RBCAA CFO exercises options, covers tax with shares

Republic Bancorp EVP & Chief Financial Officer Kevin D. Sipes exercised employee stock options covering 5,376 shares of Class A Common Stock at an exercise price of $42.74 per share.

Rhea-AI Filing Summary

Republic Bancorp EVP & Chief Financial Officer Kevin D. Sipes exercised employee stock options covering 5,376 shares of Class A Common Stock at an exercise price of $42.74 per share. To cover tax obligations, 4,130 of these shares were withheld at a value of $74.57 per share, leaving him with 76,593.281 shares held directly plus additional shares held through a 401(k) plan. He also continues to hold several remaining option grants that can be exercised in future years.

Insider Trade Summary

5,376 shares exercised/converted

Exercise 7 txns

Insider SIPES KEVIN D

Role EVP & CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	5,376	$0.00	$0.00
Exercise	Class A Common Stock	5,376	$42.74	$230K
Exercise Price or Tax Liability	Class A Common Stock	4,130	$74.57	$308K
holding	Employee Stock Option (right to buy)	--	--	--
holding	Employee Stock Option (right to buy)	--	--	--
holding	Employee Stock Option (right to buy)	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (right to buy) — 10,601 contracts (Direct); Class A Common Stock — 76,593.281 shares (Direct); Class A Common Stock — 3,979.509 shares (Indirect, By 401(k) Plan)

Key Figures

Options exercised: 5,376 shares Exercise price: $42.74 per share Shares withheld for taxes: 4,130 shares +5 more

8 metrics

Options exercised 5,376 shares Employee stock options exercised on Class A Common Stock

Exercise price $42.74 per share Strike price for exercised employee stock options

Shares withheld for taxes 4,130 shares Tax-withholding disposition at $74.57 per share

Tax withholding price $74.57 per share Value used for tax-withholding share disposition

Direct holdings after transactions 76,593.281 shares Direct Class A Common Stock held post-transaction

Indirect 401(k) holdings 3,979.509 shares Class A Common Stock held through 401(k) Plan

Remaining options at $49.25 4,484 underlying shares Employee stock option expiring 2030-01-01

Remaining options at $68.02 and $71.36 3,244 and 2,873 shares Employee stock options expiring 2031 and 2032

Key Terms

Employee Stock Option (right to buy), Exercise or conversion of derivative security, tax-withholding disposition, 401(k) Plan

4 terms

Employee Stock Option (right to buy) financial

"security_title: "Employee Stock Option (right to buy)""

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

401(k) Plan financial

"nature_of_ownership: "By 401(k) Plan""

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did RBCAA EVP & CFO Kevin D. Sipes report?

Kevin D. Sipes reported exercising employee stock options for 5,376 shares of Republic Bancorp Class A Common Stock at an exercise price of $42.74 per share. The transaction converted previously granted options into directly owned shares as part of his compensation package.

How many RBCAA shares were withheld for taxes in Kevin Sipes’ Form 4?

The filing shows 4,130 shares of Class A Common Stock were withheld at $74.57 per share to satisfy tax obligations. This tax-withholding disposition is not an open-market sale but a mechanism to cover taxes tied to the option exercise.

What are Kevin Sipes’ direct RBCAA share holdings after these transactions?

After the reported transactions, Kevin D. Sipes directly holds 76,593.281 shares of Republic Bancorp Class A Common Stock. This figure reflects his position following the option exercise and related tax-withholding share disposition on the reported date.

Does Kevin Sipes have any remaining Republic Bancorp stock options outstanding?

Yes. The filing lists remaining employee stock options on 4,484 shares at $49.25, 3,244 shares at $68.02, and 2,873 shares at $71.36 per share, all exercisable into Class A Common Stock with expirations between 2030 and 2032.

How many Republic Bancorp shares does Kevin Sipes hold indirectly through a 401(k) plan?

The report shows an indirect holding of 3,979.509 shares of Republic Bancorp Class A Common Stock through a 401(k) Plan. These shares are separate from his directly held shares disclosed in the same Form 4 filing.

Was there any open-market buying or selling of RBCAA shares in this Form 4?

No open-market purchases or sales are indicated. The filing describes an option exercise to acquire 5,376 shares and a tax-withholding disposition of 4,130 shares, which covers obligations rather than reflecting discretionary market trading activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/14/2026 - 09:52 AM EDT Learn about SEC filing dates

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^*

SIPES KEVIN D

(Last) (First) (Middle)

601 W MARKET ST

(Street)

LOUISVILLE KENTUCKY 40202

(City) (State) (Zip)

UNITED STATES

(Country)

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

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CHIEF FINANCIAL OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/10/2026		M		5,376	A	$42.74	80,723.281	D
Class A Common Stock	04/10/2026		F		4,130	D	$74.57	76,593.281	D
Class A Common Stock								3,979.509	I	By 401(k) Plan

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
Employee Stock Option (right to buy)	$42.74	04/10/2026		M			5,376	12/31/2025	12/31/2026	Class A Common Stock	5,376	$0	0	D
Employee Stock Option (right to buy)	$49.25							01/01/2027	01/01/2030	Class A Common Stock	4,484		4,484	D
Employee Stock Option (right to buy)	$68.02							01/01/2028	01/01/2031	Class A Common Stock	3,244		3,244	D
Employee Stock Option (right to buy)	$71.36							01/01/2029	01/01/2032	Class A Common Stock	2,873		2,873	D

Explanation of Responses:

	/s/ Kevin Sipes	04/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)