William H. Lamb (TBBK) transfers shares to family trusts in Form 4

Rhea-AI Filing Summary

William H. Lamb, a director of The Bancorp, Inc. (TBBK), reported changes in his holdings via a Form 4 showing transfers coded as gifts. The reported transactions, dated 08/08/2025, transfer shares into four trusts whose beneficiaries include the reporting person’s grandchildren and a trust for his daughter; the form states the reporting person disclaims beneficial ownership of those trust-held shares.

The filing shows a direct beneficial holding of 218,235 shares following the reported transactions and 10,500 shares reported as indirectly owned (with two additional trust entries of 5,000 shares each listed). The transactions are recorded at $0, consistent with gifts rather than cash sales.

Insights

Financial Analyst

TL;DR: Director transferred shares to family trusts; transactions are gifts, not sales, leaving large direct holdings intact.

The Form 4 discloses non‑cash transfers (coded "G") on 08/08/2025 that move shares into multiple trusts for family beneficiaries. The key numbers reported are a direct holding of 218,235 shares after the transactions and 10,500 shares recorded as indirect ownership, plus two trust entries of 5,000 shares each. From an investor perspective, these entries represent estate or family planning activity rather than monetization of holdings; there is no cash proceeds or option exercise in the filing. Material ownership concentration remains with the reporting person based on the reported direct share count.

Corporate Governance Expert

TL;DR: Gifts to trusts change legal ownership and trustee roles but the filer disclaims beneficial ownership of trust shares.

The explanatory notes clarify trustee relationships: the reporting person is trustee for some trusts and disclaims beneficial ownership of the trust shares, while a spouse and co‑trustee manage other trusts. This filing documents transfer of economic/legal title consistent with estate planning. For governance, the form does not indicate any change in director status or voting arrangements beyond what is stated; the filing contains explicit disclaimers of beneficial ownership for the trust holdings.

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^*

Lamb William H

(Last) (First) (Middle)

C/O THE BANCORP, INC.

409 SILVERSIDE ROAD, SUITE 105

(Street)

WILMINGTON DE 19809

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bancorp, Inc. [ TBBK ]

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)
08/08/2025

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	08/08/2025		G(1)		2,000	D	$0	218,235	D
Common Stock	08/08/2025		G(1)		2,000	A	$0	10,500	I	By Trusts(2)
Common Stock								5,000	I	By Trusts(3)
Common Stock								5,000	I	By Trusts(4)

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:

1. The Reporting Person gifted shares to four trusts, the beneficiaries of which are the Reporting Person's grandchildren.

2. The Reporting Person is the trustee for four trusts, the beneficiaries of which are the Reporting Person's grandchildren. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

3. The Reporting Person's spouse is the trustee for a trust, the beneficiary of which is the Reporting Person's daughter. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

4. The Reporting Person is a co-trustee for a trust, the beneficiary of which is the Reporting Person's daughter. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

	/s/ Martin F. Egan, as attorney-in-fact	08/12/2025
	** 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 William H. Lamb report in the TBBK Form 4?

He reported gifts of common stock to four trusts, with transactions coded "G" and explanatory notes stating beneficiaries are his grandchildren and a trust for his daughter.

How many shares does the Form 4 show William H. Lamb owns directly after the transactions?

The form shows 218,235 shares directly owned by the reporting person following the reported transactions.

Does the filing show any sales or cash proceeds from these transactions?

No. The transactions are recorded at $0, indicating they were gifts rather than sales or exercised options.

Who are the beneficiaries of the trusts mentioned in the Form 4?

The explanatory section states the beneficiaries are the reporting person’s grandchildren and a trust for his daughter.

Did William H. Lamb retain any indirect ownership through trusts?

The form reports 10,500 shares as indirectly owned and lists two additional trust holdings of 5,000 shares each, with disclaimers of beneficial ownership for some trust positions.

Who signed the Form 4 on behalf of the reporting person?

The document is signed on the filing as executed by Martin F. Egan, as attorney‑in‑fact for the reporting person.