[144] Stock Yards Bancorp, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Stock Yards Bancorp, Inc. (SYBT): An insider filed to sell 2,162 common shares through Raymond James with an approximate aggregate market value of $180,521, planned for 08/27/2025 on NASDAQ. The shares represent a small fraction of the company's outstanding common stock of 29,473,300 shares. The shares were acquired via stock appreciation rights (SARs) on 02/08/2007 (1,335 shares) and 02/12/2012 (827 shares) and were to be settled by cashless exercise. The filer reports no sales in the past three months and includes the required representation that they are unaware of undisclosed material adverse information.

Positive

• Complete disclosure of acquisition details: acquisition dates (02/08/2007 and 02/12/2012), SAR origin, and amounts (1,335 and 827 shares).
• Broker and execution details provided: Raymond James listed with address and intended NASDAQ execution date (08/27/2025).
• No recent sales: filer reports no securities sold in the past three months, reducing concerns about short-term unloading.

Negative

• Insider liquidity action: Proposed sale of 2,162 shares may be viewed by some investors as management monetizing holdings, though immaterial in size.
• Cashless exercise: Settlement via cashless exercise can dilute available shares depending on mechanics, though not quantified in this filing.

Insights

Securities Analyst

TL;DR: Small insider sale from long-held SARs; limited immediate market impact given size relative to outstanding shares.

The filing documents a proposed sale of 2,162 shares worth about $180,521 executed through Raymond James on 08/27/2025. The shares derive from SAR exercises in 2007 and 2012 and will be settled via cashless exercise, indicating the insider is monetizing long-held compensation rather than receiving new stock. Representations state no undisclosed material information and no sales in the prior three months. Relative to 29.47 million shares outstanding, this is immaterial in percentage terms and unlikely to move market pricing, but it is a disclosure of insider liquidity action that some investors monitor for signal context.

Corporate Governance Expert

TL;DR: Routine Rule 144 disclosure of insider sale; compliance elements appear present with broker and acquisition details.

The Form 144 includes the broker name and address, dates and nature of acquisition (SAR), amounts acquired, and the intended sale date and exchange. It also includes the filer’s attestation regarding material information and indicates no aggregated sales in the prior three months. From a governance perspective, the notice meets standard Rule 144 disclosure requirements and documents a cashless exercise settlement, which is a common method to satisfy tax and payment obligations on awards.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Raymond James & Associates 880 Carillon Parkway St. Petersburg FL 33716	2162	180521.00	29473300	08/27/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/08/2007	SAR	Issuer			1335	02/08/2007	Cashless Exercise
Common	02/12/2012	SAR	Issuer			827	02/12/2012	Cashless Exercise

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Stock Yards Bancorp (SYBT) Form 144 disclose?

The filing discloses a proposed sale of 2,162 common shares valued at approximately $180,521, to occur on 08/27/2025 on NASDAQ, executed through Raymond James.

How were the shares being sold by the SYBT filer acquired?

The shares were acquired via Stock Appreciation Rights (SARs) on 02/08/2007 (1,335 shares) and 02/12/2012 (827 shares), settled by cashless exercise.

How significant is this sale relative to SYBT’s outstanding shares?

The 2,162 shares are small relative to 29,473,300 shares outstanding, indicating limited percentage impact on total share count.

Did the filer sell other SYBT securities in the past three months?

No. The Form 144 reports "Nothing to Report" for securities sold during the past three months.

Which broker is handling the proposed sale in the Form 144?

Raymond James & Associates, 880 Carillon Parkway, St. Petersburg, FL 33716, is listed as the broker.