Customers Bancorp (NYSE: CUBB) chair sells 68,821 common shares
Rhea-AI Filing Summary
Customers Bancorp, Inc. Chairman and director Jay S. Sidhu sold 68,821 shares of Common Stock on August 3, 2026 at a weighted average price of $80.0888 per share, in multiple trades between $79.265 and $80.43. He now directly holds 667,757 shares, including 53,669 Restricted Stock Units, plus additional indirect holdings through his spouse and several family trusts.
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Insights
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Insider Trade Summary
Net Seller: 68,821 shares
Net Sell
5 txns
Insider
SIDHU JAY S
Role
Chairman
Sold
68,821 shs ($5.51M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 68,821 | $80.0888 | $5.51M |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 667,757 shares (Direct);
Common Stock — 3,701 shares (Indirect, Spouse);
Common Stock — 553,937 shares (Indirect, Trust)
Footnotes (6)
- F1. This transaction was executed in multiple trades at prices ranging from $79.265 to $80.43. 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 53,669 Restricted Stock Units.
- F3. Shares held in Sherry Sidhu Individual Account.
- 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.
Key Figures
Shares sold: 68,821 shares
Weighted average sale price: $80.0888 per share
Trade price range: $79.265–$80.43 per share
+3 more
6 metrics
Shares sold
68,821 shares
Common Stock sale by Jay S. Sidhu on August 3, 2026
Weighted average sale price
$80.0888 per share
Average price for 68,821 shares sold in multiple trades
Trade price range
$79.265–$80.43 per share
Range of execution prices for the August 3, 2026 sale
Direct holdings after sale
667,757 shares
Direct Common Stock holdings of Jay S. Sidhu following the reported sale
Restricted Stock Units included
53,669 Restricted Stock Units
RSUs included within the 667,757 directly held shares
Indirect spouse holdings
3,701 shares
Shares held in Sherry Sidhu Individual Account, reported as indirect ownership
Key Terms
Restricted Stock Units, weighted average sale price, Irrevocable Trust, Family Trust
4 terms
Restricted Stock Units financial
"Includes 53,669 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.
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
Irrevocable Trust financial
"and Descendants Irrevocable Trust."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Family Trust financial
"Family Trust No. 1."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Customers Bancorp (CUBB) report for Jay S. Sidhu?
Jay S. Sidhu sold 68,821 shares of Customers Bancorp Common Stock on August 3, 2026. The sale was reported as an open-market or private transaction at a weighted average price of $80.0888 per share across multiple trades.
What indirect Customers Bancorp (CUBB) holdings are associated with Jay S. Sidhu?
Indirectly, 3,701 shares are reported as held in the Sherry Sidhu Individual Account, attributed as spousal holdings. Additional indirect ownership is reported through several family and irrevocable trusts, though specific share counts for those trusts are not detailed here.
Were Jay S. Sidhu’s Customers Bancorp (CUBB) trades under a Rule 10b5-1 plan?
The report does not identify the August 3, 2026 sale as made under a Rule 10b5-1 trading plan. The Rule 10b5-1 checkbox is not marked as an affirmative trading-plan transaction, and the footnotes provide no reference to such a plan.