Is the 1,461-share transaction by Jay S. Sidhu a sale of Customers Bancorp stock?

The 1,461-share transaction is classified as a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer at $73.80 per share to cover tax obligations related to the vesting of a previously granted restricted stock award under Sidhu’s compensation.

Customers Bancorp (NYSE: CUBI) chair has shares withheld for tax

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Customers Bancorp Chairman Jay S. Sidhu reported a routine tax-withholding transaction in company common stock. On April 8, 2026, 1,461 shares were withheld at $73.80 per share to cover taxes upon vesting of a previously issued restricted stock award.

After this event, Sidhu directly holds 806,120 shares of common stock, which include 33,958 Restricted Stock Units. He also has additional indirect interests through a spouse account and several family trusts, with reported holdings of 3,701, 213,560, 181,825, and 158,552 shares respectively.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider SIDHU JAY S

Role Chairman

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,461	$73.80	$108K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 806,120 shares (Direct); Common Stock — 3,701 shares (Indirect, Spouse)

Footnotes (1)

Shares withheld for taxes upon vesting of previously issued restricted stock award. Includes 33,958 Restricted Stock Units. Shares held in Sherry Sidhu Individual Account Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.

Key Figures

Tax-withheld shares: 1,461 shares Tax-withholding price: $73.80 per share Direct shares after transaction: 806,120 shares +5 more

8 metrics

Tax-withheld shares 1,461 shares Withheld for taxes on restricted stock vesting at $73.80 on April 8, 2026

Tax-withholding price $73.80 per share Value used for the 1,461-share tax-withholding disposition

Direct shares after transaction 806,120 shares Direct Customers Bancorp common stock held by Jay S. Sidhu after transaction

Restricted Stock Units included 33,958 RSUs Restricted Stock Units included within Sidhu’s 806,120 direct shares

Spouse account holdings 3,701 shares Indirect ownership via Sherry Sidhu individual account

Trust holdings 1 213,560 shares Indirect ownership via irrevocable trust for Sherry K. Sidhu and descendants

Trust holdings 2 181,825 shares Indirect ownership via Sherry K. Sidhu Family Trust No. 1

Trust holdings 3 158,552 shares Indirect ownership via Sherry K. Sidhu Family Trust No. 2

Key Terms

restricted stock award, Restricted Stock Units, tax-withholding disposition, indirect ownership, +1 more

5 terms

restricted stock award financial

"Shares withheld for taxes upon vesting of previously issued restricted stock award."

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

Restricted Stock Units financial

"Includes 33,958 Restricted Stock Units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "Spouse""

Family Trust financial

"Family Trust No. 1. ... Family Trust No. 2."

Form 4 Insider Transactions: What Each Field Means →

04/10/2026 - 11:19 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SIDHU JAY S

(Last)

(First)

(Middle)

701 READING AVENUE

(Street)

WEST READING

PENNSYLVANIA

19611

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Customers Bancorp, Inc. [ CUBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/08/2026	04/08/2026	F		1,461⁽¹⁾	D	$73.8	806,120⁽²⁾	D
Common Stock								3,701	I	Spouse⁽³⁾
Common Stock								213,560	I	Trust⁽⁴⁾
Common Stock								181,825	I	Trust⁽⁵⁾
Common Stock								158,552	I	Trust⁽⁶⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares withheld for taxes upon vesting of previously issued restricted stock award.

2. Includes 33,958 Restricted Stock Units.

3. Shares held in Sherry Sidhu Individual Account

4. Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust.

5. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1.

6. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.

Remarks:

	/s/ Jay S. Sidhu by Andrew Sachs under Power of Attorney	04/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Customers Bancorp (CUBI) report for Jay S. Sidhu?

Customers Bancorp reported that Chairman Jay S. Sidhu had 1,461 common shares withheld at $73.80 per share to satisfy taxes on a vesting restricted stock award. This is a tax-withholding disposition, not an open-market sale or purchase, and reflects routine compensation-related activity.

How many Customers Bancorp shares does Jay S. Sidhu hold after this Form 4?

After the reported tax-withholding, Jay S. Sidhu directly holds 806,120 shares of Customers Bancorp common stock, including 33,958 Restricted Stock Units. He also has indirect holdings through a spouse account and several family trusts, which together represent additional, separately reported share positions.

What indirect Customers Bancorp holdings are associated with Jay S. Sidhu?

Indirect holdings reported with Jay S. Sidhu include 3,701 shares in a spouse’s individual account and three family trusts holding 213,560, 181,825, and 158,552 shares. These positions reflect shares held for the benefit of family members and trusts, distinct from his direct ownership.

What role do Restricted Stock Units play in Jay S. Sidhu’s Customers Bancorp position?

Sidhu’s direct holding of 806,120 Customers Bancorp shares includes 33,958 Restricted Stock Units. These units typically represent rights to receive shares upon vesting, forming part of his equity-based compensation and aligning his interests with the company’s long-term performance.