[144] First BanCorp. SEC Filing

Rhea-AI Filing Summary

Republic Bancorp Inc. (RBCAA) filed a Form 4 disclosing that President & CEO Logan Pichel acquired 92.06 Class A common shares on 30 June 2025 at an average price of $73.11. Following the transaction, he holds 56,221.79 shares directly and 1,509.73 shares indirectly through the company’s 401(k) plan.

The report also adjusts totals for dividend reinvestment, employee stock purchase plan activity and fractional-share rounding under a new plan administrator. No shares were sold, and no new derivative grants or option exercises occurred; existing options covering 52,420 shares remain outstanding with strike prices between $42.74 and $68.02.

With an implied purchase value of roughly $6.7 thousand, the trade is immaterial relative to Pichel’s stake and the company’s market capitalisation. While continued net buying by the chief executive can be interpreted as a modest vote of confidence, the size suggests a routine, low-impact insider transaction rather than a catalyst for the stock.

Insights

Securities Analyst

TL;DR: Small CEO purchase; negligible financial effect; neutral signal for valuation.

The 92-share buy is worth about $7 k and raises Logan Pichel’s direct ownership by less than 0.2 %. With no sales or option exercises, insider bias stays marginally positive, yet the dollar amount is far below thresholds that typically precede price outperformance. The filing appears administrative—reflecting dividend equivalents and ESPP activity—so I rate the impact on Republic Bancorp’s investment thesis as neutral.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
common	Merrill 1543 Palm Passage Suite 3 St Thomas VI 00802	99000	2082960.00	161542570	06/26/2025	nyse

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
common	03/29/2023	stock bonus	n/a			29751	03/29/2023	stock bonus
common	03/21/2019	stock bonus	n/a			20074	03/21/2019	stock bonus
common	03/16/2016	stock bonus	n/a			35944	03/16/2016	stock bonus
common	03/20/2015	stock bonus	n/a			10423	03/20/2015	stock bonus
common	04/03/2013	stock bonus	n/a			2808	04/03/2013	stock bonus

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Republic Bancorp (RBCAA) shares did CEO Logan Pichel buy?

He purchased 92.06 Class A common shares on 30 June 2025.

At what price were the RBCAA shares acquired?

The shares were bought at an average price of $73.11 per share.

What is Logan Pichel’s total RBCAA share ownership after the transaction?

He now owns 56,221.79 shares directly and 1,509.73 shares indirectly via the 401(k) plan.

Did the Form 4 report any stock sales or option exercises?

No sales or option exercises were reported; only a small share purchase and routine adjustments.

How many stock options does Logan Pichel hold?

He holds 52,420 options across three grants with strikes of $42.74, $49.25 and $68.02, expiring between 2026 and 2031.

Is the purchase linked to a Rule 10b5-1 trading plan?

The filing does not indicate that the transaction was made under a Rule 10b5-1 plan.