Stock Yards Bancorp insider purchase and 1,000 SAR grant disclosed

Rhea-AI Filing Summary

Stock Yards Bancorp (SYBT) reported an insider transaction by a director. On 11/06/2025, the director purchased 2,000 shares of common stock at $66.53, with 2,000 shares shown as beneficially owned directly after the transaction.

The filing also lists a stock appreciation right granted on 10/21/2025 covering 1,000 underlying shares at a $67.85 exercise price, first exercisable on 10/21/2026 and expiring on 10/21/2035.

Insider Trade Summary

Net Buyer: 2,000 shares ($133,060)

Net Buy 3 txns

Insider Hardy David L.

Role Director

Bought 2,000 shs ($133K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	2,000	$66.53	$133K
holding	Common Stock	--	--	--
Grant/Award	Stock Appreciation Right	1,000	$0.00	--

Holdings After Transaction: Common Stock — 2,000 shares (Direct); Common Stock — 83 shares (Indirect, Trust Directors Deferred Comp Plan); Stock Appreciation Right — 1,000 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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)
11/06/2025

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								83	I	Trust Directors Deferred Comp Plan
Common Stock	11/06/2025		P		2,000	A	$66.53	2,000	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
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	11/06/2025
	** 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 was reported for SYBT?

A director purchased 2,000 shares of Stock Yards Bancorp common stock on 11/06/2025 at $66.53 per share.

How many SYBT shares did the insider own after the transaction?

The filing shows 2,000 shares beneficially owned directly following the reported transaction.

Did the filing disclose any derivative awards?

Yes. A stock appreciation right granted on 10/21/2025 covering 1,000 shares at a $67.85 exercise price was reported.

When can the reported SAR be exercised and when does it expire?

It is first exercisable on 10/21/2026 and expires on 10/21/2035.

What SEC form was filed for the SYBT insider activity?

A Form 4 was filed, which reports changes in beneficial ownership by company insiders.

What is the insider’s relationship to Stock Yards Bancorp?

The reporting person is listed as a Director of Stock Yards Bancorp.