Egan Martin 4

What Happened
Egan Martin, Chief Accounting Officer of The Bancorp, Inc. (TBBK), received a grant of 5,136 restricted stock units (RSUs) on 2026-02-09 and, on 2026-02-11, 1,005 shares were disposed to satisfy tax withholding tied to RSU vesting. The Form 4 reports the withheld/disposed shares at $57.41 each for total proceeds of $57,702; the filing notes sale prices ranged from $57.25 to $57.78.

Key Details

• Grant: 5,136 RSUs awarded on 2026-02-09. RSUs vest annually in three equal installments (per filing footnote).
• Sale/Withholding: 1,005 shares disposed on 2026-02-11 labeled as tax withholding (transaction code F). Reported at $57.41/share for $57,702; footnote states actual sale prices ranged $57.25–$57.78.
• Shares owned after transaction: Not specified in this filing.
• Filing/Timeliness: Form filed 2026-02-11 for a 2026-02-09 report date — appears to be filed within the typical 2-business-day window.
• Footnotes: F1 = RSU grant details and vesting schedule; F2 = shares sold to pay taxes; F3 = sale price range.

Context
This transaction reflects an RSU grant and a routine withholding sale to cover taxes upon vesting, not an open-market sale for investment purposes. RSUs are awards giving the right to receive shares upon vesting; the disposal here is a common administrative step to meet tax obligations and does not necessarily indicate the insider’s view on the stock.