Preferred Stock is convertible into common stock at any time at an initial conversion price of $3.00 per share and has no expiration date.