Jay S. Sidhu - Dec 1, 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: Dec 1, 2021
Transactions value $: -$2,137,335
Form type: 4
Date filed: 12/2/2021, 02:37 PM
Previous filing: Dec 1, 2021
Next filing: Dec 6, 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	Dec 1, 2021	Direct	F1, F2
transaction	CUBI	Common Stock	Sale	-$2.9M	-50K	-3.39%	$57.98	1.42M	Dec 1, 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	-14.3%	$0.00	300K	Dec 1, 2021	Common Stock	50K	$15.23	Direct	F4

* 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 $56.62 to $59.36. 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.
F4	The reporting person's form 4s previously filed inadvertently identified the number of derivative securities beneficially owned following the reported transaction as zero (0), rather than 299,701 employee stock options owned following the reported transaction.