Form 4: Customers Bancorp Chairman Gifts Shares to Trusts

Customers Bancorp Chairman Jay S. Sidhu reported gifting common stock shares to family trusts and a spouse, effective December 31, 2025.

Summary

• Jay S. Sidhu, Chairman and Director of Customers Bancorp, Inc. (CUBI), reported changes in beneficial ownership of common stock.
• On December 31, 2025, Mr. Sidhu disposed of 1,552 shares of common stock indirectly held by his spouse via a gift (Transaction Code G) at a price of $73.4 per share.
• On the same date, he acquired 517 shares of common stock indirectly by Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2, via a gift (Transaction Code G) at $73.4 per share.
• Also on December 31, 2025, he acquired 1,035 shares of common stock indirectly by Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1, via a gift (Transaction Code G) at $73.4 per share.
• Following these transactions, Mr. Sidhu's beneficial ownership includes 3,701 shares indirectly by Spouse, 158,552 shares indirectly by Trust (1), 181,825 shares indirectly by Trust (2), 790,031 shares directly (including 78,146 Restricted Stock Units), and 213,560 shares indirectly by Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust (Trust 4).

Sentiment

Score: 5

Explanation: The filing reports routine insider gift transactions, which are generally neutral in sentiment as they do not reflect a change in the company's operational or financial performance.

Positives

• The transactions represent a routine insider reporting of gifts, which can be part of estate planning and do not reflect a sale for value.

Negatives

• No direct negative implications for the company's operational or financial performance are indicated by these gift transactions.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction report is specific to an individual's beneficial ownership changes and does not provide information relevant to broader industry trends or competitive landscape.

Related Party Transactions

• Gifts of common stock were made to family trusts (Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1 and No. 2, and Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust) and indirectly involved the reporting person's spouse.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are gift transactions and not sales for value, indicating no change in the company's fundamentals.
• Management: Reflects personal estate planning by a key executive and director.

Key Dates

Keywords

Customers Bancorp, CUBI, Jay S. Sidhu, Form 4, Insider Transaction, Stock Gift, Beneficial Ownership, Corporate Governance