Lisa R. Jacobs - Feb 21, 2023 Form 4 Insider Report for REPUBLIC FIRST BANCORP INC (FRBK)

Role
Director
Signature
/s/ Lisa R. Jacobs
Stock symbol
FRBK
Transactions as of
Feb 21, 2023
Transactions value $
$0
Form type
4
Date filed
5/22/2023, 10:53 AM
Previous filing
Mar 24, 2022
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRBK Common Stock Options Exercise +8.5K +49.71% 25.6K Mar 21, 2023 Direct F1

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 Restricted Stock Unit Options Exercise -$8.5K $0 Mar 21, 2023 Common Stock 8.5K Direct F1, F2
transaction FRBK Restricted Stock Unit Award $8.5K 8.5K Feb 21, 2023 Common Stock 8.5K Direct F1, F3
holding FRBK Stock Options 25K Feb 21, 2023 Common Stock 25K $8.40 Direct
holding FRBK Stock Options 25K Feb 21, 2023 Common Stock 25K $6.60 Direct
holding FRBK Stock Options 25K Feb 21, 2023 Common Stock 25K $3.01 Direct
holding FRBK Series A. Convertible Preferred stock 1K Feb 21, 2023 Common Stock 1K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock or cash upon vesting at the election of the Issuer.
F2 Restricted stock units vest 100% on March 21, 2023.
F3 Restricted stock units vest 100% on February 21, 2024.
F4 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.