[Form 4] REPUBLIC BANCORP INC /KY/ Insider Trading Activity

Rhea-AI Filing Summary

Cheryl VanAllen, EVP & Chief People Officer of Republic Bancorp, reported an open-market acquisition and outstanding option holdings. On 09/30/2025 she acquired 63.88 shares of Class A common stock at $72.25, bringing her reported beneficial ownership to 1,724.28 shares (direct). The filing also shows an employee stock option covering 1,622 Class A shares with an exercise price of $68.02, exercisable 01/01/2028 and expiring 01/01/2031. The form is signed by an attorney-in-fact on 10/02/2025. An explanatory note states the increased post-transaction ownership reflects additional dividend equivalent rights acquired since the last report.

Positive

• Insider acquisition disclosed: EVP acquired 63.88 shares at $72.25, increasing direct beneficial ownership to 1,724.28 shares
• Clear option disclosure: Employee stock option for 1,622 shares with exercise price $68.02, exercisable 01/01/2028 and expiring 01/01/2031
• Compliance: Form 4 filed with signature by an attorney-in-fact on 10/02/2025 and explanatory note regarding dividend equivalents

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchased shares and holds exercisable options, modestly increasing direct ownership, indicating routine compensation and limited incremental stake.

The reported open-market acquisition of 63.88 shares at $72.25 is small relative to typical company outstanding shares and likely reflects dividend-equivalent share accruals or routine purchasing rather than a material change in control or stake. The 1,622-share employee stock option at a $68.02 exercise price exercisable in 2028 represents standard long-term incentive compensation with multi-year vesting and a 2031 expiration. From a financial perspective, these disclosures are routine insider activity and do not, by themselves, imply a material shift in ownership or strategy.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 reporting; transactions appear consistent with compensation and dividend-equivalent mechanics.

The Form 4 properly discloses a direct purchase of 63.88 Class A shares and existing employee option holdings of 1,622 shares with explicit exercise and expiration dates. The filing includes the required explanation that additional dividend-equivalent rights increased reported ownership since the last filing. Documentation appears complete for Section 16 compliance, with signature by an attorney-in-fact on 10/02/2025. No governance red flags such as undisclosed transfers or unusual derivative structures are evident in the text provided.

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).

1. Name and Address of Reporting Person^*

VanAllen Cheryl

(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 PEOPLE OFFICER

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		63.88	A	$72.25	1,724.28(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
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. 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 Cheryl VanAllen report on Form 4 for RBCAA?

The filing reports an acquisition of 63.88 Class A shares at $72.25 on 09/30/2025 and ownership of an employee option for 1,622 shares exercisable 01/01/2028.

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

The Form 4 reports beneficial ownership of 1,724.28 Class A shares following the reported transaction, reflecting additional dividend-equivalent rights.

What are the terms of the disclosed stock option?

The option covers 1,622 Class A shares with an exercise price of $68.02, exercisable on 01/01/2028 and expiring on 01/01/2031.

When were the transactions and when was the Form 4 signed?

The transaction date is 09/30/2025 and the Form 4 was signed by an attorney-in-fact on 10/02/2025.

Why does the filing show a fractional share total (1,724.28)?

The filing notes that the increased post-transaction ownership reflects additional dividend equivalent rights acquired since the last ownership report.