Jay S. Sidhu - 31 Dec 2021 Form 5 Insider Report for Customers Bancorp, Inc. (CUBI)

Signature
/s/ Jay S. Sidhu by Andrew Sachs under Power of Attorney
Issuer symbol
CUBI
Transactions as of
31 Dec 2021
Net transactions value
-$26,371,585
Form type
5
Filing time
09 Feb 2022, 15:29:05 UTC
Previous filing
16 Dec 2021
Next filing
24 Jan 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBI Common Stock Gift $11,721,600 -192,000 -10% $61.05 1,663,160 22 Dec 2021 Spouse F1, F2, F3, F4
transaction CUBI Common Stock Gift $11,649,988 -179,410 -9.7% $64.94 1,663,160 28 Dec 2021 Trust F2, F3, F5, F6
transaction CUBI Common Stock Gift $2,999,997 -46,200 -2.8% $64.94 1,616,960 28 Dec 2021 Trust F2, F3, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $59.75 to $62.28. 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.
F2 Includes 121,929 Restricted Stock Units.
F3 Includes 7,663 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
F4 Sherry Sidhu TOD Jay Sidhu.
F5 This transaction was executed in multiple trades at prices ranging from $63.87 to $66.00. 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.
F6 Jay S. Sidhu FBO Sherry K. Sidhu and Descendants Irrevocable Agreement of Trust dtd. 12/21/2021.
F7 National Philanthropic Trust Account - Jay Sidhu.