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

Rhea-AI Filing Summary

Stephen M. Priebe, a director of Stock Yards Bancorp, Inc. (SYBT), reported a purchase of 127 shares of common stock on 09/18/2025 at a reported price of $76.54 per share. The filing shows 32,336 shares beneficially owned following the reported transaction, held indirectly through a "Trust-Directors' Deferred Comp Plan." The form also records a reported disposition of 4,885 common shares in the filing.

Positive

• Director purchase reported: 127 shares acquired at $76.54, demonstrating insider engagement.
• Clear disclosure of indirect ownership: 32,336 shares held via a Trust-Directors' Deferred Comp Plan.

Negative

• Reported disposition: 4,885 common shares are noted as disposed, with no additional context provided in this filing.
• Limited context: The Form 4 does not explain the reason or timing for the 4,885-share disposition beyond its listing.

Insights

Corporate Governance Expert

TL;DR: Director purchased a small number of shares and retains indirect holdings through a deferred comp trust.

The filing documents routine insider activity: a director-level purchase of 127 shares at $76.54 and an indirect beneficial holding of 32,336 shares via a directors' deferred compensation plan. The reported disposition of 4,885 shares is noted but the form does not provide dates or context for that disposition beyond inclusion in Table I. This disclosure is standard for Section 16 reporting and appears procedural rather than company-changing.

Securities Analyst

TL;DR: The transactions are modest in size and unlikely to be material to shareholders or market price.

From a market-impact perspective, a 127-share purchase at $76.54 is immaterial relative to typical public company free float. The filing confirms indirect ownership through a directors' deferred compensation vehicle totaling 32,336 shares, which is useful for understanding insider alignment. The record of a 4,885-share disposition is included but lacks further detail in this filing.

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

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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).

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^*

Priebe Stephen M

(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)
09/18/2025

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	09/18/2025		A		127	A	$76.54	32,336	I	Trust-Directors' Deferred Comp Plan
Common Stock								4,885	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:

	/s/ Donna Cleek, Power of Attorney	09/22/2025
	** 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 did Stephen M. Priebe report on Form 4 for SYBT?

The filing reports an acquisition of 127 common shares at $76.54 on 09/18/2025, and shows 32,336 shares beneficially owned indirectly via a directors' deferred compensation trust; it also records a disposition of 4,885 shares.

How many shares does the reporting person beneficially own after the transaction?

The Form 4 shows 32,336 shares beneficially owned following the reported transaction, held indirectly through a trust.

What price was paid for the shares purchased by the director?

The reported purchase price for the 127 shares was $76.54 per share.

Does the Form 4 explain why 4,885 shares were disposed?

No. The filing records the disposition of 4,885 shares but does not provide explanation or additional timing details within this Form 4.

When was this Form 4 signed and filed?

The form includes a signature by power of attorney (/s/ Donna Cleek) dated 09/22/2025.