JAY S. SIDHU - 05 Nov 2021 Form 4 Insider Report for Customers Bancorp, Inc. (CUBI)

Role: Chairman & CEO, Director
Signature: /s/ Jay S. Sidhu by Andrew Sachs under Power of Attorney
Issuer symbol: CUBI
Transactions as of: 05 Nov 2021
Net transactions value: -$2,611,410
Form type: 4
Filing time: 09 Nov 2021, 16:04:27 UTC
Previous filing: 08 Nov 2021
Next filing: 10 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CUBI	Common Stock	Options Exercise	$609,200	+40,000	+2.8%	$15.23	1,464,912	05 Nov 2021	Direct	F1, F2
transaction	CUBI	Common Stock	Options Exercise	$304,600	+20,000	+1.4%	$15.23	1,484,912	05 Nov 2021	Direct	F1, F2
transaction	CUBI	Common Stock	Sale	$3,525,210	-60,000	-4%	$58.75	1,424,912	05 Nov 2021	Direct	F1, F2, F3

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	CUBI	Employee Stock Option (right to buy)	Options Exercise	$0	-40,000	-100%	$0.000000^*	0	05 Nov 2021	Common Stock	40,000	$15.23	Direct
transaction	CUBI	Employee Stock Option (right to buy)	Options Exercise	$0	-20,000	-100%	$0.000000^*	0	05 Nov 2021	Common Stock	20,000	$15.23	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 134,898 Restricted Stock Units.
F2	Includes 7,663 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
F3	This transaction was executed in multiple trades at prices ranging from $57.86 to $59.49. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transition was affected.