Form 4: Republic Bancorp Director Reports Stock Transactions

Republic Bancorp Director Andrew Trager Kusman reported transactions involving Class A and Class B common stock, including acquisitions through family limited partnerships.

Summary

• Andrew Trager Kusman, a Director at Republic Bancorp Inc. /KY/ (RBCAA), filed a Form 4 detailing stock transactions on May 8, 2026.
• The transactions involved the acquisition of Class A Common Stock and Class B Common Stock.
• Kusman acquired 1,907.462 shares of Class A Common Stock directly.
• Additional Class A Common Stock was acquired indirectly through Jaytee Properties Limited Partnership (9,655.987 shares) and Teebank Family Limited Partnership (83,817.781 shares).
• Class B Common Stock was also acquired indirectly through Jaytee Properties Limited Partnership (2,163.598 shares) and Teebank Family Limited Partnership (20,515.51 shares).
• These acquisitions were automatic distributions from a trust for the benefit of the Reporting Person.
• Class B Common Stock is convertible into Class A Common Stock on a one-to-one basis.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports routine insider transactions without providing new financial or strategic information about the company.

Positives

• Director Andrew Trager Kusman increased his beneficial ownership of Republic Bancorp stock.
• Acquisitions were made through family limited partnerships, indicating continued investment in the company's structure.
• The acquisition of Class B Common Stock, convertible to Class A, provides flexibility.

Negatives

• The filing does not provide specific financial performance data or strategic updates, making it difficult to assess the broader implications of these transactions.
• The nature of the transactions as automatic distributions from a trust may suggest a passive acquisition rather than an active investment decision.

Risks

• The filing does not explicitly mention any risks.
• Indirect beneficial ownership through limited partnerships introduces a layer of complexity in understanding direct control and pecuniary interest.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Management Comments

• The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein (related to Teebank Family Limited Partnership).
• The acquisition of Class B Common Stock is immediately convertible into Class A Common Stock on a one share for one share basis.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and do not inherently reflect company performance. The transactions reported by Republic Bancorp's director are typical for individuals managing their investment portfolios through various entities.

Related Party Transactions

• The filing details indirect beneficial ownership of Republic Bancorp stock through Jaytee Properties Limited Partnership and Teebank Family Limited Partnership, where Andrew Trager Kusman has a role as Limited Partner or co-trustee.

Stakeholder Impact

• Shareholders: The filing provides transparency on director's stock holdings but does not offer insights into company performance that would directly impact share price.
• Management: The transactions reflect the director's personal investment strategy and compliance with disclosure regulations.

Next Steps

• No specific next steps are mentioned in the filing.

Key Dates

Keywords

Republic Bancorp, Form 4, Insider Trading, Stock Transaction, Beneficial Ownership, Director, Class A Common Stock, Class B Common Stock, Family Limited Partnership, SEC Filing