SYBT director buys 83 shares; receives 1,000 SARs at $67.85

Stock Yards Bancorp (SYBT) reported an insider transaction.

Rhea-AI Filing Summary

Stock Yards Bancorp (SYBT) reported an insider transaction. A director acquired 83 shares of common stock on 10/24/2025 at $67.91 per share, held indirectly through the Trust Directors Deferred Comp Plan. Separately, on 10/21/2025, the insider was awarded 1,000 Stock Appreciation Rights with an exercise price of $67.85, exercisable 10/21/2026 and expiring 10/21/2035, reflecting direct ownership of 1,000 derivative securities.

Insider Trade Summary

Grant/Award: 1,083 shares

Grant/Award 2 txns

Insider Hardy David L.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	83	$67.91	$6K
Grant/Award	Stock Appreciation Right	1,000	$0.00	$0.00

Holdings After Transaction: Stock Appreciation Right — 1,000 contracts (Direct); Common Stock — 83 shares (Indirect, Trust Directors Deferred Comp Plan)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did the SYBT insider report on Form 4?

A director acquired 83 shares at $67.91 on 10/24/2025 and received 1,000 Stock Appreciation Rights on 10/21/2025.

How were the 83 SYBT shares held?

The 83 shares are held indirectly through the Trust Directors Deferred Comp Plan.

What are the terms of the 1,000 SYBT Stock Appreciation Rights?

Exercise price $67.85; exercisable 10/21/2026; expires 10/21/2035; underlying 1,000 shares of common stock.

What ownership forms are indicated for the transactions?

The 83 shares are indirect ownership; the 1,000 SARs are direct ownership.

What is the reported price for the common stock purchase?

The common stock purchase price reported is $67.91 per share.

How many derivative securities are held after the SAR grant?

The insider beneficially owns 1,000 derivative securities following the reported transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/28/2025 - 11:09 AM EDT Learn about SEC filing dates

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^*

Hardy David L.

(Last) (First) (Middle)

1040 EAST MAIN STREET

(Street)

LOUISVILLE KY 40206

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Stock Yards Bancorp, Inc. [ SYBT ]

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)
10/24/2025

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
Common Stock	10/24/2025		A		83	A	$67.91	83	I	Trust Directors Deferred Comp 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
Stock Appreciation Right	$67.85	10/21/2025		A		1,000		10/21/2026	10/21/2035	Common Stock	1,000	$0	1,000	D

Explanation of Responses:

	/s/ Vycki Seigle, by Power of Attorney	10/28/2025
	** 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.