Jay M. Neilon - 02 Jan 2024 Form 4 Insider Report for REPUBLIC FIRST BANCORP INC

Role
Chief Credit Officer
Signature
/s/ Scott A. Brown, pursuant to power of attorney
Issuer symbol
N/A
Transactions as of
02 Jan 2024
Net transactions value
+$137,950
Form type
4
Filing time
04 Jan 2024, 16:14:39 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
holding FRBK Common Stock 54,775 02 Jan 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 $137,950 137,950 02 Jan 2024 Common Stock 137,950 Direct F1, F5
holding FRBK Stock Options 12,000 02 Jan 2024 Common Stock 12,000 $3.68 Direct
holding FRBK Stock Options 12,000 02 Jan 2024 Common Stock 12,000 $3.55 Direct
holding FRBK Stock Options 12,000 02 Jan 2024 Common Stock 12,000 $3.99 Direct
holding FRBK Stock Options 25,000 02 Jan 2024 Common Stock 25,000 $8.00 Direct
holding FRBK Stock Options 30,000 02 Jan 2024 Common Stock 30,000 $8.40 Direct
holding FRBK Stock Options 40,000 02 Jan 2024 Common Stock 40,000 $6.60 Direct
holding FRBK Stock Options 40,000 02 Jan 2024 Common Stock 40,000 $3.01 Direct
holding FRBK Restricted Stock Unit 6,750 02 Jan 2024 Common Stock 6,750 Direct F1, F2
holding FRBK Restricted Stock Unit 11,250 02 Jan 2024 Common Stock 11,250 Direct F1, F3
holding FRBK Restricted Stock Unit 45,000 02 Jan 2024 Common Stock 45,000 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.