Bancorp (TBBK): Officer reduces stake to 86,464 shares after multi-sale

Rhea-AI Filing Summary

Insider sale reported by Bancorp, Inc. (TBBK): Jeffrey A. Nager, EVP and Head of Commercial Lending, reported selling common stock in multiple open-market transactions on 08/12/2025. The filings state the sales occurred at prices ranging from $66.69 to $66.8773.

The report shows 11,810 shares were disposed and that Mr. Nager's beneficial ownership following the reported transactions is 86,464 shares. No derivative transactions are listed in Table II. The filing provides transaction prices and the resulting share count but does not include explanation for the sales.

Insights

Securities Analyst

TL;DR: Routine officer open-market sales disclosed; transaction size and prices are explicit, with modest remaining ownership.

The Form 4 documents multiple disposals of common stock by an executive officer at prices between $66.69 and $66.8773, totaling 11,810 shares sold and leaving 86,464 shares beneficially owned. This is a straightforward disclosure of insider selling activity; the form lists no derivative activity. From an investor-information perspective, the filing improves transparency about executive holdings and realized prices but contains no operational or financial updates about the issuer.

Corporate Governance Expert

TL;DR: Officer sale properly reported; the disclosure allows stakeholders to track executive ownership changes.

The reporting officer is identified as Jeffrey A. Nager, EVP Head of Commercial Lending, and the Form 4 records an 08/12/2025 sale in multiple transactions. The filing specifies the number of shares disposed (11,810) and post-transaction beneficial ownership (86,464), which are key governance metrics for assessing insider alignment. The document does not indicate any related derivatives or special arrangements; no governance red flags are evident solely from this disclosure.

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
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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^*

Nager Jeffrey A

(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 Commercial Lending

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		S		11,810	D	$66.791(1)	86,464	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:

1. The Reporting Person sold, in multiple transactions, common shares at prices ranging from $66.69 to $66.8773.

	/s/ Martin Egan, as attorney-in-fact	08/13/2025
	** 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 Jeffrey A. Nager report on Form 4 for TBBK?

The Form 4 reports that Jeffrey A. Nager sold common stock in multiple transactions on 08/12/2025, disposing 11,810 shares at prices ranging from $66.69 to $66.8773 and holding 86,464 shares after the sales.

What is Jeffrey A. Nager's role at Bancorp, Inc. (TBBK)?

The filing identifies him as an Officer with the title EVP Head of Commercial Lending.

Did the Form 4 report any derivative transactions for TBBK by this reporting person?

No. Table II in the filing contains no derivative securities entries; only non-derivative common stock sales are reported.

What prices were the shares sold at according to the filing?

The disclosure states the sales occurred at prices ranging from $66.69 to $66.8773.

Does the filing explain why the shares were sold or mention a 10b5-1 plan?

The Form 4 provides no explanation for the sales and does not specify that the transactions were made pursuant to a documented 10b5-1 plan.