Bancorp (TBBK) Insider Sale: Garry Gregor Reduces Holdings to 110,107

Rhea-AI Filing Summary

Garry Gregor J, EVP and COO of Bancorp, Inc. (TBBK), reported sales of company common stock in early September 2025. The Form 4 discloses a sale of 468 shares on 09/05/2025 at $78 and a sale of 12,532 shares on 09/08/2025 at prices ranging from $75.13 to $75.30 (reported price $75.1398). After these transactions the filing shows 110,107 shares beneficially owned directly. The report also lists 4,456 shares held indirectly in a 401(k) plan account.

The document was signed by an attorney-in-fact, Martin Egan, on 09/08/2025. The form identifies the reporting person as EVP and COO and provides the issuer as Bancorp, Inc. (TBBK). The filing contains only the specified insider sales and the resulting share counts; no options or derivative transactions are reported.

Positive

• Transactions are explicitly disclosed with dates, quantities, and prices
• Form separates direct and indirect ownership, including 401(k) holdings
• Signature block shows a dated attestation by an attorney-in-fact

Negative

• Insider sold a material number of shares (12,532) on 09/08/2025, reducing direct holdings from 122,639 to 110,107
• Sale prices ranged below $78, with the larger sale at approximately $75.14, which may be notable to investors tracking insider activity

Insights

Securities/Financial Analyst

TL;DR: Insider sold 13,000+ shares in two transactions, reducing direct holdings to 110,107 shares.

The Form 4 reports two non-derivative sales totaling 13,000 shares (468 shares on 09/05/2025 at $78 and 12,532 shares on 09/08/2025 at ~$75.14). The filing also discloses 4,456 indirect shares via a 401(k). From an analytical perspective, the disclosure is straightforward and quantifies the change in beneficial ownership precisely. There are no derivative transactions or acquisitions disclosed to offset the reductions. For investor modelling, the direct share count post-transactions (110,107) is the relevant figure for insider ownership calculations.

Corporate Governance Expert

TL;DR: Form 4 properly records insider sales and indicates signing by an attorney-in-fact.

The filing identifies the reporting persons role as EVP and COO and shows an attorney-in-fact signature dated 09/08/2025. The disclosure lists precise transaction dates, quantities, and price ranges, and separates direct and indirect holdings (direct post-sale: 110,107; indirect: 4,456 via 401(k)). There is no indication in the document of applicable trading plans or Rule 10b5-1 text; the form does not attach or reference any such plan. As presented, the Form 4 contains the necessary facts for governance review of insider trading activity.

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^*

Garry Gregor J

(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 and COO

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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	09/05/2025		S		468	D	$78	122,639	D
Common Stock	09/08/2025		S		12,532	D	$75.1398(1)	110,107	D
Common Stock								4,456	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 $75.13 to $75.30.

	/s/ Martin Egan, attorney-in-fact	09/08/2025
	** 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 transactions did Garry Gregor J report on the TBBK Form 4?

He reported two sales: 468 shares sold on 09/05/2025 at $78 and 12,532 shares sold on 09/08/2025 at prices ranging $75.13$75.30 (reported $75.1398).

How many TBBK shares does Garry Gregor J beneficially own after the reported transactions?

Directly beneficially owned: 110,107 shares; Indirectly owned: 4,456 shares by a 401(k) plan account.

What role does the reporting person hold at Bancorp, Inc. (TBBK)?

The form lists the reporting person as EVP and COO of Bancorp, Inc.

When was the Form 4 signed and by whom?

The filing is signed by Martin Egan, attorney-in-fact, on 09/08/2025.

Are there any derivative securities reported on this Form 4 for TBBK?

No derivatives are reported; Table II shows no derivative transactions or holdings.