Michael W. Harrington - Jan 2, 2024 Form 4 Insider Report for REPUBLIC FIRST BANCORP INC (FRBK)

Role
Chief Financial Officer
Signature
/s/ Scott A. Brown, pursuant to power of attorney
Stock symbol
FRBK
Transactions as of
Jan 2, 2024
Transactions value $
$554,250
Form type
4
Date filed
1/4/2024, 04:17 PM
Previous filing
Aug 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FRBK Common Stock 1.42M Jan 2, 2024 Direct F1, F2

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 $554K 554K Jan 2, 2024 Common Stock 554K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares of restricted stock which vest in four equal installments, subject the achievement of certain stock price targets during the three-year performance period beginning January 1, 2023 and ending December 31, 2025.
F2 Restricted stock units vest at a rate of 1/3 per year commencing August 25, 2024.
F3 Restricted stock units convert into common stock or cash upon vesting at the election of the Issuer.
F4 Restricted stock units vest at a rate of 1/3 per year commencing January 2, 2025.