Customers Bancorp EVP Watkins sells 5,500 shares

Q: How many CUBB shares did Philip Watkins sell and at what price?

Philip Watkins sold 5,500 CUBB common shares on November 2, 2026, at a weighted average price of $86.1680 per share. The sale involved multiple trades priced from $86.0701 to $86.22. No Rule 10b5-1 plan is reported for the transactions.

Q: How many CUBB options did Philip Watkins exercise?

Philip Watkins exercised options covering 2,000 shares on November 2, 2026, at a $28.3700 exercise price, acquiring 2,000 common shares. His reported option position after the exercise was 18,000 shares.

The reported sale price was a weighted average across multiple trades priced from $86.0701 to $86.22.

Available on EDGAR 11/04/2026 - 05:17 PM EST Accepted by SEC EDGAR 11/04/2026 - 05:16 PM EST

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Form Type

Rhea-AI Filing Summary

Customers Bancorp, Inc. (CUBB) EVP, Head of Corp Devel & IR Philip Watkins exercised options covering 2,000 shares at a $28.3700 exercise price on November 2, 2026, acquiring 2,000 common shares. On the same date, he sold 5,500 common shares at a weighted average price of $86.1680 per share, across trades ranging from $86.0701 to $86.22. His reported option position after the exercise was 18,000 shares. No Rule 10b5-1 plan is reported for the transactions.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Watkins Philip

Role EVP, Head of Corp Devel & IR

Sold 5,500 shs ($474K)

Approx. gross sale proceeds $474K

Approx. exercise cost $57K

Type	Security	Shares	Price	Value
Exercise	Employee Stock Options (Right to buy)	2,000	$28.37	$57K
Exercise	Common Stock ^F1	2,000	$28.37	$57K
Sale	Common Stock ^{F2, F1}	5,500	$86.168	$474K

Holdings After Transaction: Employee Stock Options (Right to buy) — 18,000 contracts (Direct); Common Stock — 41,102 shares (Direct)

Footnotes (2)

F1. Includes 10,857 Restricted Stock Units.
F2. This transaction was executed in multiple trades at prices ranging from $86.0701 to $86.22. 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.

Key Figures

Options exercised: 2,000 shares Exercise price: $28.3700 per share Common shares acquired: 2,000 shares +4 more

7 metrics

Options exercised 2,000 shares November 2, 2026

Exercise price $28.3700 per share Options exercised November 2, 2026

Common shares acquired 2,000 shares November 2, 2026

Common shares sold 5,500 shares November 2, 2026

Weighted average sale price $86.1680 per share Multiple trades on November 2, 2026

Sale price range $86.0701 to $86.22 per share Multiple trades on November 2, 2026

Reported option position after exercise 18,000 shares Following the November 2, 2026 exercise

Key Terms

Employee Stock Options (Right to buy), exercise price, weighted average sale price, Restricted Stock Units

4 terms

Employee Stock Options (Right to buy) technical

"Employee Stock Options (Right to buy)"

exercise price financial

"at a $28.3700 exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

weighted average sale price financial

"reflects the weighted average sale price"

Restricted Stock Units financial

"Includes 10,857 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CUBB shares did Philip Watkins sell and at what price?

Philip Watkins sold 5,500 CUBB common shares on November 2, 2026, at a weighted average price of $86.1680 per share. The sale involved multiple trades priced from $86.0701 to $86.22. No Rule 10b5-1 plan is reported for the transactions.

How many CUBB options did Philip Watkins exercise?

Philip Watkins exercised options covering 2,000 shares on November 2, 2026, at a $28.3700 exercise price, acquiring 2,000 common shares. His reported option position after the exercise was 18,000 shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Watkins Philip

(Last)

(First)

(Middle)

701 READING AVENUE

(Street)

WEST READING, PA 19611

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Head of Corp Devel & IR

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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	11/02/2026		M		2,000	A	$28.37	46,602⁽¹⁾	D
Common Stock	11/02/2026		S		5,500	D	$86.168⁽²⁾	41,102⁽¹⁾	D

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)
Employee Stock Options (Right to buy)	$28.37	11/02/2026		M		2,000		02/24/2026	02/24/2031	Common Stock	2,000	$28.37	18,000	D

Explanation of Responses:

1. Includes 10,857 Restricted Stock Units.

2. This transaction was executed in multiple trades at prices ranging from $86.0701 to $86.22. 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.

Remarks:

	/s/ Philip Watkins by Andrew Sachs under Power of Attorney	11/04/2026
	** 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