Republic Bancorp (RBCAA) EVP exercises options; net share holdings rise

Rhea-AI Filing Summary

Republic Bancorp Inc. executive vice president and chief mortgage banking officer Juan Montano reported an options exercise and related share movements. He exercised employee stock options for 2,688 shares of Class A common stock at an exercise price of $42.7400 per share, increasing his direct holdings.

To cover tax obligations tied to this compensation event, 1,951 shares of Class A common stock were disposed of at $68.5200 per share through share withholding, leaving Montano with 13,421.327 Class A shares held directly after the transactions. He also holds 4,608.986 Class A shares indirectly through a 401(k) plan, with footnotes noting both corrections to prior dividend equivalent unit reporting and changes in 401(k) plan value.

Following the exercise, Montano retains unexercised employee stock options over 2,242 underlying Class A shares at an exercise price of $49.2500 expiring on January 1, 2030, and options over 1,622 underlying shares at $68.0200 expiring on January 1, 2031.

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

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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^*

Montano Juan

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CHIEF MTG BANKING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		M		2,688	A	$42.74	15,372.327(1)	D
Class A Common Stock	03/13/2026		F		1,951	D	$68.52	13,421.327	D
Class A Common Stock								4,608.986(2)	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	03/13/2026		M			2,688	12/31/2025	12/31/2026	Class A Common Stock	2,688	$0	0	D
Employee Stock Option (right to buy)	$49.25							01/01/2027	01/01/2030	Class A Common Stock	2,242		2,242	D
Employee Stock Option (right to buy)	$68.02							01/01/2028	01/01/2031	Class A Common Stock	1,622		1,622	D

Explanation of Responses:

1. Includes a correction of the number of dividend equivalent units reported on the Reporting Person's last ownership report.

2. Reflects additions to and change in value of 401(k) plan since the date of the Reporting Person's last ownership report.

	/s/ Kevin Sipes, Attorney-in-Fact	03/16/2026
	** 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).
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FAQ

What did RBCAA executive Juan Montano report in this Form 4 filing?

Juan Montano reported exercising employee stock options for 2,688 Class A shares at $42.7400 per share. The filing also shows tax-related share withholding and updated totals for his direct and 401(k) plan holdings of Republic Bancorp Class A common stock.

How many Republic Bancorp (RBCAA) shares does Juan Montano own after the transactions?

After the reported transactions, Juan Montano holds 13,421.327 Class A common shares directly. He also holds 4,608.986 Class A shares indirectly through a 401(k) plan, reflecting additions and value changes since his prior ownership report according to the footnote disclosure.

What stock options did Juan Montano exercise in the RBCAA Form 4?

He exercised employee stock options covering 2,688 underlying Class A common shares at an exercise price of $42.7400 per share. This derivative exercise converted option rights into directly owned shares as part of his compensation, with related tax obligations settled in shares.

Why were 1,951 RBCAA shares disposed of in Juan Montano’s Form 4?

The 1,951 Class A shares were disposed of at $68.5200 per share to satisfy tax liabilities associated with the option exercise. The Form 4 codes this as a tax-withholding disposition, meaning the shares were withheld rather than sold in an open-market transaction.

What unexercised stock options does Juan Montano still hold in RBCAA?

He retains employee stock options over 2,242 underlying Class A shares at a $49.2500 exercise price expiring January 1, 2030. He also holds options over 1,622 underlying shares at a $68.0200 exercise price expiring January 1, 2031, all shown as directly owned derivative positions.

How did the RBCAA Form 4 footnotes affect Juan Montano’s reported holdings?

One footnote states the report includes a correction to previously reported dividend equivalent units. Another explains that the 401(k) plan figure reflects additions and changes in value since his last report, clarifying how the indirect holdings balance was updated in this filing.