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

Rhea-AI Filing Summary

Form 4 filing overview – Republic Bancorp Inc. (RBCAA)

On 06/30/2025, William R. Nelson, President of Republic Processing Group (an operating unit of Republic Bancorp), acquired 92.06 Class A common shares at $73.11 per share. The transaction was coded “A” (acquisition) and appears to stem from additional dividend-equivalent rights rather than an open-market purchase. Following the transaction, the executive’s direct holdings rise to 30,039.17 shares.

The filing also reiterates Mr. Nelson’s outstanding employee stock options, which remain unchanged: 1,500 options exercisable at $35.92 (exp. 03/09/2026) and four additional grants totaling 17,972 options with strike prices between $42.74 and $68.02 expiring 2025-2031. No derivative securities were exercised or disposed of in this report.

• The reported cash value of the share acquisition is approximately $6.7 thousand, modest relative to both Mr. Nelson’s existing position and RBCAA’s market capitalization.
• The filing does not disclose any changes to compensation plans, earnings guidance, or corporate strategy.

Overall, the activity reflects routine accumulation through dividend equivalents rather than a signal of significant strategic intent. Investors typically view insider purchases positively, but the limited size suggests a low market impact.

Positive

• Insider purchase: Executive acquired additional shares, typically viewed as a confidence signal.
• Alignment maintained: Total direct ownership exceeds 30,000 shares, indicating continued skin in the game.

Negative

• Immaterial size: Only 92.06 shares (~$6.7k), unlikely to influence market perception.
• No strategic disclosure: Filing contains no information on operational or financial performance.

Insights

Financial Analyst

TL;DR: Small dividend-equivalent share accrual; marginally positive but immaterial.

The 92-share addition increases Nelson’s direct stake by roughly 0.3%, costing about $6.7k. Such routine dividend-equivalent adjustments are common in option plans and rarely influence valuation. The unchanged option inventory indicates no shift in long-term compensation alignment. Because RBCAA already has 18 million shares outstanding, the transaction’s dilution and sentiment effects are negligible.

Corporate Governance Specialist

TL;DR: Insider adds shares, reinforcing alignment, but scope too small for impact.

Insider acquisitions, even minor, signal ongoing alignment with shareholders. However, the sub-$10k purchase size—originating from plan-based dividend rights—suggests formality rather than conviction buying. No red flags emerge: reporting is timely, and ownership remains entirely direct. Governance takeaway: neutral.

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^*

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)
06/30/2025

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	06/30/2025		A		92.06	A	$73.11	30,039.17(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)	$35.92							03/10/2025	03/09/2026	Class A Common Stock	1,500		1,500	D
Employee Stock Option (right to buy)	$51.39							12/31/2024	12/31/2025	Class A Common Stock	4,868		4,868	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	07/02/2025
	** 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

How many RBCAA shares did William R. Nelson buy on 06/30/2025?

He acquired 92.06 Class A common shares.

At what price were the RBCAA shares acquired?

The shares were credited at $73.11 per share.

What is William R. Nelson’s total direct ownership after the transaction?

His direct holdings stand at 30,039.17 RBCAA shares.

Did the executive exercise any stock options in this Form 4?

No. All listed option grants remain unexercised and unchanged.

What was the transaction code in the Form 4 filing?

The transaction was reported with code “A” (acquisition).

Does this filing indicate any change to Republic Bancorp’s strategy or earnings outlook?

No. The filing is limited to ownership changes and contains no operational guidance.