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

Role: Chairman and CEO, Director
Signature: /s/ Vernon W. Hill, II
Issuer symbol: N/A
Transactions as of: 25 Mar 2022
Net transactions value: +$3,749,997
Form type: 4
Filing time: 29 Mar 2022, 16:00:52 UTC
Previous filing: 24 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FRBK	Common Stock	Conversion of derivative security	$2,499,999	+833,333	+39%	$3.00	2,977,198	25 Mar 2022	Direct
transaction	FRBK	Common Stock	Conversion of derivative security	$1,249,998	+416,666	+18%	$3.00	2,795,666	25 Mar 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	-100,000	-100%	$0.000000^*	0	25 Mar 2022	common stock	833,333	$3.00	Direct	F1
transaction	FRBK	series A Convertible preferred stock	Conversion of derivative security	$0	-50,000	-50%	$0.000000	50,000	25 Mar 2022	common stock	416,666	$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.