JAY S. SIDHU - 02 Nov 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
Issuer symbol
CUBI
Transactions as of
02 Nov 2023
Net transactions value
-$2,124,825
Form type
4
Filing time
02 Nov 2023, 17:13:28 UTC
Previous filing
02 Nov 2023
Next filing
06 Dec 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 Sale $2,124,825 -51,240 -4.2% $41.47 1,177,385 02 Nov 2023 Direct F1, F2, F3
holding CUBI Common Stock 179,140 02 Nov 2023 Trust F4
holding CUBI Common Stock 167,290 02 Nov 2023 Trust F5
holding CUBI Common Stock 167,290 02 Nov 2023 Trust F6
* 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 $40.46 to $42.27. 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 109,378 Restricted Stock Units.
F3 Includes 9,241 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
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.