Jay S. Sidhu - Nov 8, 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
Stock symbol
CUBI
Transactions as of
Nov 8, 2021
Transactions value $
-$2,230,875
Form type
4
Date filed
11/10/2021, 08:52 AM
Previous filing
Nov 9, 2021
Next filing
Nov 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBI Common Stock Options Exercise $762K +50K +3.51% $15.23 1.47M Nov 8, 2021 Direct F1, F2
transaction CUBI Common Stock Sale -$2.99M -50K -3.39% $59.85 1.42M Nov 8, 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 -50K -100% $0.00* 0 Nov 8, 2021 Common Stock 50K $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 $58.69 to $61.415. 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.