AI assistant
Customers Bancorp, Inc. — Director's Dealing 2023
Nov 1, 2023
31595_dirs_2023-11-01_36d0ba12-1063-4ead-bfb6-11727d647827.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Customers Bancorp, Inc. (CUBI)
CIK: 0001488813
Period of Report: 2023-10-31
Reporting Person: SIDHU JAY S (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-10-31 | Common Stock | M | 100000.00 | $15.23 | Acquired | 1378124.00 | Direct |
| 2023-10-31 | Common Stock | S | 100000.00 | $39.4163 | Disposed | 1278124.00 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-10-31 | Employee Stock Option (Right to buy) | $15.23 | M | 100000.00 | Disposed | 2023-10-31 | Common Stock (100000.00) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 179140.00 | Indirect |
| Common Stock | 167290.00 | Indirect |
| Common Stock | 167290.00 | Indirect |
Footnotes
F1: Includes 109,378 Restricted Stock Units.
F2: Includes 9,241 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
F3: This transaction was executed in multiple trades at prices ranging from $38.64 to $40.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transition was affected.
F4: Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust.
F5: Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1
F6: Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.