SYBT director reports share purchase and stock appreciation right

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. (SYBT) director filed a Form 4 reporting a recent share transaction. On 11/19/2025, the reporting person acquired 124 shares of common stock at a price of $64.97 per share. Following this transaction, the director beneficially owns 82,940 shares of common stock directly and 8,575 shares indirectly through a Trust Director Deferred Comp Plan.

The filing also lists a stock appreciation right with an exercise price of $38.85, covering 1,000 shares of common stock, which became exercisable on 08/28/2019 and expires on 08/28/2028. This reflects the director’s existing equity-linked compensation position in addition to directly held shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Schutte John

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	124	$64.97	$8K
holding	Stock Appreciation Right	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 8,575 shares (Indirect, Trust Director Deferred Comp Plan); Stock Appreciation Right — 1,000 shares (Direct); Common Stock — 82,940 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^*

Schutte John

(Last) (First) (Middle)

PO BOX 32890

(Street)

LOUISVILLE KY 40232-2890

(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								82,940	D
Common Stock	11/19/2025		A		124	A	$64.97	8,575	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	$38.85							08/28/2019	08/28/2028	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 SYBT report on this Form 4?

The Form 4 reports that a director of Stock Yards Bancorp, Inc. (SYBT) acquired 124 shares of common stock on 11/19/2025 at a price of $64.97 per share.

How many SYBT shares does the director own after this transaction?

After the reported transaction, the director beneficially owns 82,940 shares of SYBT common stock directly and 8,575 shares indirectly through a Trust Director Deferred Comp Plan.

What derivative securities are reported for the SYBT director?

The filing lists a stock appreciation right with an exercise price of $38.85, covering 1,000 shares of SYBT common stock, exercisable from 08/28/2019 and expiring on 08/28/2028.

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

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

Is this SYBT Form 4 filed by one or multiple reporting persons?

The form indicates it is filed by one reporting person, not by more than one reporting person.

Does the SYBT Form 4 mention indirect ownership?

Yes. In addition to direct holdings, the director reports indirect beneficial ownership of 8,575 shares of SYBT common stock through a Trust Director Deferred Comp Plan.