Jay S. Sidhu - Oct 31, 2023 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
Oct 31, 2023
Transactions value $
-$3,941,630
Form type
4
Date filed
11/1/2023, 04:43 PM
Previous filing
Apr 10, 2023
Next filing
Nov 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBI Common Stock Options Exercise $1.52M +100K +7.82% $15.23 1.38M Oct 31, 2023 Direct F1, F2
transaction CUBI Common Stock Sale -$3.94M -100K -7.26% $39.42 1.28M Oct 31, 2023 Direct F1, F2, F3
holding CUBI Common Stock 179K Oct 31, 2023 Trust F4
holding CUBI Common Stock 167K Oct 31, 2023 Trust F5
holding CUBI Common Stock 167K Oct 31, 2023 Trust F6

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 -$1.52M -100K -100% $15.23 0 Oct 31, 2023 Common Stock 100K $15.23 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 109,378 Restricted Stock Units.
F2 Includes 9,241 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
F3 This transaction was executed in multiple trades at prices ranging from $38.64 to $40.25. 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 Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust.
F5 Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1
F6 Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.