[Form 4] The Bancorp Inc. Insider Trading Activity

Rhea-AI Filing Summary

Harris Ryan, EVP Head of Fintech Solutions at Bancorp, Inc. (TBBK), reported a sale of common stock. The filing shows an insider sale of 9,841 shares executed at prices ranging from $76.37 to $76.41. After the sale, the reporting person is shown as beneficially owning 129,598 shares directly and 2,483 shares indirectly through a 401(k) plan account. The transaction is coded as a standard sale transaction, and no derivative instruments are reported. The disclosure documents a routine reduction in the reporting person’s direct holdings while leaving a substantial residual stake and an indirect retirement-plan position.

Positive

• Substantial retained ownership: Reporting person continues to hold 129,598 shares directly, indicating ongoing alignment with shareholders.
• Indirect retirement-plan holding: 2,483 shares are held via a 401(k) account, suggesting long-term interest.

Negative

• Insider sale recorded: The reporting person sold 9,841 shares, which represents a reduction in direct holdings.
• Sale proceeds realized: Shares sold at prices between $76.37 and $76.41, indicating insider liquidity event.

Insights

Securities Analyst

TL;DR: Insider sale of 9,841 shares at ~$76.37–$76.41; substantial remaining direct ownership of 129,598 shares.

The sale reduces direct holdings modestly relative to the remaining stake, indicating a partial liquidation rather than an exit. Transaction code "S" denotes an open-market or similar sale; prices reported are within a narrow band, suggesting they were executed in a short window. No options, warrants, or derivative activity accompanies this Form 4, so this filing reflects straightforward share disposition. For investors, the filing documents insider liquidity but not a material change to control or ownership concentration.

Corporate Governance Expert

TL;DR: Officer-level insider completed a small sale while retaining a meaningful equity stake and an indirect 401(k) position.

From a governance perspective, the reporting person remains a significant shareholder with both direct and indirect holdings, which aligns with continued alignment to shareholder interests. The transaction appears routine and is properly reported. The presence of an indirect 401(k) holding signals ongoing long-term alignment through retirement-plan ownership. The filing contains no indications of accelerated or unusual disposal patterns that would raise governance concerns.

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^*

Harris Ryan

(Last) (First) (Middle)

C/O 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Head of Fintech Solutions

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

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	09/10/2025		S		9,841	D	$76.37(1)	129,598	D
Common Stock								2,483	I	By 401(k) plan account

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. Shares were sold at prices ranging from $76.37 to $76.41.

	/s/ Martin F. Egan, as attorney-in-fact	09/11/2025
	** 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 the TBBK Form 4 filed by Harris Ryan report?

The Form 4 reports a sale of 9,841 common shares at prices ranging from $76.37 to $76.41 and shows 129,598 shares owned directly plus 2,483 shares indirectly via a 401(k).

Does the filing show any option or derivative transactions for TBBK?

No. Table II for derivative securities shows no derivative transactions reported; only a non-derivative sale appears in Table I.

What type of transaction code was used on the Form 4 for TBBK?

The transaction is coded as "S", indicating a sale of the reporting person’s common stock.

How much ownership does Harris Ryan retain in Bancorp, Inc. after the sale?

After the reported sale, the filing shows 129,598 shares beneficially owned directly and 2,483 shares held indirectly in a 401(k) account.

Is the insider sale material to Bancorp, Inc.’s control structure?

Based on the filing, the sale appears routine and not material to control since the reporting person retains a substantial equity stake and no other ownership changes are listed.