Republic Bancorp (RBCAA) Director Reports Dividend-Equivalent Acquisition

Rhea-AI Filing Summary

David P. Feaster, a director of Republic Bancorp Inc. (ticker: RBCAA), reported a Section 16 transaction dated 09/30/2025. The Form 4 shows acquisition of 159.17 units of Class A Common Stock at a price of $72.25 per unit. After the transaction the report lists 5,366.89 shares (or share-equivalents) beneficially owned by the reporting person. The filing includes an explanatory note stating these reflect additional dividend equivalent rights acquired since the last ownership report. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 10/02/2025.

Positive

• Insider acquisition disclosed showing transparency under Section 16 reporting
• Clear explanatory note stating the units are dividend equivalent rights

Negative

• None.

Insights

Financial Analyst

TL;DR Insider acquired a modest amount of Class A stock-equivalents, raising beneficial ownership to 5,366.89 units; appears routine and non-material.

The reported transaction is an acquisition of 159.17 Class A common stock units at $72.25 each, described as dividend equivalent rights added since the last report. The size of the purchase relative to total reported beneficial ownership appears limited. There is no indication of stock option exercise, sale, or change in control. For investors, this filing documents insider participation through dividend equivalents but does not present new operational or financial information about the company.

Corporate Governance Expert

TL;DR Director reported routine accrual of dividend-equivalent rights; disclosure complies with Section 16 reporting conventions.

The Form 4 identifies the reporting person as a director and marks the filing as by one reporting person. The explanatory note clarifies the nature of the additional units as dividend equivalents rather than an open-market purchase or a compensatory grant with exercise terms disclosed. The form appears properly completed with signature by an attorney-in-fact. This is a routine governance disclosure without indications of policy changes, related-party transactions, or extraordinary compensation events.

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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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^*

Feaster David P

(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		159.17	A	$72.25	5,366.89(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 did RBCAA director David P. Feaster acquire on 09/30/2025?

The Form 4 reports acquisition of 159.17 units of Class A Common Stock at $72.25 per unit.

How many RBCAA shares does the reporting person beneficially own after the transaction?

The filing shows 5,366.89 shares (or share-equivalents) beneficially owned following the reported transaction.

What is the stated reason for these additional units in the Form 4?

The filing explains these reflect additional dividend equivalent rights acquired since the reporting person's last ownership report.

Who signed the Form 4 for the reporting person and when?

The Form 4 was signed by /s/ Kevin Sipes, Attorney-in-Fact on 10/02/2025.

Does the Form 4 indicate an amendment or multiple reporting persons?

The form indicates no amendment date and is filed by one reporting person.