Andrew Hertz Bowman - 01 Aug 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
Issuer symbol: CUBI
Transactions as of: 01 Aug 2023
Net transactions value: -$539,917
Form type: 4
Filing time: 02 Aug 2023, 14:37:55 UTC
Previous filing: 01 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CUBI	Common Stock	Options Exercise	$67,611	+1,665	+5.6%	$40.61	31,517	01 Aug 2023	Direct	F1, F2
transaction	CUBI	Common Stock	Sale	$607,529	-14,961	-47%	$40.61	16,556	01 Aug 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	-1,665	-100%	$0.000000^*	0	01 Aug 2023	Common Stock	1,665	$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.