Republic Bancorp (RBCAA) Director Reports 8,072.09 Shares After Purchase

Rhea-AI Filing Summary

Marshall Ernest W. Jr., a director of Republic Bancorp, Inc. (RBCAA), reported an open-market acquisition of Class A common stock on 09/30/2025. The Form 4 shows a purchase of 124.57 shares at $72.25 per share, bringing his reported beneficial ownership to 8,072.09 shares. The filing notes that the total includes 1.11 shares from the issuer's dividend reinvestment plan and additional dividend equivalent rights since his last report. The form was signed by an attorney-in-fact on 10/02/2025.

Positive

• Director acquisition reported: 124.57 shares purchased at $72.25, signalling insider purchase activity
• Beneficial ownership clarified: total reported ownership of 8,072.09 shares, including dividend reinvestment and dividend equivalents
• Clear explanatory notes: filing specifies 1.11 shares from the dividend reinvestment plan and additional dividend equivalent rights

Negative

• None.

Insights

Securities Analyst

TL;DR: Director purchase of 124.57 shares at $72.25 increases beneficial ownership to 8,072.09 shares; routine insider buy.

This Form 4 reports a modest, straightforward non-derivative purchase by a director. The transaction size is small relative to most institutional positions and appears consistent with dividend reinvestment and routine purchases rather than a material strategic buy. The filing explicitly states inclusion of 1.11 shares from the dividend reinvestment plan and additional dividend equivalent rights, which clarifies the fractional share components. For investors, this is a routine insider disclosure rather than a material corporate event.

Corporate Governance Expert

TL;DR: Clean, timely disclosure by a director; no indications of policy breaches or unusual arrangements.

The Form 4 is properly completed showing the reporting person is a director and filing as an individual. The transaction code indicates an acquisition and the document includes customary explanatory notes about dividend reinvestment and dividend equivalent rights. The filing was executed by an attorney-in-fact and dated, meeting procedural requirements. There is no disclosure in this form of any derivative transactions, pledges, or unusual indirect ownership that would raise governance concerns.

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

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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).

1. Name and Address of Reporting Person^*

MARSHALL ERNEST W JR

(Last) (First) (Middle)

1000 EATON BLVD

(Street)

CLEVELAND OH 44122

(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)

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

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		124.57	A	$72.25	8,072.09(1)(2)	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

Explanation of Responses:

1. Includes 1.11 shares acquired under the Issuer's dividend reinvestment plan since the date of the Reporting Person's last ownership report.

2. 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 transaction did Marshall Ernest W. Jr. report on Form 4 for RBCAA?

The filing reports a purchase of 124.57 shares of Class A common stock on 09/30/2025 at a price of $72.25 per share.

How many RBCAA shares does the reporting director beneficially own after the transaction?

The Form 4 shows beneficial ownership of 8,072.09 shares following the reported transaction.

Does the Form 4 disclose why fractional shares are included in the ownership total?

Yes. The filing explains inclusion of 1.11 shares acquired under the issuer's dividend reinvestment plan and additional dividend equivalent rights since the last report.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Kevin Sipes, Attorney-in-Fact on 10/02/2025.

Does this Form 4 report any derivative transactions or dispositions?

No. Table II (derivative securities) contains no reported transactions; Table I reports a non-derivative acquisition only.