Republic Bancorp Director Reports 179.93-Share Acquisition

Rhea-AI Filing Summary

Republic Bancorp Inc (/KY/, ticker RBCAA) Director Yoania Cannon reported an acquisition of Class A common stock on 09/30/2025. The Form 4 shows an acquisition of 179.93 shares at a price of $72.25 per share, resulting in 1,867.89 shares beneficially owned following the transaction. The filing notes these shares reflect additional dividend equivalent rights acquired since the reporting person’s last ownership report. The Form 4 was signed by an attorney-in-fact on 10/02/2025.

Positive

• Director acquisition reported: 179.93 Class A shares were acquired, aligning insider and shareholder interests
• Clear disclosure: Transaction date, price ($72.25), and post-transaction beneficial ownership (1,867.89 shares) are explicitly stated

Negative

• None.

Insights

Securities Analyst

TL;DR: Director purchased 179.93 Class A shares at $72.25, modestly increasing direct beneficial ownership to 1,867.89 shares.

This Form 4 documents a straightforward acquisition by a director rather than a derivative exercise or disposition. The reported amount (179.93 shares) appears to stem from dividend equivalent rights being converted or allocated to additional Class A common stock units since the last report, per the filer’s explanation. The price of $72.25 is recorded for the transaction, and ownership is reported as direct. For investors, insider acquisitions can signal alignment with shareholder interests, but the absolute size is small relative to typical institutional holdings and no further material corporate action is disclosed here.

Corporate Governance Expert

TL;DR: Transaction is an internal allocation of dividend-equivalent rights to common shares by a director; procedural filing appears routine.

The Form 4 identifies Yoania Cannon as a Director and indicates the change arises from additional dividend-equivalent rights rather than a market purchase or sale. The filing is complete with transaction date 09/30/2025 and signature by an attorney-in-fact on 10/02/2025. From a governance perspective, this is a routine reporting of compensation-related share accruals and does not, on its face, indicate any governance dispute or material change in control or control intent.

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
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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).

1. Name and Address of Reporting Person^*

Cannon Yoania

(Last) (First) (Middle)

601 W MARKET ST

(Street)

LOUISVILLE KY 40202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
REPUBLIC BANCORP INC /KY/ [ RBCAA ]

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)
09/30/2025

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
Class A Common Stock	09/30/2025		A		179.93	A	$72.25	1,867.89(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report.

	/s/ Kevin Sipes, Attorney-in-Fact	10/02/2025
	** 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 transaction did Republic Bancorp (RBCAA) insider Yoania Cannon report on the Form 4?

The Form 4 reports an acquisition of 179.93 Class A common shares on 09/30/2025 at $72.25 per share.

How many shares does Yoania Cannon beneficially own after the reported transaction?

The filing reports 1,867.89 shares beneficially owned following the reported transaction.

Why were the additional shares reported by the insider?

The filing explains the amount reflects additional dividend equivalent rights acquired since the reporter's last ownership report.

When was the Form 4 signed and by whom?

The Form 4 bears the signature of an attorney-in-fact, /s/ Kevin Sipes, dated 10/02/2025.

Was this a sale or a disposition reported on the Form 4?

No. The Form 4 records an acquisition (A) of shares, not a disposition.