[Form 4] Stock Yards Bancorp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. (SYBT) director filed a Form 4 reporting a small purchase of company stock. On 11/19/2025, the reporting person acquired 69 shares of common stock at a price of $64.97 per share, held indirectly through a Trust under a Director Deferred Compensation Plan, bringing indirect beneficial ownership to 4,812 common shares.

The filing also reports a previously granted stock appreciation right covering 1,000 shares of common stock with a conversion or exercise price of $47.17, which became exercisable on 07/20/2022 and expires on 07/20/2031. These derivative securities are beneficially owned directly.

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^*

Saunier Edwin S

(Last) (First) (Middle)

PO BOX 32890

(Street)

LOUISVILLE KY 40232

(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)
11/19/2025

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								6,156	D
Common Stock	11/19/2025		A		69	A	$64.97	4,812	I	Trust - Director 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	$47.17							07/20/2022	07/20/2031	Common Stock	1,000		1,000	D

Explanation of Responses:

	/s/ Vycki Seigle, by Power of Attorney	11/20/2025
	** 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 insider transaction did Stock Yards Bancorp (SYBT) report on this Form 4?

The Form 4 reports that a director of Stock Yards Bancorp (SYBT) acquired 69 shares of common stock on 11/19/2025 at a price of $64.97 per share.

How many Stock Yards Bancorp (SYBT) shares does the reporting person now beneficially own?

Following the reported transaction, the director beneficially owns 4,812 shares of SYBT common stock indirectly through a Trust under a Director Deferred Compensation Plan.

Was the Stock Yards Bancorp (SYBT) Form 4 transaction direct or indirect ownership?

The 69 shares of common stock acquired on 11/19/2025 are held indirectly through a Trust associated with a Director Deferred Compensation Plan.

What derivative securities are reported for the Stock Yards Bancorp (SYBT) director?

The director holds a stock appreciation right with a conversion or exercise price of $47.17, covering 1,000 shares of common stock, beneficially owned directly.

When do the Stock Yards Bancorp (SYBT) stock appreciation rights become exercisable and when do they expire?

The stock appreciation right became exercisable on 07/20/2022 and has an expiration date of 07/20/2031, referencing 1,000 shares of SYBT common stock.

What is the reporting person’s relationship to Stock Yards Bancorp (SYBT)?

The reporting person is identified as a Director of Stock Yards Bancorp, Inc. (SYBT), filing the Form 4 as a single reporting person.