Andrew H. Bowman - Aug 1, 2023 Form 4 Insider Report for Customers Bancorp, Inc. (CUBI)

Role
EVP and Chief Credit Officer
Signature
/s/ Andrew H. Bowman by Andrew Sachs Under Power of Attorney
Stock symbol
CUBI
Transactions as of
Aug 1, 2023
Transactions value $
-$539,917
Form type
4
Date filed
8/2/2023, 02:37 PM
Previous filing
Jun 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBI Common Stock Options Exercise $67.6K +1.67K +5.58% $40.61 31.5K Aug 1, 2023 Direct F1, F2
transaction CUBI Common Stock Sale -$608K -15K -47.47% $40.61 16.6K Aug 1, 2023 Direct 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 Stock Options (Right to buy) Options Exercise $0 -1.67K -100% $0.00* 0 Aug 1, 2023 Common Stock 1.67K $19.28 Direct
* 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 $40.28 to $40.96. 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 16,556 Restricted Stock Units.
F3 This transaction was executed in multiple trades at prices ranging from $40.28 to $40.96. 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.