[144] The Bancorp Inc. SEC Filing

Rhea-AI Filing Summary

Form 4 snapshot: On 07/31/2025, Kyndryl Holdings (KD) director Janina Kugel received 6,296 restricted stock units (RSUs) of common stock at a reference price of $38.12. Following the award, her direct beneficial ownership increases to 48,310 shares.

The RSUs will vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the 2026 Annual Meeting of Stockholders, provided that meeting occurs at least 50 weeks after the 2025 meeting. No derivative securities were reported.

This appears to be a routine, board-level equity compensation grant, signalling continuing alignment between the director and shareholders rather than indicating any directional view on KD’s near-term share performance.

Positive

• Director ownership rises to 48,310 shares, modestly improving alignment with shareholder interests

Negative

• None.

Insights

Corporate Governance Specialist

TL;DR: Routine RSU grant; modestly positive alignment, immaterial to valuation.

The filing documents a standard annual equity award to outside director Janina Kugel. Increasing her stake to 48,310 shares marginally strengthens board-shareholder alignment but does not alter KD’s fundamentals or capital structure. No open-market purchase or sale occurred, so liquidity and market perception impacts are limited. Investors typically view such grants as neutral to slightly positive signals of continued director engagement rather than an active bet on price direction. Overall impact on KD’s valuation or risk profile is negligible.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	50000	3017410.00	46709747	08/01/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/17/2023	Restricted stock vesting under a registered plan	Issuer			10525	02/17/2023	Compensation
Common	02/09/2025	Restricted stock vesting under a registered plan	Issuer			17655	02/09/2025	Compensation
Common	02/09/2024	Restricted stock vesting under a registered plan	Issuer			18169	02/09/2024	Compensation
Common	02/09/2023	Restricted stock vesting under a registered plan	Issuer			3651	02/09/2023	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What insider transaction did Kyndryl (KD) report?

Director Janina Kugel was granted 6,296 RSUs on 07/31/2025.

At what price were the RSUs recorded?

The grant references a price of $38.12 per share.

How many KD shares does the director now own?

After the grant, Kugel beneficially owns 48,310 common shares directly.

When will the RSUs vest?

They vest on the earlier of the grant’s first anniversary or the 2026 Annual Meeting, subject to timing conditions.