Jay M. Neilon - Jan 2, 2024 Form 4 Insider Report for REPUBLIC FIRST BANCORP INC (FRBK)

Role
Chief Credit Officer
Signature
/s/ Scott A. Brown, pursuant to power of attorney
Stock symbol
FRBK
Transactions as of
Jan 2, 2024
Transactions value $
$137,950
Form type
4
Date filed
1/4/2024, 04:14 PM
Previous filing
Mar 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FRBK Common Stock 54.8K Jan 2, 2024 Direct

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 Award $138K 138K Jan 2, 2024 Common Stock 138K Direct F1, F5
holding FRBK Stock Options 12K Jan 2, 2024 Common Stock 12K $3.68 Direct
holding FRBK Stock Options 12K Jan 2, 2024 Common Stock 12K $3.55 Direct
holding FRBK Stock Options 12K Jan 2, 2024 Common Stock 12K $3.99 Direct
holding FRBK Stock Options 25K Jan 2, 2024 Common Stock 25K $8.00 Direct
holding FRBK Stock Options 30K Jan 2, 2024 Common Stock 30K $8.40 Direct
holding FRBK Stock Options 40K Jan 2, 2024 Common Stock 40K $6.60 Direct
holding FRBK Stock Options 40K Jan 2, 2024 Common Stock 40K $3.01 Direct
holding FRBK Restricted Stock Unit 6.75K Jan 2, 2024 Common Stock 6.75K Direct F1, F2
holding FRBK Restricted Stock Unit 11.3K Jan 2, 2024 Common Stock 11.3K Direct F1, F3
holding FRBK Restricted Stock Unit 45K Jan 2, 2024 Common Stock 45K Direct F1, 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 at a rate of 25% per year commencing February 18, 2022.
F3 Restricted stock units vest at a rate of 25% per year commencing March 21, 2023.
F4 Restricted stock units vest at a rate of 25% per year commencing February 21, 2024.
F5 Restricted stock units vest at a rate of 1/3 per year commencing January 2, 2025.