Lisa R. Jacobs - 02 Jan 2024 Form 4 Insider Report for REPUBLIC FIRST BANCORP INC

Role
Director
Signature
/s/ Scott A. Brown, pursuant to power of attorney
Issuer symbol
N/A
Transactions as of
02 Jan 2024
Net transactions value
+$85,100
Form type
4
Filing time
04 Jan 2024, 16:22:52 UTC
Previous filing
22 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FRBK Common Stock 25,600 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 $85,100 85,100 02 Jan 2024 Common Stock 85,100 Direct F1, F3
holding FRBK Stock Options 25,000 02 Jan 2024 Common Stock 25,000 $8.40 Direct
holding FRBK Stock Options 25,000 02 Jan 2024 Common Stock 25,000 $6.60 Direct
holding FRBK Stock Options 25,000 02 Jan 2024 Common Stock 25,000 $3.01 Direct
holding FRBK Series A. Convertible Preferred stock 1,000 02 Jan 2024 Common Stock 1,000 Direct F4
holding FRBK Restricted Stock Unit 8,500 02 Jan 2024 Common Stock 8,500 Direct F1, F2
* 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 February 21, 2024.
F3 Restricted stock units vest 100% on January 2, 2025.
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.