[Form 4] Republic Bancorp Inc/KY Insider Trading Activity

Rhea-AI Filing Summary

William R. Nelson, identified as a director and an officer (listed as PRESIDENT, RPG) of Republic Bancorp Inc. (RBCAA), reported multiple transactions dated 08/22/2025 on Form 4. The filing shows purchases of 1,500 Class A common shares at $35.92 and 4,868 Class A common shares at $51.39, and disposals of 707 and 3,755 Class A common shares at $76.23 each. Table II discloses exercises/changes in employee stock options corresponding to the 1,500 and 4,868 share transactions and details of outstanding options (totaling 17,368 underlying shares across several strike prices and expirations). The report notes additional dividend equivalent rights acquired since the last report. The ownership figures shown after each transaction are included on the form.

Positive

• Reported acquisition of 6,368 Class A common shares on 08/22/2025 (1,500 at $35.92 and 4,868 at $51.39), indicating insider investment activity.
• Disclosure of multiple outstanding employee stock options with clear strike prices and expiration dates, providing transparency on potentially dilutive instruments.
• Filing includes an explicit explanation that additional dividend equivalent rights were acquired since the last report.

Negative

• Reported dispositions of 4,462 Class A common shares on 08/22/2025 (707 and 3,755 at $76.23), which reduce the reporting person's direct holdings.
• The form does not state the purpose of the sales (e.g., tax withholding), leaving incomplete context about the disposition transactions.

Insights

Securities Analyst

TL;DR: Reporting person executed option-related transactions and both acquired and sold company shares on 08/22/2025, changing reported beneficial ownership.

The Form 4 documents option-related activity and open-market-like share movements on a single date. The filing explicitly records acquisitions of 6,368 Class A shares and dispositions of 4,462 Class A shares at stated prices, and lists multiple outstanding employee stock options with varying strikes and expirations. The explanation references additional dividend equivalent rights since the last report. These are standard Section 16 disclosures showing insider option exercises and subsequent share movements; the filing does not provide motives, proceeds retained, or whether sales were to cover tax obligations.

Corporate Governance Expert

TL;DR: The disclosure is routine Section 16 reporting of option exercises and share transactions by an officer/director.

The form identifies the reporting person as both a director and an officer and lists multiple non-derivative and derivative entries tied to employee stock options. Table II confirms exercises or changes in option positions and reports outstanding option grants by strike and expiration. The filing includes a signed attorney-in-fact signature. No regulatory actions, resignations, or unusual compensation terms are disclosed in this document.

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).

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^*

Nelson William R

(Last) (First) (Middle)

601 WEST MARKET STREET

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT, RPG

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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	08/22/2025		M		1,500	A	$35.92	31,552.93(1)	D
Class A Common Stock	08/22/2025		F		707	D	$76.23	30,845.93	D
Class A Common Stock	08/22/2025		M		4,868	A	$51.39	35,713.93	D
Class A Common Stock	08/22/2025		F		3,755	D	$76.23	31,958.93	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
Employee Stock Option (right to buy)	$35.92	08/22/2025		M			1,500	03/10/2025	03/09/2026	Class A Common Stock	1,500	$0	0	D
Employee Stock Option (right to buy)	$51.39	08/22/2025		M			4,868	12/31/2024	12/31/2025	Class A Common Stock	4,868	$0	0	D
Employee Stock Option (right to buy)	$42.74							12/31/2025	12/31/2026	Class A Common Stock	5,376		5,376	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

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	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 transactions did William R. Nelson report on Form 4 for RBCAA?

The Form 4 reports acquisitions of 1,500 shares at $35.92 and 4,868 shares at $51.39, and dispositions of 707 and 3,755 shares at $76.23, all dated 08/22/2025.

Did the filing show option exercises or changes for the reporting person?

Yes. Table II lists employee stock option activity tied to the 1,500 and 4,868 share transactions and shows several outstanding option grants with specific exercise prices and expiration dates.

How many shares were acquired versus sold on the reported date?

The filing shows total acquisitions of 6,368 shares and total dispositions of 4,462 shares on 08/22/2025.

Does the Form 4 explain why the reporting person bought or sold shares?

No. The only explanation provided is that additional dividend equivalent rights were acquired since the last report; no reason for the specific buy or sell transactions is stated.

What is the reporting person’s relationship to Republic Bancorp Inc.?

The form identifies William R. Nelson as a Director and an Officer with the title listed as PRESIDENT, RPG.