Jay S. Sidhu - Dec 15, 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 15, 2021
Transactions value $
-$2,759,788
Form type
4
Date filed
12/16/2021, 11:02 AM
Previous filing
Dec 15, 2021
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBI Common Stock Options Exercise $962K +63.2K +3.79% $15.23 1.73M Dec 15, 2021 Direct F1, F2
transaction CUBI Common Stock Sale -$3.72M -63.2K -3.65% $58.92 1.67M Dec 15, 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 -63.2K -38.72% $0.00 100K Dec 15, 2021 Common Stock 63.2K $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 $58.30 to $59.40. 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.