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[Form 4] Parke Bancorp Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Jeffrey H. Kripitz, a director of Parke Bancorp, Inc. (PKBK), reported two open-market sales in August 2025. He sold 1,600 shares on 08/19/2025 at $21.31 and 3,363 shares on 08/22/2025 at $22.19, reducing his direct beneficial ownership to 47,911 shares. The filing lists additional indirect holdings: 75,543 (PSP), 43,175 (IRA), 28,985 (Trust) and 27,602 (ITF). The form is signed on 08/25/2025 via power of attorney.

Positive

  • Timely disclosure of insider transactions with transaction dates and prices provided
  • Substantial indirect holdings remain, indicating continued economic interest in the company

Negative

  • Director sold a total of 4,963 shares (1,600 on 08/19/2025 and 3,363 on 08/22/2025), reducing direct holdings to 47,911

Insights

TL;DR: Director disclosed routine open-market sales that reduced direct holdings, with substantial indirect holdings remaining.

The Form 4 shows two market sales totaling 4,963 shares across two dates in August 2025, with reported prices of $21.31 and $22.19. This is a straightforward Section 16 disclosure. The continued sizable indirect holdings indicate ongoing alignment with the company, while the direct stake decline is notable for transparency but not necessarily material on its own.

TL;DR: Insider sold a modest number of shares; transaction values are small relative to typical institutional positions.

The transactions are clearly reported and timely. Total proceeds approximate $108,000 (based on reported prices), but the filing does not provide company-wide share counts to assess percentage impact. The mix of direct and indirect holdings should be considered when evaluating insider ownership continuity.

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*
KRIPITZ JEFFREY H

(Last) (First) (Middle)
601 DELSEA DR.

(Street)
SEWELL NJ 08080

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PARKE BANCORP, INC. [ PKBK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 08/19/2025 S 1,600 D $21.31 51,274 D
Common Stock 08/22/2025 S 3,363 D $22.19 47,911 D
Common Stock 75,543 I PSP
Common Stock 43,175 I IRA
Common Stock 28,985 I Trust
Common Stock 27,602 I ITF
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Jeffrey H. Kripitz, Jonathan D. Hill, Power of Attorney 08/25/2025
** 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.

FAQ

What insider transactions did Jeffrey H. Kripitz report for PKBK?

He reported two open-market sales: 1,600 shares sold on 08/19/2025 at $21.31 and 3,363 shares sold on 08/22/2025 at $22.19.

How many shares does Jeffrey H. Kripitz beneficially own after these transactions?

The filing reports 47,911 shares held directly after the reported sales, plus indirect holdings of 75,543 (PSP), 43,175 (IRA), 28,985 (Trust) and 27,602 (ITF).

When was the Form 4 signed for these PKBK transactions?

The signature block shows the form was signed on 08/25/2025 by Jeffrey H. Kripitz and Jonathan D. Hill via power of attorney.

Were these transactions acquisitions or disposals?

Both reported transactions are disposals (sales), indicated by transaction code 'S' in the filing.

What prices were reported for the PKBK sales?

The reported sale prices are $21.31 for the 08/19/2025 sale and $22.19 for the 08/22/2025 sale.
Parke Bancorp Inc

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