TRAGER SCOTT 4

What Happened
Scott Trager, reported as a 10% owner of Republic Bancorp, purchased 147.613 shares on February 26, 2026 at $71.13 per share for a total reported cost of $10,500. The filing classifies the transaction as a purchase (code P) and indicates an open-market or private purchase.

Key Details

• Transaction date: 2026-02-26; Filing date (Form 4): 2026-03-02 (timely file).
• Price and amount: 147.613 shares at $71.13 each; aggregate reported amount $10,500.
• Transaction code: P = Purchase (open-market or private purchase per the filing).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes from the filing:
  • F1: Includes 124.142 shares acquired under the issuer’s dividend reinvestment plan since last ownership report.
  • F2: Reflects additions/change in 401(k) plan since last ownership report.
  • F3–F5: References to family limited partnerships and a family trust (ownership/relationship disclosures).
  • F6: Class B common stock converts 1-for-1 to Class A.
  • F7: Immediate. F8: None.

Context
This is a straightforward insider purchase by a 10% owner rather than an executive option exercise or a gift. The reported dollar amount is relatively small ($10.5K). Purchases by significant owners are routinely reported on Form 4; they provide factual information about insider activity but do not, by themselves, explain the insider’s motives.